Systemax Inc. (NYSE:SYX)

WEB NEWS

Wednesday, August 2, 2017

Comments & Business Outlook

SYX ($19.10) - Reported Q2 results this morning:

  • Consolidated sales increased 5.1% to $313.0 million in U.S. dollars.  On a constant currency basis, average daily sales increased 8.4%.

  • Industrial Products Group ("IPG") sales grew 11.5% to $202.7 million in U.S. dollars. On a constant currency basis, average daily sales increased 11.7%.

  • European Technology Products Group ("ETG"), comprising France and the divested German Operations, sales decreased 4.1% to $110.3 million in U.S. dollars. On a constant currency basis, average daily sales increased 3.3%.

  • Consolidated operating income was $21.7 million compared to $5.4 million last year.

  • Net income per diluted share from continuing operations was $0.52.

You can read the company’s comprehensive results in this morning’s press release.