Business Context and Reporting Period
Company: Global Industrial Company (GIC)
Filing Type: Form 8-K (Current Report)
Date of Report: November 2, 2021
Reporting Period: Third quarter ended September 30, 2021
Business Overview: The Company operates as an industrial supply distributor, trading on the New York Stock Exchange under the symbol GIC.
Key Financial Metrics
The filing serves as a notification of the release of financial results rather than a detailed financial statement. Specific quantitative data regarding revenue, profit, cash flow, margins, debt, or liquidity for the third quarter ended September 30, 2021, is not contained within the text of this Form 8-K. These figures are referenced as being available in the attached Press Release (Exhibit 99.1), which is not included in the provided source text.
Material Changes and Corporate Actions
- Dividend Declaration: The Company declared a cash dividend of $0.16 per share.
- Record Date: November 15, 2021.
- Payment Date: November 22, 2021.
- Investor Communication: Management scheduled a conference call for November 2, 2021, at 5:00 p.m. Eastern time to discuss the third-quarter results.
Guidance, Outlook, and Risks
This filing does not contain specific forward-looking guidance, management commentary on operational outlook, or a detailed discussion of risks and contingencies. The document explicitly states that the information is furnished and not "filed" for purposes of Section 18 of the Exchange Act, limiting its legal liability scope. Investors are directed to the attached Press Release for detailed commentary.
Key Facts for Investor Verification
- Verify the specific revenue and earnings per share figures in the attached Press Release (Exhibit 99.1) as they are not listed in this summary text.
- Confirm the ex-dividend date to ensure eligibility for the declared $0.16 per share dividend.
- Review the conference call transcript or recording for management's qualitative assessment of the third-quarter performance and future outlook.
- Check subsequent filings for any updates on the Company's liquidity position or debt levels if not detailed in the referenced press release.