Systemax Reports First Quarter 2021 Financial Results

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Go back to Systemax Reports First Quarter 2021 Financial Results

Systemax, Inc. (SYX) Misses Q1 EPS by 18c

May 4, 2021 5:15 PM EDT

Systemax, Inc. (NYSE: SYX) reported Q1 EPS of $0.14, $0.18 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $251.1 million versus the consensus estimate of $250.7 million.

First Quarter 2021 Financial Summary:

Consolidated sales increased 10.5% to $251.1 million compared to $227.3 million last year.
Consolidated operating income from continuing operations declined 42.6% to $6.6 million compared to $11.5 million last year.
Net income per diluted share from continuing operations decreased 33.3% to $0.14 compared to $0.21 last year.

Barry Litwin, Chief Executive Officer, said, "We had another strong top line performance as first quarter revenue increased 10.5% to $251... More