NYSE$GIC

Global Industrial Company · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported record sales and gross margin, with operating income increasing.

Global Industrial Company reported record first-quarter revenue of $288.6 million, a 14.9% increase year-over-year. The company's gross margin reached a record 37.4%, and operating income increased to $29.5 million, representing an operating margin of 10.2%.

  • Consolidated sales increased by 14.9% to $288.6 million compared to the previous year.
  • Consolidated gross margin increased to 37.4% compared to 30.8% last year.
  • Consolidated operating income from continuing operations increased to $29.5 million compared to $6.6 million last year.
  • Net income per diluted share from continuing operations increased to $0.57 compared to $0.14 last year.

Headline financials

Total Revenue

$289M

Previous: $251M+14.9%
EPS (adj)

$0.57

Previous: $0.14+307.1%
Gross Margin

37.4%

No prior period
Operating Margin

10.2%

No prior period
Capital Expenditures

-$1.1M

Previous: -$900K-22.2%
Free Cash Flow

$20.9M

Previous: $14.3M+46.2%
Net Income

$22M

Previous: $15.2M+44.7%
Operating Income

$29.5M

Previous: $6.6M+347.0%
Gross Profit

$108M

Previous: $77.3M+39.5%
Cash & Equivalents

$14.6M

Previous: $36.9M-60.4%
Total Assets

$446M

Previous: $392M+14.0%
Stock-Based Comp

$1M

Previous: $400K+150.0%

Revenue & EPS history

Global Industrial · Revenue · Quarterly

$289M

Q1 2022+14.9%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

The company is making further investments that will position it to expand market share and capitalize on its growth opportunities. They are committed to driving operational excellence, leading in digital innovation, and investing in their people, private brands and distribution operations.

Tailwinds

  • Expanding market share
  • Capitalizing on growth opportunities
  • Driving operational excellence
  • Leading in digital innovation
  • Investing in people, private brands and distribution operations

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+1.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+32.5%

Q2 2015

Best reaction

-27.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-10.9%-6.9%
Q4 2025+7.6%+8.9%+0.5%
Q3 2025-18.2%-19.8%-18.4%
Q1 2025+15.7%+15.4%+17.4%
Q4 2024-0.4%-4.2%-7.2%
Q3 2024-21.2%-19.8%-14.4%
Q2 2024-0.9%-5.5%-5.7%
Q1 2024-12.4%-11.7%-13.3%
Q4 2023-3.7%+1.6%+2.2%
Q3 2023+10.4%+8.5%+11.7%
Q2 2023+4.0%+11.7%+18.7%
Q1 2023-14.3%-12.6%-4.4%
Q4 2022-0.8%-3.8%-12.0%
Q3 2022-27.5%-25.2%-21.1%
Q2 2022-12.4%-10.0%-17.7%
Q1 2022+17.6%+9.3%+15.2%
Q4 2021-1.2%-7.6%+0.7%
Q3 2021-4.2%-1.2%-5.7%
Q2 2021+2.0%-0.2%+0.6%
Q1 2021-23.1%-19.8%-20.9%
Q4 2020-15.8%-18.2%-10.9%
Q3 2020+23.9%+21.2%+33.7%
Q2 2020+17.7%+14.8%+11.6%
Q1 2020+3.7%+1.0%+5.5%
Q4 2019-4.3%-8.2%-17.0%
Q3 2019-10.0%-12.9%-5.9%
Q2 2019+14.5%+6.8%+5.4%
Q1 2019+4.2%+3.0%-10.2%
Q4 2018-15.7%-13.6%-10.6%
Q3 2018+25.1%+19.7%+8.6%
Q2 2018+5.1%-12.9%-16.5%
Q1 2018-2.4%-2.4%+5.1%
Q4 2017-7.1%-6.0%-7.2%
Q3 2017+13.8%+9.4%+9.5%
Q2 2017+29.5%+43.2%+34.9%
Q1 2017+29.3%+29.7%+31.0%
Q4 2016+12.9%+13.8%+38.7%
Q3 2016-5.3%-4.1%+11.2%
Q2 2016+2.2%+0.6%-7.1%
Q1 2016-1.5%
Q4 2015+5.3%
Q3 2015-5.6%
Q2 2015+32.5%
Q1 2015-3.6%
Q4 2014+3.3%
Q3 2014+0.2%
Q2 2014+9.2%
Q1 2014-3.1%
Q4 2013+6.5%
Q3 2013+0.4%
Q2 2013+1.4%
Q1 2013-3.7%
Q4 2012-0.8%
Q3 2012-4.3%
Q4 2011+2.5%
Q2 2012+2.5%
Q1 2011-3.7%
Q1 2012+2.3%
Q4 2009+1.9%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011+2.7%
Q2 2010+2.7%
Q4 2010+2.7%
Q1 2010-2.8%

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