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Jun 30, 2020
Global Industrial Q2 2020 Earnings Report
Reported a decrease in sales but an increase in operating income.
Key Takeaways
Systemax Inc. reported a decrease in sales by 2.6% to $242.1 million, but saw an increase in operating income by 0.5% to $20.1 million. Sales trends improved throughout the quarter, with growth accelerating in May and June. The company's Board of Directors declared a cash dividend of $0.14 per share.
Consolidated sales decreased 2.6% to $242.1 million.
Operating income grew 0.5% to $20.1 million.
Net income per diluted share from continuing operations increased 2.6% to $0.40.
Board declared a cash dividend of $0.14 per share.
Forward Guidance
The economic environment remains challenging, but the company is seeing a number of opportunities and will continue to make strategic investments to strengthen its position for the future. The company is well positioned with a strong balance sheet and maintain significant financial flexibility.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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