Systemax, Inc. (SYX) Tops Q4 EPS by 5c; New CEO Elected

Systemax, Inc. (NYSE: SYX) reported Q4 EPS of $0.01, $0.05 better than the analyst estimate of ($0.04). Revenue for the quarter came in at $465.3 million versus the consensus estimate of $705.6 million.

Additionally, the Company today announced that its Board of Directors has approved an executive management succession plan. Effective March 10, 2016, Larry Reinhold will assume the role as the Company's President and Chief Executive Officer. He will continue to serve as the Company's Chief Financial Officer on an interim basis. In this expanded role, he will assume overall responsibility for the Company's operations, including all lines of business and functional groups. Richard Leeds will assume the role of Executive Chairman, helping guide the Company's long-term strategic direction and the development of new products and services. Robert Leeds and Bruce Leeds will continue to serve as Vice Chairmen.

For earnings history and earnings-related data on Systemax, Inc. (SYX) click here.

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