# EDGAR Filing Document

**Accession Number:** 0000945114
**File Stem:** 0001628280-25-046807
**Filing Date:** 2025-10
**Character Count:** 21968
**Document Hash:** 4514a77513d5394154292011aa133f23
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001628280-25-046807.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0001628280-25-046807

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20251028

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GLOBAL INDUSTRIAL Co
- **CENTRAL INDEX KEY:** 0000945114
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 113262067
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13792
- **FILM NUMBER:** 251425433

**BUSINESS ADDRESS:**
- **STREET 1:** 11 HARBOR PARK DRIVE
- **CITY:** PORT WASHINGTON
- **STATE:** NY
- **ZIP:** 11050
- **BUSINESS PHONE:** 5166087000

**MAIL ADDRESS:**
- **STREET 1:** 11 HARBOR PARK DRIVE
- **CITY:** PORT WASHINGTON
- **STATE:** NY
- **ZIP:** 11050

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SYSTEMAX INC
- **DATE OF NAME CHANGE:** 19990622

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GLOBAL DIRECTMAIL CORP
- **DATE OF NAME CHANGE:** 19950509

?xml version='1.0' encoding='ASCII'? gic-20251028

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): October 28, 2025

---

| |
|:---|
| **Global Industrial Company** |
| (Exact Name of Registrant as Specified in its Charter) |

---

---

| | | |
|:---|:---|:---|
| **Delaware** | **1-13792** | **11-3262067** |
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
| **11 Harbor Park Drive, Port Washington, New York** | **11 Harbor Park Drive, Port Washington, New York** | **11050** |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(516) 608-7000**

---

| |
|:---|
| **N.A.** |
| (Former Name or Former Address, if Changed Since Last Report) |

---

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions (*see* General Instruction A.2 below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CRF 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br> Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock ($.01 par value) | GIC | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ☐

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition** |

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On October 28, 2025 Global Industrial Company (the "Company") issued a press release announcing its financial results for the third quarter ended September 30, 2025 (the "Press Release"). The Press Release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On October 28, 2025 at 5:00 p.m. Eastern time, management will host a conference call to discuss the Company's financial results for the third quarter ended September 30, 2025.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure** |

---

The Press Release also announced the declaration of a cash dividend of $0.26 per share payable to common stock shareholders of record at the close of business on November 10, 2025, payable on November 17, 2025.

The information furnished in Item 7.01 of this Current Report on Form 8-K including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that Section and shall not be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, unless specifically identified therein as being incorporated by reference.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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Exhibit Index

<u>[99.1](gicform99109302025.htm)</u> Press Release of Global Industrial Company, dated October 28, 2025. <br> 104 Cover Page Interactive Data File (formatted as Inline XBRL).

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **GLOBAL INDUSTRIAL COMPANY** | **GLOBAL INDUSTRIAL COMPANY** |
| Date: October 28, 2025 |  |  |
|  | By: | <u>/s/ Thomas Axmacher</u> |
|  |  | Name: Thomas Axmacher |
|  |  | Title: Vice President and Controller |

---

## Exhibit 99.1

**Exhibit 99.1**

![globalindustriallogorgb.jpg](globalindustriallogorgb.jpg)

**GLOBAL INDUSTRIAL COMPANY REPORTS THIRD QUARTER 2025 FINANCIAL RESULTS**

**Sales of $353.6 Million; Increased 3.3%**

**Operating Income Increased 18.5% to $26.3 Million; Operating Margin 7.4%** 

**Board Declared $0.26 Dividend**

**PORT WASHINGTON, NY, October 28, 2025 – Global Industrial Company (NYSE: GIC)**, a value-added distributor and source for industrial equipment and supplies today announced financial results for the third quarter ended September 30, 2025.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) | **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) | **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) | **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) | **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) | **<u>Performance Summary\*</u>**<br>(U.S. dollars in millions, except per share data) |
| **Highlights** | **Highlights** | **Quarter Ended<br>September 30,** | **Quarter Ended<br>September 30,** | **Nine Months Ended<br> September 30,** | **Nine Months Ended<br> September 30,** |
|  |  | **2025** | **2024** | **2025** | **2024** |
| Net sales | Net sales | $353.6 | $342.4 | $1033.5 | $1013.6 |
| Gross profit | Gross profit | $126.0 | $116.3 | $371.1 | $349.7 |
| Gross margin | Gross margin | 35.6% | 34.0% | 35.9% | 34.5% |
| Operating income from continuing operations | Operating income from continuing operations | $26.3 | $22.2 | $78.0 | $66.0 |
| Operating margin | Operating margin | 7.4% | 6.5% | 7.5% | 6.5% |
| **Net income from continuing operations** | **Net income from continuing operations** | $**18.8** | $**16.8** | $**57.4** | $**50.1** |
| **Net income per diluted share from continuing operations** | **Net income per diluted share from continuing operations** | $**0.48** | $**0.44** | $**1.48** | $**1.30** |
| Net income from discontinued operations | Net income from discontinued operations | $0.0 | $0.0 | $0.1 | $0.2 |
| Net income per diluted share from discontinued operations | Net income per diluted share from discontinued operations | $0.00 | $0.00 | $0.00 | $0.01 |
| \* | *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended September 27, 2025 and September 28, 2024, respectively. The third quarters of both 2025 and 2024 included 13 weeks and the first nine months of both 2025 and 2024 included 39 weeks.* | *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended September 27, 2025 and September 28, 2024, respectively. The third quarters of both 2025 and 2024 included 13 weeks and the first nine months of both 2025 and 2024 included 39 weeks.* | *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended September 27, 2025 and September 28, 2024, respectively. The third quarters of both 2025 and 2024 included 13 weeks and the first nine months of both 2025 and 2024 included 39 weeks.* | *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended September 27, 2025 and September 28, 2024, respectively. The third quarters of both 2025 and 2024 included 13 weeks and the first nine months of both 2025 and 2024 included 39 weeks.* | *Global Industrial Company manages its business and reports using a 52-53 week fiscal year that ends at midnight on the Saturday closest to December 31. For clarity of presentation, fiscal years and quarters are described as if they ended on the last day of the respective calendar month. The actual fiscal quarters ended September 27, 2025 and September 28, 2024, respectively. The third quarters of both 2025 and 2024 included 13 weeks and the first nine months of both 2025 and 2024 included 39 weeks.* |

---

------

**Third Quarter 2025 Financial Summary:**

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated sales increased 3.3% to $353.6 million compared to $342.4 million last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated gross margin increased to 35.6% compared to 34.0% last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated operating income from continuing operations increased 18.5% to $26.3 million compared to $22.2 million last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Net income per diluted share from continuing operations increased 9.1% to $0.48 compared to $0.44 last year.

**Year to Date Q3 2025 Financial Summary:**

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated sales increased 2.0% to $1.03 billion compared to $1.01 billion last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated gross margin increased to 35.9% compared to 34.5% last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Consolidated operating income from continuing operations increased 18.2% to $78.0 million compared to $66.0 million last year.

&nbsp;&nbsp;&nbsp;&nbsp;• Net income per diluted share from continuing operations increased 13.8% to $1.48 compared to $1.30 last year.

Anesa Chaibi, Chief Executive Officer, said, "We delivered our second consecutive quarter of revenue growth and strong profitability, reflecting solid execution and proactive management of the business. Revenue increased 3.3% to $353.6 million and performance was once again driven by our largest strategic accounts, where we are seeing good momentum and progress. Gross margin was 35.6% for the third quarter, an increase of 160 basis points over the third quarter of 2024. Operating income improved 18.5%, and we also had strong cash flow generation in the quarter."

"We are advancing the transformation of our business model and elevating the placement of the customer at the center of everything we do. This includes the reframing of our go-to-market strategy to take a more intentional approach to attracting customers, expanding the solutions and products we offer, and enhancing our ability to serve customers. Executing on these initiatives will better position the business to grow, capitalize on new opportunities, and broaden the total addressable market we actively pursue."

As of September 30, 2025, the Company had total working capital of $219.5 million, cash and cash equivalents of $67.2 million, and excess availability under its credit facility of approximately $120.5 million. Operating cash flow provided by continuing operations in the quarter was $22.6 million. The Company's Board of Directors has declared a cash dividend of $0.26 per share to common stock shareholders of record at the close of business on November 10, 2025, payable on November 17, 2025.

**Earnings Conference Call Details**

Global Industrial Company will host a conference call and question and answer session on its third quarter 2025 results today, October 28, 2025 at 5:00 p.m. Eastern Time. A live webcast of the call will be available on the Company's website at https://investors.globalindustrial.com in the events section. The webcast will also be archived on the website for approximately 90 days.

**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 Brands<sup>TM</sup>, and nationally known brands to provide customers with a breadth of offerings to meet their needs. At Global Industrial, "We Can Supply That<sup>®</sup>".

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**Forward-Looking Statements**<br> *This press release contains forward-looking statements within the meaning of that term in the Private Securities Litigation Reform Act of 1995 (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). Additional written or oral forward-looking statements may be made by the Company from time to time in filings with the Securities and Exchange Commission or otherwise. Any such statements that are not historical facts are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management's estimates, assumptions and projections and are not guarantees of future performance. When used in this release, the words "anticipates," "believes," "estimates," "expects," "intends," and "plans" and variations thereof and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this report are based on the Company's beliefs and expectations as of the date of this report and are subject to risks and uncertainties which may have a significant impact on the Company's business, operating results or financial condition. Investors are cautioned that these forward-looking statements are inherently uncertain and undue reliance should not be placed on them. Important risk factors that may affect our future results of operations and financial condition are detailed from time to time in our Securities and Exchange Commission filings. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events, except as may be required by applicable law.*

**Investor/Media Contacts:**<br> Mike Smargiassi / Collin Dreizen<br>The Plunkett Group<br>212-739-6729<br>mike@theplunkettgroup.com / collin@theplunkettgroup.com

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***GLOBAL INDUSTRIAL COMPANY***

**Condensed Consolidated Statements of Operations – Unaudited**

(In millions, except per share amounts)

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Quarter Ended<br>September 30,** | **Quarter Ended<br>September 30,** | **Nine Months Ended<br>September 30,** | **Nine Months Ended<br>September 30,** |
| | **2025** | **2024** | **2025** | **2024** |
| Net sales | $353.6 | $342.4 | $1033.5 | $1013.6 |
| Cost of sales | 227.6 | 226.1 | 662.4 | 663.9 |
| Gross profit | 126.0 | 116.3 | 371.1 | 349.7 |
| *Gross margin* | *35.6 %* | *34.0 %* | *35.9 %* | *34.5 %* |
| Selling, distribution and administrative expenses | 99.7 | 94.1 | 293.1 | 283.7 |
| Operating income from continuing operations | 26.3 | 22.2 | 78.0 | 66.0 |
| *Operating margin* | *7.4 %* | *6.5 %* | *7.5 %* | *6.5 %* |
| Interest and other expense, net | 0.2 | 0.0 | 0.0 | 0.3 |
| Income from continuing operations before income taxes | 26.1 | 22.2 | 78.0 | 65.7 |
| Provision for income taxes | 7.3 | 5.4 | 20.6 | 15.6 |
| Net income from continuing operations | 18.8 | 16.8 | 57.4 | 50.1 |
| Net income from discontinued operations | 0.0 | 0.0 | 0.1 | 0.2 |
| Net income | $18.8 | $16.8 | $57.5 | $50.3 |
| Net income per common share from continuing operations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.48 | $0.44 | $1.48 | $1.30 |
| &nbsp;&nbsp;&nbsp;Diluted | $0.48 | $0.44 | $1.48 | $1.30 |
| Net income per common share from discontinued operations: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.00 | $0.00 | $0.00 | $0.01 |
| &nbsp;&nbsp;&nbsp;Diluted | $0.00 | $0.00 | $0.00 | $0.01 |
| Net income per common share: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | $0.48 | $0.44 | $1.48 | $1.31 |
| &nbsp;&nbsp;&nbsp;Diluted | $0.48 | $0.44 | $1.48 | $1.31 |
| Weighted average common and common equivalent shares: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Basic | 38.4 | 38.3 | 38.4 | 38.2 |
| &nbsp;&nbsp;&nbsp;Diluted | 38.5 | 38.4 | 38.4 | 38.4 |

---

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***GLOBAL INDUSTRIAL COMPANY***

**Condensed Consolidated Balance Sheets – Unaudited**

(In millions)

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| | | |
|:---|:---|:---|
| | **September 30,** | **December 31,** |
| | **2025** | **2024** |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $67.2 | $44.6 |
| &nbsp;&nbsp;&nbsp;Accounts receivable, net | 149.1 | 126.5 |
| &nbsp;&nbsp;&nbsp;Inventories | 174.6 | 167.1 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 13.3 | 14.4 |
| Total current assets | 404.2 | 352.6 |
| Property, plant and equipment, net | 18.8 | 19.1 |
| Operating lease right-of-use assets | 103.7 | 72.7 |
| Goodwill and intangibles | 65.1 | 65.7 |
| Other assets | 10.7 | 10.6 |
| Total assets | $602.5 | $520.7 |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $169.8 | $154.3 |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 14.9 | 14.1 |
| Total current liabilities | 184.7 | 168.4 |
| Operating lease liabilities | 100.1 | 69.0 |
| Other liabilities | 1.7 | 2.2 |
| Shareholders' equity | 316.0 | 281.1 |
| Total liabilities and shareholders' equity | $602.5 | $520.7 |

---

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***GLOBAL INDUSTRIAL COMPANY***

**Condensed Consolidated Statements of Cash Flows - Unaudited**

(In millions)

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| | | |
|:---|:---|:---|
| | **Nine Months Ended<br>September 30,** | **Nine Months Ended<br>September 30,** |
| | **2025** | **2024** |
| CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Net income from continuing operations | $57.4 | $50.1 |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net income from continuing operations to net cash provided by (used in) operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 5.8 | 5.8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 5.9 | 1.1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Benefit from deferred taxes | 0.0 | (0.1) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in working capital | (12.1) | (24.2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other, net | 0.7 | 1.9 |
| &nbsp;&nbsp;&nbsp;Net cash provided by operating activities from continuing operations | 57.7 | 34.6 |
| &nbsp;&nbsp;&nbsp;Net cash provided by operating activities from discontinued operations | 0.1 | 0.2 |
| &nbsp;&nbsp;&nbsp;Net cash provided by operating activities | 57.8 | 34.8 |
| CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Purchases of property, plant and equipment | (2.3) | (3.1) |
| &nbsp;&nbsp;&nbsp;Acquisition | (4.0) | 0.0 |
| &nbsp;&nbsp;&nbsp;Net cash used in investing activities | (6.3) | (3.1) |
| CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |
| &nbsp;&nbsp;&nbsp;Dividends paid | (30.2) | (28.8) |
| &nbsp;&nbsp;&nbsp;Stock-based compensation share issuances, net | 1.5 | 1.7 |
| &nbsp;&nbsp;&nbsp;Net cash used in financing activities | (28.7) | (27.1) |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH | (0.2) | (0.1) |
| NET INCREASE IN CASH | 22.6 | 4.5 |
| CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD | 44.6 | 34.4 |
| CASH AND CASH EQUIVALENTS – END OF PERIOD | $67.2 | $38.9 |

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