Global Industrial Company (NYSE: GIC), Port Washington, N.Y., announced sales of $1.27 billion for the year ended Dec. 31, 2023, up 9.3% from $1.17 billion in 2022.
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Excluding Indoff, acquired May 19, 2023, sales were up 5.1%.
Fourth-quarter sales were $320.1 million, up 22.9%.
“Revenue reached a record $1.27 billion, as we benefited from the acquisition of Indoff, while organic revenue performance reflects the soft start to the year. As we moved through 2023, the demand environment improved, pricing pressures eased and we delivered solid second half results. In the fourth quarter we posted our best top line growth of the year as organic revenue improved 5.1%,” said Barry Litwin, Chief Executive Officer.
