Systemax Reports Record Third Quarter EPS of $.23

by Benzinga Staff

November 9, 2010 4:13 PM | 1 min read |

Systemax Inc. SYX today announced financial results for the third quarter and nine months ended September 30, 2010

Consolidated sales grew 14% to a record $862.7 million in U.S. dollars. On a constant currency basis and excluding WStore, sales grew 11%.
Business to business channel sales grew 24% to $435.2 million in U.S. dollars. On a constant currency basis and excluding WStore, sales grew 18%.
Consumer channel sales increased 6% to $427.5 million in U.S. dollars. On a constant currency basis and excluding WStore, sales grew 5%.
“Same store” business to business channel sales grew 18%, while same store consumer channel sales grew 4%.
One-time charges were $2.9 million, or approximately $0.05 per diluted share after tax, for costs related to the integration of the WStore acquisition.
Diluted earnings per share (EPS) were $0.23.