GIC Q2 2023 Earnings — Global Industrial Company Revenue & Financial Results | Market Cap Arena

GICGlobal Industrial Company

$1B

Q2 2023 Earnings

Industrials Industrial - Distribution

Income Statement

Revenue

$326M+2.3% YoY

Gross Profit

$113M34.7% margin

Operating Income

$29M8.9% margin

Net Income

$22M6.6% margin

EPS (Diluted)

$0.56

QoQ Revenue Growth

+19.0%

Cash Flow

Operating Cash Flow

$37M

Free Cash Flow

$36M

Stock-Based Comp.

$600,000

Balance Sheet

Total Assets

$554M

Total Liabilities

$322M

Stockholders' Equity

$232M

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$326M	$319M	+2.3%
Gross Profit	$113M	$113M	-0.1%
Operating Income	$29M	$31M	-4.6%
Net Income	$22M	$23M	-5.7%

Geographic Segments

UNITED STATES

$308M95%

CANADA

$18M5%