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Last $8.77 USD
Change Today -0.22 / -2.45%
Volume 32.3K
SYX On Other Exchanges
New York
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

systemax inc (SYX) Key Developments

Systemax Inc. Announces Executive Changes

Systemax Inc. announced that the employment of Perminder Dale as Chief Executive of the European Technology Products Group of the company terminated on June 19, 2015. Pursuant to the terms of his settlement agreement with Misco UK Limited dated June 19, 2015. The company appointed Simon Taylor as President of its European Technology Products Group, effective July 1, 2015. For the past 14 years Mr. Taylor has served as Senior Vice President Operations - Europe for Insight Enterprises, an IT solutions provider. While at Insight he led all services and operations across Europe, including services sales, consulting and delivery; product management; purchasing; distribution; logistics; client services; technical services; quality management; business improvement; IT systems; and facilities.

Systemax Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for 2015

Systemax Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of USD 785.8 million compared to USD 873.4 million a year ago. Operating loss was USD 19.5 million compared to USD 1.3 million a year ago. Loss before income taxes was USD 26.9 million compared to USD 2.1 million a year ago. Net loss was USD 28.6 million compared to USD 3.0 million a year ago. Basic and diluted loss per share were USD 0.77 compared to USD 0.08 a year ago. Non-GAAP operating loss was USD 8.2 million compared to non GAAP operating income of USD 2.6 million a year ago. Non-GAAP net loss was USD 10.1 million or USD 0.27 per diluted share compared to non GAAP net income of USD 1.2 million or USD 0.03 per diluted share a year ago. The company continued to expect total one time exit and severance costs will aggregate between USD 50 million and USD 55 million and expects to realize improved annual profitability of between USD 18 million and USD 22 million on a pre-tax basis.

Systemax Inc. to Report Q1, 2015 Results on May 05, 2015

Systemax Inc. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on May 05, 2015

Systemax Inc., Q1 2015 Earnings Call, May 05, 2015

Systemax Inc., Q1 2015 Earnings Call, May 05, 2015

Systemax Inc., Annual General Meeting, Jun 08, 2015

Systemax Inc., Annual General Meeting, Jun 08, 2015., at 12:00 US Eastern Standard Time. Location: 11 Harbor Park Drive. Agenda: To elect the Company's Board of Directors; to consider and vote upon a proposal to ratify the appointment of Ernst & Young LLP as the Company's independent registered public accountants for fiscal year 2015; and to transact such other business as may properly come before the meeting and any and all adjournments or postponements thereof.


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