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Home » distribution » Global Industrial 1Q 2022 Sales Up 15% 

Date

  • Published on: May 4, 2022

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  • Jonathan Bein Jonathan Bein

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Distribution Industry News

Global Industrial 1Q 2022 Sales Up 15% 

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.  

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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.  

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