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Dec 31, 2019
Global Industrial Q4 2019 Earnings Report
Systemax's sales increased and operating income improved in Q4 2019.
Key Takeaways
Systemax Inc. reported a 2.1% increase in consolidated sales, reaching $222.2 million in Q4 2019. Consolidated operating income increased by 3.6% to $14.4 million, and on a non-GAAP basis, it increased by 23.6% to $15.2 million. Net income per diluted share from continuing operations decreased by 9.1% to $0.30, while non-GAAP net income per diluted share increased by 15.4% to $0.30.
Consolidated sales increased by 2.1% to $222.2 million.
Consolidated operating income increased by 3.6% to $14.4 million.
Non-GAAP consolidated operating income increased by 23.6% to $15.2 million.
Non-GAAP net income per diluted share from continuing operations increased 15.4% to $0.30.
Forward Guidance
Systemax plans to accelerate its strategy by investing in the growth of its sales force, digital marketing, and product and category expansion. The company anticipates that its expanded distribution network and self-service digital tools will continue to improve efficiency and enhance customer experience. These investments, combined with its continuous improvement culture, will further strengthen its platform, enhance its competitive position and drive its long-term performance.
Positive Outlook
- Grow customer engagement
- Generate operating leverage from current operations and investments
- Delivering higher service levels
- Greater end-to-end transaction transparency to customers
- Invest in the growth of our sales force, digital marketing, and product and category expansion
Historical Earnings Impact
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Avg. Return Before/After Earnings
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