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Recap: Systemax Q3 Earnings

Benzinga Insights
·1 min read

Shares of Systemax (NYSE:SYX) rose 3.5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 77.78% year over year to $0.64, which beat the estimate of $0.40.

Revenue of $285,700,000 rose by 17.14% from the same period last year, which beat the estimate of $259,750,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Oct 27, 2020

View more earnings on SYX

Time: 05:00 PM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/syx/mediaframe/41050/indexr.html

Technicals

Company's 52-week high was at $26.57

Company's 52-week low was at $14.00

Price action over last quarter: Up 12.27%

Company Profile

Systemax Inc is a United States based company which acts as a direct marketer of brand name and private label products, industrial and business equipment and supplies in North America going to market through a system of branded e-commerce websites and relationship marketers. The company's operations are organized through the segment of Industrial Products Group which focuses on industrial supplies and MRO (maintenance, repair and operations). Geographically, the company sells its products in the US, Germany and Other North America regions, of which a majority of the revenue is derived from the sales made in the United States. The company markets its products under the trademarks such as GlobalIndustrial.com, Nexel, Paramount and Interion.

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