Global industrial company reports first quarter 2025 financial results

Sales of $321.0 million operating income of $18.2 million; operating margin 5.7% board declares $0.26 dividend port washington, ny / access newswire / april 29, 2025 / global industrial company (nyse:gic), a value-added distributor and source for industrial equipment and supplies today announced financial results for the first quarter ended march 31, 2025. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended march 31, 2025 2024 net sales $ 321.0 $ 323.4 gross profit $ 112.1 $ 110.9 gross margin 34.9 % 34.3 % operating income from continuing operations $ 18.2 $ 17.4 operating margin 5.7 % 5.4 % net income from continuing operations $ 13.5 $ 13.1 net income per diluted share from continuing operations $ 0.35 $ 0.34 net income from discontinued operations $ 0.1 $ 0.1 net income per diluted share from discontinued operations $ 0.00 $ 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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