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Mar 31, 2021
Global Industrial Q1 2021 Earnings Report
Reported sales increased over 10% to $251 million.
Key Takeaways
Systemax Inc. announced first quarter results with a 10.5% increase in consolidated sales to $251.1 million. However, consolidated operating income from continuing operations declined by 42.6% to $6.6 million, and net income per diluted share from continuing operations decreased by 33.3% to $0.14.
Consolidated sales increased 10.5% to $251.1 million.
Operating income from continuing operations declined 42.6% to $6.6 million.
Net income per diluted share from continuing operations decreased 33.3% to $0.14.
The Board of Directors declared a cash dividend of $0.16 per share.
Forward Guidance
The company anticipates many of the negative drivers of first quarter margin performance are temporary and will ease as we move through the summer. The company anticipates continuing a regular quarterly dividend in the future.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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