Global industrial company reports third quarter 2024 financial results

Sales of $342.4 million operating income of $22.2 million; operating margin 6.5% board declares $0.25 dividend port washington, ny / accesswire / october 29, 2024 / global industrial company (nyse:gic) today announced financial results for the third quarter ended september 30, 2024. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended september 30, nine months ended september 30, 2024 2023 2024 2023 net sales $ 342.4 $ 354.6 $ 1,013.6 $ 954.2 gross profit $ 116.3 $ 116.3 $ 349.7 $ 327.6 gross margin 34.0 % 32.8 % 34.5 % 34.3 % operating income from continuing operations $ 22.2 $ 28.2 $ 66.0 $ 75.1 operating margin 6.5 % 8.0 % 6.5 % 7.9 % net income from continuing operations $ 16.8 $ 20.7 $ 50.1 $ 55.5 net income per diluted share from continuing operations $ 0.44 $ 0.54 $ 1.30 $ 1.44 net income (loss) from discontinued operations $ 0.0 $ 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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