GIC Q1 2023 Earnings — Global Industrial Company Revenue & Financial Results | Market Cap Arena

GICGlobal Industrial Company

$1B

Q1 2023 Earnings

Industrials Industrial - Distribution

Income Statement

Revenue

$274M-5.1% YoY

Gross Profit

$98M35.9% margin

Operating Income

$18M6.5% margin

Net Income

$13M4.8% margin

EPS (Diluted)

$0.34

QoQ Revenue Growth

+5.1%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$28M

Stock-Based Comp.

$600,000

Balance Sheet

Total Assets

$462M

Total Liabilities

$245M

Stockholders' Equity

$217M

Cash & Equivalents

$48M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$274M	$289M	-5.1%
Gross Profit	$98M	$108M	-8.7%
Operating Income	$18M	$30M	-39.7%
Net Income	$13M	$22M	-40.0%

Geographic Segments

UNITED STATES

$257M94%

CANADA

$17M6%