Global Industrial Q4 sales rise

Overview

• Industrial equipment distributor's Q4 revenue rose 14.3% yr/yr

• Q4 operating income increased 35.2% yr/yr

• Company increased quarterly dividend by 7.7% to $0.28

Outlook

• Global Industrial plans to continue regular quarterly dividends

• Company aims to drive profitable top-line growth and scale business in 2026

• Global Industrial is transforming its business model to be more customer-centric

Result Drivers

• VOLUME AND PRICE IMPROVEMENTS - Co attributed 7.4% increase in average daily sales to volume and price improvements

• CRM AND SERVICES INVESTMENTS - Investments in CRM and services platforms enhanced customer alignment

Company press release: ID:nACSsM1n9a

Key Details

Analyst Coverage

• The one available analyst rating on the shares is "hold"

• The average consensus recommendation for the diversified industrial goods wholesale peer group is "buy."

• Wall Street's median 12-month price target for Global Industrial Co is $38.00, about 22.9% above its February 23 closing price of $30.92

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

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