Global industrial company reports third quarter 2021 financial results

-sales of $277.4 million; supply chain constraints impact accelerating customer demand- -gross margin of 36.8%, a new quarterly record- -operating income of $30.6 million; operating margin of 11.0% matches quarterly record- -board declares $0.16 dividend- port washington, ny / accesswire / november 2, 2021 / global industrial company (nyse:gic) today announced financial results for the third quarter ended september 30, 2021. performance summary* (u.s. dollars in millions, except per share data) highlights quarter ended september 30, nine months ended september 30, 2021 2020 2021 2020 net sales $ 277.4 $ 285.7 $ 801.1 $ 755.1 gross profit $ 102.0 $ 102.3 $ 277.3 $ 263.8 gross margin 36.8 % 35.8 % 34.6 % 34.9 % operating income from continuing operations $ 30.6 $ 31.4 $ 61.9 $ 63.0 operating margin 11.0 % 11.0 % 7.7 % 8.3 % net income from continuing operations $ 23.2 $ 24.1 $ 49.8 $ 47.7 net income per diluted share from continuing operations $ 0.61 $ 0.64 $ 1.31 $ 1.26 net (loss) income from discontinued operations $ (0.1) $ 0.5 $ 10.5 $ 1.5 net (loss) income per diluted share from discontinued operations $ 0.00 $ 0.01 $ 0.28 $ 0.04 *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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