Systemax Reports Third Quarter 2018 Financial Results

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Go back to Systemax Reports Third Quarter 2018 Financial Results

Systemax, Inc. (SYX) Tops Q3 EPS by 5c, Revenues Beat

October 30, 2018 4:31 PM EDT

Systemax, Inc. (NYSE: SYX) reported Q3 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $235.8 million versus the consensus estimate of $230.97 million.

Third Quarter 2018 Financial Summary:

Consolidated sales increased 15.4% to $235.8 million in U.S. dollars. On a constant currency basis, average daily sales increased 15.6%.Consolidated operating income grew 47.2% to $18.4 million compared to $12.5 million last year on a GAAP basis. On a Non-GAAP basis, consolidated operating income grew 45.2% to $19.6 million.Net income per diluted share from continuing operations grew 33.3% to $0.40. Non-GAAP net income per... More