Global industrial company reports second quarter 2024 financial results

Sales of $347.8 million, increase 6.8% operating income of $26.4 million; operating margin 7.6% board declares $0.25 dividend port washington, ny / accesswire / july 30, 2024 / global industrial company (nyse:gic) today announced financial results for the second quarter ended june 30, 2024. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended june 30, six months ended june 30, 2024 2023 2024 2023 net sales $ 347.8 $ 325.8 $ 671.2 $ 599.6 gross profit $ 122.5 $ 112.9 $ 233.4 $ 211.3 gross margin 35.2 % 34.7 % 34.8 % 35.2 % operating income from continuing operations $ 26.4 $ 29.1 $ 43.8 $ 46.9 operating margin 7.6 % 8.9 % 6.5 % 7.8 % net income from continuing operations $ 20.2 $ 21.5 $ 33.3 $ 34.8 net income per diluted share from continuing operations $ 0.52 $ 0.56 $ 0.86 $ 0.91 net income (loss) from discontinued operations $ 0.1 $ 0.0 $ 0.2 $ (0.1 ) net income (loss) per diluted share from discontinued operations $ 0.00 $ 0.00 $ 0.01 $ 0.00 *global industrial company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the saturday closest to december 31.
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