Distributors entered 2022 amidst a bullish and relatively rosy outlook. Having weathered many of the economic and supply chain crises brought on by the COVID-19 pandemic, most signs point to opportunities for companies to recover and thrive in the new year. (Fourth-quarter financial results from 2021 suggest that recovering and thriving is already well underway.) […]
Category: Global Industrial
Earnings Confirm Hopes as Industrial Distributors Ride Momentum in ’22
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Global Industrial Outlines 2022 Strategy Focus
Global Industrial has been on a repositioning journey over the past five-plus years. It divested international technology distribution operations to focus on its North American industrial business, rebranded under the Global Industrial name, and has driven a hybrid sales model of direct sales supported by a digital and multi-platform marketing platform. So it was good […]
Global Industrial: Sales Up Overall Despite Down 4Q
Global Industrial Company (NYSE:GIC) of Port Washington, New York, reported consolidated sales in the fourth quarter of 2021 decreased 4.3% to $262 million compared to 2020, but overall annual sales increased 3.3% to $1.06 billion. The 4Q of 2021 had 61 selling days, five fewer days than the same quarter in 2020. Sales increased 3.5% […]
Global Industrial Partners With OMINA
Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial products and MRO supplies, says it has reached a nationwide cooperative contract with OMNIA Partners for the public sector. The new agreement “builds upon the existing private sector partnership between Global Industrial and OMNIA Partners,” Global Industrial said. “We are very excited to expand our […]
Global Industrial Appoints Storch
Global Industrial Company (NYSE:GIC), a distributor of industrial products and MRO supplies, appointed Adina Storch to senior vice president, general counsel and corporate secretary. Storch reports to Barry Litwin, Global Industrial CEO, and will be responsible for managing the company’s legal, risk management and compliance functions. She also will serve as corporate secretary to the […]
Global Industrial 3Q Sales Down
Global Industrial Co. (NYSE: GIC), the Port Washington, New York-based parent of Global Industrial, saw net sales and income drop in 2021’s third quarter compared to the same time a year ago. Net sales and income for the first nine months of the year, however, remained ahead of 2020 levels. The company reported 3Q net […]
