Global Industrial Q4 sales rise

Reuters02-25
Global Industrial Q4 sales rise 

Overview

  • Industrial equipment distributor's Q4 revenue rose 14.3% yr/yr

  • Q4 operating income increased 35.2% yr/yr

  • Company increased quarterly dividend by 7.7% to $0.28

Outlook

  • Global Industrial plans to continue regular quarterly dividends

  • Company aims to drive profitable top-line growth and scale business in 2026

  • Global Industrial is transforming its business model to be more customer-centric

Result Drivers

  • VOLUME AND PRICE IMPROVEMENTS - Co attributed 7.4% increase in average daily sales to volume and price improvements

  • CRM AND SERVICES INVESTMENTS - Investments in CRM and services platforms enhanced customer alignment

Company press release: ID:nACSsM1n9a

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

Beat

$345.60 mln

$324.86 mln (2 Analysts)

Q4 Gross Margin

34.50%

Q4 Gross Profit

$119.10 mln

Q4 Operating Margin

5.70%

Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."

  • Wall Street's median 12-month price target for Global Industrial Co is $38.00, about 22.9% above its February 23 closing price of $30.92

  • The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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