Filing Flows › Global Industrial (GIC) › Q1 2025
Global Industrial (GIC) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
Global Industrial (GIC) reported revenue of $321M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and +6% from the quarter before. Operating margin was 5.7%, net earnings $13.6M (4.2% of revenue).
Global Industrial, Q1 2025: revenue $321M (-0.7% year over year), operating margin 5.7%, net earnings $13.6M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $321M | +6% | -0.7% |
| Gross profit | $112M | +10% | +1% |
| Operating profit | $18.2M | +26% | +5% |
| Net earnings | $13.6M | +27% | +3% |
| Operating cash flow | $3.4M | -79% | -47% |
| Free cash flow | $3.2M | -79% | -37% |
What changed
Revenue was $321.0M in Q1 2025, down 1% year over year and up 6% from the previous quarter.
Gross margin was 34.9%, up 0.6 points from a year earlier. Operating profit was $18.2M, a 5.7% margin (up 0.3 points year over year). Operating expenses grew 0% against a revenue fall of 1%. Net earnings were $13.6M, up 3% year over year. The effective tax rate was 25.3%.
Operating cash flow was $3.4M (down 47% year over year), 25% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization and $1.8M of share-based compensation. Working capital and other items used $13.9M. Capital expenditures of $200K left free cash flow of $3.2M.
Questions
What was Global Industrial's revenue in the first quarter 2025?
Global Industrial (GIC) reported revenue of $321M for the first quarter 2025 (Q1 2025), -0.7% from a year earlier and +6% from the quarter before.
Was Global Industrial profitable in the first quarter 2025?
Operating profit was $18.2M (5.7% of revenue) and net earnings $13.6M.
Source: Global Industrial 10-Q on SEC EDGAR.