Global Industrial Company (NYSE: GIC), Port Washington, N.Y., national distributor of industrial products and MRO supplies, reported sales for the fourth quarter ended Dec. 31, 2024, were $302.3 million, a decrease of 5.6% from the prior-year period.
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Profit for the quarter was $10.7 million.
Sales for the year ended Dec. 31, 2024, were $1.3 billion, up 3.3% from 2023. Profit was $60.7 million.
“In 2024 we generated revenue of $1.3 billion, an improvement of 3.3%, driven by the acquisition of Indoff in 2023. We delivered top-line growth in the first half of 2024 but results softened as we moved through the year with continued weakness in our core small and medium-sized businesses customer base,” said Richard Leeds, executive chairman.
Global Industrial has five distribution centers totaling more than 2.5 million square feet across the U.S.
