Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $10.68 USD
Change Today -0.28 / -2.55%
Volume 17.6K
SYX On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

systemax inc (SYX) Snapshot

Open
$10.66
Previous Close
$10.96
Day High
$11.08
Day Low
$10.53
52 Week High
04/29/14 - $18.86
52 Week Low
03/6/15 - $10.17
Market Cap
393.2M
Average Volume 10 Days
22.5K
EPS TTM
$-0.59
Shares Outstanding
36.8M
EX-Date
12/10/12
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SYSTEMAX INC (SYX)

systemax inc (SYX) Related Businessweek News

View More BusinessWeek News

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 TigerDirect.com, 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: $670.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $632.0K
Vice Chairman, Member of Executive Committee ...
Total Annual Compensation: $554.0K
President of Global Industrial Business
Total Annual Compensation: $415.0K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $516.0K
Compensation as of Fiscal Year 2013.

systemax inc (SYX) Key Developments

Systemax Inc. Plans to Exit Stores and Focus on Online Sales

Systemax Inc. announced that it plans to exit its brick-and-mortar electronics business and focus exclusively on selling online and directly to businesses. The move, announced along with the company's fourth-quarter earnings, will include closing a distribution center and 31 of its 34 stores. The company will also lay off an unspecified number of workers. The decision to largely shutter its consumer business comes a week after two brothers who once ran Systemax's retail operation in Miami were sentenced on bribery charges. Last month, Systemax disclosed in a regulatory filing that the company's internal controls and bookkeeping were the subject of an ongoing grand jury probe by the U.S. attorney's office in Miami.

Systemax Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year of 2015

Systemax Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net sales of $912.9 million compared to $874.2 million a year ago. Operating loss was $16.5 million compared to $1.3 million a year ago. Loss before income taxes was $17.4 million compared to $2.3 million a year ago. Net loss was $25.5 million compared to $19.8 million a year ago. Basic and diluted net loss per share was $0.69 compared to $0.54 a year ago. Non-GAAP operating loss was $1.4 million compared to Non-GAAP operating income of $5.9 million a year ago. Non-GAAP net loss was $1.5 million compared to Non-GAAP net income of $3.2 million a year ago. Non-GAAP diluted net loss per share was $0.04 compared to Non-GAAP diluted net income per share was $0.09 a year ago. Cash provided from operations was $37.3 million. Consolidated sales performance was led by strong growth in Industrial Products Group and supported by solid performance from B2B North America and EMEA technology businesses, which was partially offset by softness in consumer and retail. For the full year, the company reported net sales of $3,442.8 million compared to $3,352.3 million a year ago. Operating loss was $25.9 million compared to $20.6 million a year ago. Loss before income taxes was $32.6 million compared to $21.8 million a year ago. Net loss was $37.5 million compared to $43.8 million a year ago. Basic and diluted net loss per share was $1.01 compared to $1.18 a year ago. Non-GAAP operating income was $2.7 million compared to $5.9 million a year ago. Non-GAAP net loss was $2.6 million compared to Non-GAAP net income of $3.1 million a year ago. Non-GAAP diluted net loss per share was $0.07 compared to Non-GAAP diluted net income per share of $0.08 a year ago. For the quarter, the company recorded a non-cash charge of $10.0 million from impairment testing of long lived and other intangible assets in accordance with applicable financial accounting requirements. In regards to planned exit of retail business and the restructuring of North American tech operations, the company expects onetime exit and severance costs will aggregate between $50 million and $55 million. This charge will be incurred for financial reporting purposes during first quarter and second quarter of 2015, and the company expects its cash flow will be incurred over the remainder of 2015 and in subsequent years. After completion of these actions, the company expects to realize improved operating results of between $18 million and $22 million annually.

Systemax Inc. to Report Q4, 2014 Results on Mar 10, 2015

Systemax Inc. announced that they will report Q4, 2014 results at 5:45 PM, US Eastern Standard Time on Mar 10, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SYX:US $10.68 USD -0.28

SYX Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bechtle AG €66.61 EUR +0.90
CANCOM SE €38.28 EUR +0.225
Computacenter PLC 686.50 GBp -3.50
Insight Enterprises Inc $28.68 USD +0.01
Lenovo Group Ltd $13.26 HKD +0.18
View Industry Companies
 

Industry Analysis

SYX

Industry Average

Valuation SYX Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.1x
Price/Book 1.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.1x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SYSTEMAX INC, please visit www.systemax.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.