Latest news with #GlobalIndustrial
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
19-05-2025
- Business
- Yahoo
Transcat (TRNS) Reports Earnings Tomorrow: What To Expect
Measurement equipment distributor Transcat (NASDAQ:TRNS) will be reporting results tomorrow after market hours. Here's what to look for. Transcat missed analysts' revenue expectations by 5% last quarter, reporting revenues of $66.75 million, up 2.4% year on year. It was a disappointing quarter for the company, with a significant miss of analysts' EBITDA estimates and a significant miss of analysts' EPS estimates. Is Transcat a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Transcat's revenue to grow 7.7% year on year to $76.4 million, slowing from the 14.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Transcat has missed Wall Street's revenue estimates four times over the last two years. Looking at Transcat's peers in the maintenance and repair distributors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Global Industrial posted flat year-on-year revenue, beating analysts' expectations by 4.6%, and VSE Corporation reported revenues up 57.7%, falling short of estimates by 6.7%. Global Industrial traded up 15.7% following the results while VSE Corporation was also up 7.8%. Read our full analysis of Global Industrial's results here and VSE Corporation's results here. There has been positive sentiment among investors in the maintenance and repair distributors segment, with share prices up 20.4% on average over the last month. Transcat is down 1.9% during the same time and is heading into earnings with an average analyst price target of $100.15 (compared to the current share price of $82). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.
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
13-05-2025
- Business
- Yahoo
Q1 Earnings Outperformers: VSE Corporation (NASDAQ:VSEC) And The Rest Of The Maintenance and Repair Distributors Stocks
Earnings results often indicate what direction a company will take in the months ahead. With Q1 behind us, let's have a look at VSE Corporation (NASDAQ:VSEC) and its peers. Supply chain and inventory management are themes that grew in focus after COVID wreaked havoc on the global movement of raw materials and components. Maintenance and repair distributors that boast reliable selection and quickly deliver products to customers can benefit from this theme. While e-commerce hasn't disrupted industrial distribution as much as consumer retail, it is still a real threat, forcing investment in omnichannel capabilities to serve customers everywhere. Additionally, maintenance and repair distributors are at the whim of economic cycles that impact the capital spending and construction projects that can juice demand. The 8 maintenance and repair distributors stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 0.6%. In light of this news, share prices of the companies have held steady as they are up 3.6% on average since the latest earnings results. With roots dating back to 1959 and a strategic focus on extending the life of transportation assets, VSE Corporation (NASDAQ:VSEC) provides aftermarket parts distribution and maintenance, repair, and overhaul services for aircraft and vehicle fleets in commercial and government markets. VSE Corporation reported revenues of $256 million, up 6% year on year. This print fell short of analysts' expectations by 6.7%, but it was still a very strong quarter for the company with a solid beat of analysts' EPS estimates and an impressive beat of analysts' EBITDA estimates. "We proudly delivered record revenue and profitability in the first quarter and completed a critical chapter in our multi-year strategic transformation into a pure-play aviation aftermarket parts and services provider," said John Cuomo, President and CEO of VSE Corporation. VSE Corporation delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 9.6% since reporting and currently trades at $129.14. Is now the time to buy VSE Corporation? Access our full analysis of the earnings results here, it's free. Formerly known as Systemax, Global Industrial (NYSE:GIC) distributes industrial and commercial products to businesses and institutions. Global Industrial reported revenues of $321 million, flat year on year, outperforming analysts' expectations by 4.6%. The business had an incredible quarter with an impressive beat of analysts' EPS estimates and a solid beat of analysts' EBITDA estimates. Global Industrial pulled off the biggest analyst estimates beat among its peers. The market seems happy with the results as the stock is up 16.6% since reporting. It currently trades at $25.81. Is now the time to buy Global Industrial? Access our full analysis of the earnings results here, it's free. Founded in 1952, Distribution Solutions (NASDAQ:DSGR) provides supply chain solutions and distributes industrial, safety, and maintenance products to various industries. Distribution Solutions reported revenues of $478 million, up 14.9% year on year, falling short of analysts' expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts' EBITDA and EPS estimates. Interestingly, the stock is up 1.1% since the results and currently trades at $26.36. Read our full analysis of Distribution Solutions's results here. Founded during the emergence of Big Oil in Texas, DXP (NASDAQ:DXPE) provides pumps, valves, and other industrial components. DXP reported revenues of $476.6 million, up 15.5% year on year. This result was in line with analysts' expectations. Taking a step back, it was a mixed quarter as it failed to impress in some other areas of the business. DXP achieved the fastest revenue growth among its peers. The stock is down 3.1% since reporting and currently trades at $86. Read our full, actionable report on DXP here, it's free. Founded as a supplier of motors, W.W. Grainger (NYSE:GWW) provides maintenance, repair, and operating (MRO) supplies and services to businesses and institutions. W.W. Grainger reported revenues of $4.31 billion, up 1.7% year on year. This print met analysts' expectations. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts' adjusted operating income estimates but full-year revenue guidance slightly missing analysts' expectations. The stock is up 1.4% since reporting and currently trades at $1,037. Read our full, actionable report on W.W. Grainger here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Strong Momentum Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Join Paid Stock Investor Research Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here. 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Yahoo
12-05-2025
- Business
- Yahoo
Global Industrial Company to Spotlight Restaurant Solutions at the National Restaurant Association Show 2025
Provides solutions designed to serve every space in restaurants and bars PORT WASHINGTON, NY / / May 12, 2025 / Global Industrial Company (NYSE:GIC), a value-added national distributor of industrial equipment and supplies, will be exhibiting at the National Restaurant Association Show, a leading stage for food service innovation, taking place May 17-20 at McCormick Place in Chicago, IL. For its first National Restaurant Show appearance, Global Industrial will be exhibiting at Booth #5353 in the South Building, showcasing a range of commercial- and industrial-grade solutions designed to improve restaurant and food service efficiency, productivity, and safety. Food Preparation & Storage:Refrigeration, Freezers, and Ice Equipment: We offer appliances tailored to a restaurant's needs, from undercounter ice machines to refrigerated merchandisers. Preparation Tables and Cookware: With sturdy stainless-steel work tables and durable cookware, we have products to enhance safety and efficiency while ensuring seamless preparation in commercial kitchens. Storage and Shelving: With containers, chrome wire shelving, and more, we have the essentials needed to efficiently store and transport food. Restaurant Furniture & Décor:Indoor and Outdoor Furnishings: Need new stools for the bar? Dining and high-top sets for a dining room? Umbrellas and picnic tables? A full parklet? We've got it covered. Facilities Maintenance & Janitorial:We're bringing smart solutions to help restaurants stay on top of upkeep, supplying essential equipment and supplies for Maintenance, Repair, and Operations, the unsung hero of every restaurant. From consumables and paper goods to lighting, vacuums, heaters, and more, we've got what hospitality teams need to keep operations running like a well-oiled machine. "The National Restaurant Association Show provides a premier opportunity to showcase our extensive offering of front-of-house and back-of-house solutions designed to serve every space in your restaurant," said Greg Rangnow, Director, National Accounts - Hospitality at Global Industrial. "With a national distribution network, a team of industry experts, and our dedication to an exceptional customer experience, Global Industrial is here with solutions to serve you." Join Global Industrial at the National Restaurant Association Show 2025Attendees will have the opportunity to engage with Global Industrial's category experts while exploring solutions in key product categories for restaurants and bars, including: refrigeration, furniture & lighting, outdoor setting, prepping & cookware, storage, shelving, maintenance, and HVAC. Swing by Global Industrial's booth to enter our special giveaway, your chance to win a Nexel® Merchandiser Refrigerator! About Global Industrial CompanyGlobal 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®". Investor/Media Contact:Mike Smargiassi / Collin Dreizen The Plunkett Group 212-739-6729 mike@ / collin@ SOURCE: Global Industrial Company View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
