Latest news with #AnesaChaibi
Yahoo
20-05-2025
- Automotive
- Yahoo
Global Industrial Company To Raise Awareness for K9s For Warriors At NASCAR Xfinity Series Race on Memorial Day Weekend
- Reaffirms Commitment to K9s For Warriors Through 'Partnerships With Purpose' Service Initiative - PORT WASHINGTON, NY AND WELCOME, NC / / May 20, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, announced today that its Partnerships With Purpose service initiative will continue to raise awareness for veterans through its support of K9s For Warriors. Through Global Industrial's partnership with Richard Childress Racing (RCR), K9s For Warriors will be featured on the No. 21 Chevrolet, driven by Austin Hill, during the NASCAR Xfinity Series race at Charlotte Motor Speedway this Memorial Day weekend. K9s For Warriors is a national nonprofit organization that provides highly trained service dogs to U.S. military veterans suffering from post-traumatic stress disorder ("PTSD"), traumatic brain injury and other invisible wounds of war at no financial cost to the veteran. Partnerships With Purpose is Global Industrial's service initiative platform that reflects the company's commitment to meaningful social engagement. "Global Industrial is honored to recognize and thank the members of the U.S. Armed Forces for their service and sacrifice this Memorial Day weekend. We are proud to sponsor K9s For Warriors and support their mission to empower veterans," said Anesa Chaibi, CEO of Global Industrial Company. "Coming together for this race highlights the impact we can make through our Partnerships With Purpose initiative. We're grateful to Richard Childress Racing, and our other partners for joining us in supporting our veterans and their families." "K9s For Warriors is extremely grateful to Global Industrial for their ongoing support of our mission to save lives at both ends of the leash through its Partnerships With Purpose initiative," said Lindsay Grayson, Chief Revenue Officer at K9s For Warriors. "As we honor our fallen heroes this Memorial Day, we remember all the sacrifices they have made for our country and our freedom. K9s For Warriors is thankful to Richard Childress Racing and Austin Hill for playing such a vital role in helping us raise awareness about our organization's commitment to saving Veteran lives." "It's an honor to raise awareness for K9s For Warriors again this season," said Hill. "Through Global Industrial's Partnerships With Purpose program, we have the opportunity to bring attention to a worthy cause that is making a change in the lives of those who have served our country. K9s For Warriors is saving over 150 lives a year, not only with veterans but also with canines. Even if one veteran learns about this program and can be saved, it means more than anything else that we can do on the track. We are going to give it our all to take the Global Industrial Chevrolet to Victory Lane on Memorial Day weekend." On Saturday, May 24, leadership, veteran and canine members of the K9s For Warriors team, and current servicemembers will join Global Industrial and RCR for a VIP experience at Charlotte Motor Speedway. The green flag will wave for Hill and the No. 21 Global Industrial Chevrolet at Charlotte Motor Speedway on Saturday, May 24 at 4:00 p.m. ET. Watch live television coverage on The CW and listen to flag-to-flag coverage on the Performance Racing Network and SiriusXM NASCAR Radio Channel 90. Get ready for the big day and check out this 2024 "race" between Hill and fellow RCR driver Kyle Busch: About Global Industrial Company: Global Industrial Company (NYSE:GIC), through its operating subsidiaries, is a value-added distributor and source for industrial equipment and supplies. Leveraging over 75 years of experience, Global Industrial specializes in providing MRO solutions to businesses ranging from small to enterprise, and to the public sector. Global Industrial is committed to its customer-centric strategy and uses industry expertise, products from its Global Industrial Exclusive BrandsTM, and nationally known brands to provide customers with a breadth of offerings to meet their needs. At Global Industrial, "We Can Supply That®". About K9s For Warriors: Determined to end Veteran suicide, K9s For Warriors is the nation's largest provider of trained Service Dogs to military Veterans suffering from PTSD, traumatic brain injury and/or military sexual trauma. With most dogs being rescues, this innovative program allows the K9/Warrior team to build an unwavering bond that facilitates their collective healing and recovery. This treatment method is backed by scientific research (from University of Arizona's OHAIRE Lab) demonstrating Service Dogs' ability to help mitigate their Veteran's symptoms of PTSD while simultaneously restoring their confidence and independence. Founded in 2011 as a 501 (c)(3) nonprofit organization, K9s For Warriors remains committed to bringing widespread awareness to Veterans' mental health and contributing to policy-level reform. The organization's operation facilities include: K9s For Warriors National Headquarters (Ponte Vedra, Fla.) Davis Family Mega Kennel (Ponte Vedra, Fla.) Petco Love K9 Center (San Antonio, Texas) and Warrior Ranch (Just North of San Antonio, Texas). Find more information at | Facebook | Instagram | X About Richard Childress Racing: Richard Childress Racing ( is a renowned, performance-driven racing, marketing and manufacturing organization. Incorporated in 1969, RCR has celebrated over 50 years of racing and earned more than 200 victories and 16 championships, including six in the NASCAR Cup Series with the legendary Dale Earnhardt. RCR was the first organization to win championships in the NASCAR Cup Series, NASCAR Xfinity Series and NASCAR Truck Series and is a three-time winner of the Daytona 500 (1998, 2007, 2018). Its 2025 NASCAR Cup Series lineup includes two-time NASCAR Cup Series champion Kyle Busch (No. 8 Chevrolet) and 2017 Coca-Cola 600 winner and 2018 Daytona 500 champion Austin Dillon (No. 3 Chevrolet). RCR fields a full-time NASCAR Xfinity Series program with Jesse Love (No. 2 Chevrolet) and Austin Hill (No. 21 Chevrolet). Media Contacts: For Global Industrial:Mike Smargiassi / Collin DreizenThe Plunkett GroupPhone: 212-739-6729Email: mike@ / collin@ For K9s For Warriors:Carly KramerK9s For WarriorsEmail: ckramer@ For Richard Childress Racing:Samantha JonesRichard Childress RacingPhone: 704-960-5121Email: sjones@ SOURCE: Global Industrial Company View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
13-05-2025
- Business
- Yahoo
GIC Q1 Earnings Call: Management Details Tariff Risks and Strategic Account Momentum
Industrial and commercial distributor Global Industrial (NYSE:GIC) reported Q1 CY2025 results exceeding the market's revenue expectations , but sales were flat year on year at $321 million. Its non-GAAP profit of $0.35 per share was 75% above analysts' consensus estimates. Is now the time to buy GIC? Find out in our full research report (it's free). Revenue: $321 million vs analyst estimates of $307 million (flat year on year, 4.6% beat) Adjusted EPS: $0.35 vs analyst estimates of $0.20 (75% beat) Adjusted EBITDA: $21.1 million vs analyst estimates of $12 million (6.6% margin, 75.8% beat) Operating Margin: 5.7%, in line with the same quarter last year Free Cash Flow Margin: 1%, similar to the same quarter last year Market Capitalization: $1.02 billion Global Industrial's first quarter results reflected management's focus on targeted pricing actions and expanding strategic account relationships. CEO Anesa Chaibi emphasized that the quarter began slowly due to the timing of the New Year's holiday, but sales momentum improved through March, driven by solid performance from Indoff and large customers. The company also highlighted improvements in gross margin, attributed to freight management and selective price increases made in response to prior cost pressures. Looking ahead, management cited ongoing efforts to diversify the supply chain and implement new customer relationship management (CRM) tools as drivers for future growth. Chaibi discussed the fluid situation regarding tariffs enacted in April and noted, 'Our teams remain in all-hand status, making sure we proactively manage through the current environment.' She added that the company is closely monitoring customer demand and pricing trends, while maintaining readiness to adjust sourcing and pricing as conditions evolve. Management attributed Q1 performance to both internal execution and external factors, with particular attention to operational initiatives and supply chain developments. The company outlined several business updates that will shape its trajectory in the coming quarters. Strategic Account Growth: Indoff, Global Industrial's project-based business, contributed to improved results as large account relationships showed strong growth, particularly in March. Management is focusing on deeper penetration within these accounts to capture more share of wallet. Customer Segment Diversification: Management noted ongoing progress in expanding from a small and medium business (SMB) focus to also include enterprise and group purchasing organization (GPO) customers. This broader approach is seen as a key lever to increase the addressable market. Supply Chain Diversification: Efforts to reduce reliance on Chinese manufacturing have continued, with sourcing now more distributed across multiple countries. Direct imports from China remain significant, but the company is actively seeking alternatives for select product lines. Tariff Impact and Mitigation: The recent tariffs have created pricing and demand uncertainty across the supply chain. Management described ongoing price adjustments and inventory planning as measures to buffer near-term margin volatility, while monitoring for further policy changes. CRM Implementation: The rollout of a new CRM platform, expected to be completed this summer, is designed to improve customer visibility and alignment between sales and marketing, potentially enhancing the company's ability to target and nurture key relationships. Management's outlook for the next quarter and the year centers on navigating tariff-related uncertainties, expanding customer segments, and leveraging operational investments to support margin stability. Tariff Response and Pricing: The evolving tariff landscape is expected to impact both costs and pricing strategies. Management plans to adjust prices as needed and monitor customer responses to ensure competitiveness and margin protection. Strategic Account Penetration: Broader engagement with enterprise and GPO customers is intended to drive incremental revenue growth and offset any softness among smaller customers. Operational Investments: The implementation of the new CRM system and continued supply chain diversification are expected to support margin resilience and enable more tailored customer outreach, though management warned that margin volatility may persist in the near term due to inventory and cost timing. Anthony Lebiedzinski (Sidoti): Asked about the impact of Indoff's project-based business and whether tariff-related demand shifts occurred. Management observed steady growth in large accounts and no evidence of demand being pulled forward. Anthony Lebiedzinski (Sidoti): Inquired about the sustainability of low SG&A expense growth. CFO Tex Clark attributed cost control to discretionary actions and stated that sustained revenue growth could further leverage fixed costs. Anthony Lebiedzinski (Sidoti): Sought clarification on tariff-driven pricing and margin outlook. CEO Anesa Chaibi described ongoing, cautious price adjustments and noted management is monitoring developments daily. Michael Francis (William Blair): Asked about the company's progress in reducing exposure to Chinese sourcing. Management replied sourcing from China is below 35% of cost of goods, with further diversification ongoing but gradual. Matt Kaelberer (Grandeur Peak Advisors): Questioned the sustainability of gross margin improvements excluding tariffs. Management indicated further gains are possible through sourcing and pricing, but tariff uncertainty could cause near-term volatility. In the coming quarters, the StockStory team will be closely monitoring (1) Global Industrial's ability to manage tariff-related costs through pricing and supply chain adjustments, (2) the pace and success of new CRM implementation and its impact on customer engagement, and (3) further expansion into enterprise and GPO customer segments. Progress on these fronts will be key markers of the company's ability to sustain margins and resume top-line growth amid a dynamic external environment. Global Industrial currently trades at a forward P/E ratio of 16.7×. Should you double down or take your chips? See for yourself in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today.
Yahoo
01-05-2025
- Business
- Yahoo
Global Industrial jumps 13% following Q1 results
Reports Q1 EPS 35c vs. 34c last year. Reports Q1 revenue $321M vs. $323.4M last year. Anesa Chaibi, CEO, said, 'In the first quarter we generated revenue of $321M, a decline of less than one percent from the year ago period. This performance was significant given the soft start in January, which was impacted by the mid-week timing of the New Year's holiday. Excluding the holiday impact, revenue would have been up low single digits in the quarter. Results were led by Indoff and our largest strategic accounts. Performance improved as we moved through the period and we ended the quarter with growth in March. Gross margin increased 60 basis points over the first quarter of 2024; and with strong cost controls, operating income improved 4.6%.' The company added that 'The tariffs enacted in April have created a disruption not only in our business, but also to the entire supply chain and our customers. As we look to mitigate their impact, our focus is on what we control. We are working closely with manufacturing and vendor partners, ensuring product availability, and providing customers with as much visibility as we can in a very fluid environment.' Shares of Global Industrial (GIC) are up nearly 13% to $24.95 in morning trading. Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter. Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on GIC: Disclaimer & DisclosureReport an Issue Global Industrial rises 12.5% Global Industrial Reports Resilient Q1 2025 Performance Global Industrial Reports Q1 2025 Financial Results GIC Upcoming Earnings Report: What to Expect? Global Industrial, Oak View Group partner for portfolio of venues Sign in to access your portfolio
