8 hours ago 1

Global Industrial jumps 13% following Q1 results

TipRanks

Thu, May 1, 2025, 10:55 AM 1 min read

Reports Q1 EPS 35c vs. 34c last year. Reports Q1 revenue $321M vs. $323.4M last year. Anesa Chaibi, CEO, said, “In the first quarter we generated revenue of $321M, a decline of less than one percent from the year ago period. This performance was significant given the soft start in January, which was impacted by the mid-week timing of the New Year’s holiday. Excluding the holiday impact, revenue would have been up low single digits in the quarter. Results were led by Indoff and our largest strategic accounts. Performance improved as we moved through the period and we ended the quarter with growth in March. Gross margin increased 60 basis points over the first quarter of 2024; and with strong cost controls, operating income improved 4.6%.” The company added that “The tariffs enacted in April have created a disruption not only in our business, but also to the entire supply chain and our customers. As we look to mitigate their impact, our focus is on what we control. We are working closely with manufacturing and vendor partners, ensuring product availability, and providing customers with as much visibility as we can in a very fluid environment.” Shares of Global Industrial (GIC) are up nearly 13% to $24.95 in morning trading.

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