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Last $6.87 USD
Change Today +0.05 / 0.73%
Volume 5.9K
SYX On Other Exchanges
New York
As of 1:14 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

systemax inc (SYX) Snapshot

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11/6/14 - $16.22
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07/30/15 - $6.80
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systemax inc (SYX) Details

Systemax Inc. operates as a direct marketer of brand name and private label products. The company operates in two segments, Technology Products and Industrial Products. The Technology Products segment sells computers, computer supplies, and consumer electronics in North America, Puerto Rico, and Europe. This segment offers computing products, such as laptops, desktops, and tablets; computer components and accessories; commercial and home networking products; software; and TV and video, audio, camera and surveillance, and GPS products, as well as cell phones, video games and toys, and home and electronics accessories. The Industrial Products segment sells a range of industrial products and supplies in North America and Mexico. This segment provides products in various categories, such as material handling, storage and shelving, workbench and shop desks, packaging and supplies, furniture and office, foodservice and appliances, janitorial and maintenance, tools and instruments, fasteners and hardware, motors and power transmission, HVAC/R and fans, electrical and bulbs, plumbing supplies, and safety and medical items. The company offers its products through its relationship marketers, catalog mailings, proprietary Internet Websites, and retail stores. Systemax Inc. serves business customers comprising for-profit businesses, educational organizations, and government entities, as well as individual consumers. Its portfolio of catalogs comprises various brand names, such as, Misco, Global Industrial, Nexel, and Inmac WStore. The company also supplies business-to-business IT products and services in Netherlands. Systemax Inc. was founded in 1949 and is headquartered in Port Washington, New York.

5,300 Employees
Last Reported Date: 03/13/15
Founded in 1949

systemax inc (SYX) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $701.0K
Chief Financial Officer and Director
Total Annual Compensation: $660.0K
Vice Chairman, Member of Executive Committee ...
Total Annual Compensation: $577.0K
President of Industrial Products Group
Total Annual Compensation: $450.0K
Senior Vice President and General Counsel
Total Annual Compensation: $702.0K
Compensation as of Fiscal Year 2014.

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


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