Businessweek

Systemax Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the period, the company's net sales were $880.7 million against $913.2 million a year ago. Operating loss from continuing operations were 8.7 million against income of $10.8 million a year ago. Loss from continuing operations before income taxes was $9.2 million against income of $10.8 million a year ago. Net loss was $6.3 million or $0.17 basic and diluted per share against income of $7.1 million or $0.19 basic and diluted per share a year ago. Non-GAAP operating loss was $0.7 million against income of $14.0 million a year ago. Non-GAAP net income was $0.8 million or $0.02 diluted per share against income of $9.3 million or $0.25 diluted per share a year ago. Consumer sales were $336.9 million, a decrease of 10.7% on a constant currency and same-store basis. Industrial's non-GAAP operating income improved slightly to $8.9 million. This increase reflects improved gross profit performance offset by increased investments in web advertising and on sales representatives. GAAP pretax loss of $9.2 million compares to income of $10.8 million last year.

Systemax Inc., Q1 2013 Earnings Call, Apr 30, 2013

Systemax Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013

Systemax Inc. reported consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net sales of $935.2 million compared with $978.4 million for the same period last year. Operating loss from continuing operations was $46.8 million compared with operating income from continuing operations of $21.1 million for the same period last year. Loss from continuing operations before income taxes was $46.7 million compared with income from continuing operations before income taxes $19.8 million for the same period last year. Loss from continuing operations was $27.0 million compared with income from continuing operations of $14.8 million for the same period last year. Net loss was $27.1 million or $0.73 diluted per share compared with net income of $14.7 million or $0.40 diluted per share for the same period last year. Non-GAAP operating loss was $5.6 million or $0.06 diluted per share compared with Non-GAAP operating income of $22.81 million or $0.43 diluted per share for the same period last year. Adjusted net loss was $2.4 million compared with adjusted net income of $15.8 million for the same period last year. For the full year, the company reported net sales of $3,544.6 million compared with $3,680.6 million for the same period last year. Operating loss from continuing operations was $39.9 million compared with operating income from continuing operations of $80.8 million for the same period last year. Loss from continuing operations before income taxes was $41.6 million compared with income from continuing operations before income taxes $79.0 million for the same period last year. Loss from continuing operations was $8.0 million compared with income from continuing operations of $54.6 million for the same period last year. Net loss was $8.3 million or $0.22 diluted per share compared with net income of $54.4 million or $1.47 diluted per share for the same period last year. Non-GAAP Operating income was $12.0 million or $0.21 diluted per share compared with $78.6 million or $1.43 diluted per share for the same period last year. The GAAP operating loss reflects the aforementioned consolidation of its United States consumer brands and subsequent write off of the intangible assets of CompUSA and Circuit City of approximately $35.3 million, and the Company's exit from the manufacturing business and subsequent write down of the carrying cost of the Company's computer manufacturing facilities, related equipment, and inventory of approximately $4.6 million. Adjusted net income was $7.7 million compared with $53.0 million for the same period last year. The CapEx for the year is a little over $12 million. The company recorded asset impairment of $39.9 million for the quarter ended December 31, 2012.

Systemax Inc., Q4 2012 Earnings Call, Mar 05, 2013