Global Industrial Company (NYSE: GIC), Port Washington, N.Y., distributor of industrial and MRO products, reported sales for its fiscal first quarter 2024 were $323.4 million, an increase of 18.1% from the prior-year period.
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Profit was $13.2 million, the same as a year ago.
“Our performance reflects a continuation of the cautious customer purchasing behavior we have seen for the past several quarters,” said Barry Litwin, CEO. “eCommerce was once again our leading channel and we are seeing strong growth in our enterprise business as it benefits from new account generation and healthy retention rates.”
Global Industrial has five distribution centers across the U.S. and offers products in 21 different industrial and commercial categories.
