Global Industrial Company (NYSE: GIC) announced sales for the first quarter of 2022, ending March 31, were $288.6 million, an increase of 15% compared to the prior-year period. Sales increased 14.8% on an average daily basis.
Net income from continuing operations was $21.8 million, up from $5.5 million from the previous year.
“We delivered an exceptional first-quarter performance with record revenue and profitability, driven by strong demand and excellent execution across the business. Revenue of $288 million was a quarterly record and improved nearly 15% over the prior year, supported by strong sales trends throughout the period,” Global Industrial CEO Barry Litwin said.