Global industrial reports fourth quarter and full year 2024 financial results

Fourth quarter sales of $302.3 million; operating income of $14.5 million and operating margin of 4.8% full year sales of $1.3 billion; operating income of $80.5 million and operating margin of 6.1% board increases dividend to $0.26 port washington, ny / access newswire / february 25, 2025 / global industrial company (nyse:gic), a value-added national distributor of industrial equipment and supplies, today announced financial results for the fourth quarter ended december 31, 2024. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended december 31, year ended december 31, 2024 2023 2024 2023 net sales $ 302.3 $ 320.1 $ 1,315.9 $ 1,274.3 gross profit $ 102.3 $ 108.2 $ 452.0 $ 435.8 gross margin 33.8 % 33.8 % 34.3 % 34.2 % operating income from continuing operations $ 14.5 $ 21.4 $ 80.5 $ 96.5 operating margin 4.8 % 6.7 % 6.1 % 7.6 % net income from continuing operations $ 10.6 $ 15.2 $ 60.7 $ 70.7 net income per diluted share from continuing operations $ 0.27 $ 0.40 $ 1.57 $ 1.84 net income from discontinued operations $ 0.1 $ 0.1 $ 0.3 $ 0.0 net income 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.
GIC Ratings Summary
GIC Quant Ranking