Global Industrial reports Q4 EPS 27c, consensus 28c

Reports Q4 revenue $302.3M, consensus $306.07M. Richard Leeds, executive chairman, said “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. We remain very pleased with our gross margin performance and had good cash flow generation during the year, ending 2024 with more than $44 million in cash.”