GIC Earnings Prediction
The chart below shows how GIC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GIC sees a -0.56% change in stock price 10 days leading up to the earnings, and a -4.78% change 10 days following the report. On the earnings day itself, the stock moves by -0.69%. This data can give you a slight idea of what to expect for the next quarter's release.
GIC Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
342.40M
-3.44%
-1.55%
Gross Margin
33.97%
3.57%
-3.55%
Operating Margin
6.48%
-18.49%
-14.62%
Net Margin
4.91%
-15.92%
-15.49%
EPS
0.44
-18.52%
-16.98%
No Data Available
GIC Earnings Analysis
Global Industrial Company Corporation (GIC.N) Earnings Conference Call
Positive
Quarterly Revenue Comparison: Revenue was down each month in the period and up 3.4% for the quarter, as compared to the year ago period.
Strategic Account Performance: Our strategic account business continues to perform well, delivering solid growth.
Gross Margin Improvement: Gross margin was 34% in the quarter, an improvement on a year-over-year basis.
Operating Income and Margin: Operating income from continuing operations was $22.2 million in the third quarter, and operating margin was 6.5%.
Quarterly Dividend Declaration: Our Board of Directors declared a quarterly dividend of $0.25 per share of common stock.
Negative
Quarterly Revenue Comparison: Revenue was down each month in the period and up 3.4% for the quarter, as compared to the year ago period.
Revenue Decline in U.S. and Canada: U.S. revenue was down 3.4% and Canada revenue was down 2.9% in local currency.
Gross Margin Analysis: Gross margin was 34% in the quarter, an improvement on a year-over-year basis but declined sequentially as we continue to face increased cost of sales, primarily from ocean freight headwinds.
Increased Administrative Spending: Selling, distribution and administrative spending for the quarter was $94.1 million, or 27.5% of net sales, an increase of 270 basis points from last year.
Rising Health Care Costs: We had a significant increase in health care costs, which exceeded $1 million in the quarter.
GIC FAQs
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GIC Earning Call Sentiment
Global Industrial Company (GIC) Q3 2024 Earnings Call Transcript
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00:00
00:00
GIC.N
-2.48%Positive
The earnings call reveals several challenges: declining revenue, increased costs, and weak demand, particularly in the SMB sector. Though margins have improved slightly, the overall financial health is strained with elevated SG&A expenses. The Q&A highlights concerns over declining order values and unclear management strategies. Despite a stable dividend, the lack of a share repurchase program and the weak revenue outlook contribute to a negative sentiment. Given the small-cap nature of the company, the stock is likely to experience a negative reaction in the short term.
