Exhibit 99.1
 
systemaxlogoa07.jpg

SYSTEMAX REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS

-Sales Increase 9.4% Over Prior Year to $232.2 Million-
-Operating Income Grows 19% to $13.2 Million; Adjusted Operating Income Grows 27% to $14.9 Million-
- Board Declares $0.12 Dividend -


PORT WASHINGTON, NY, April 30, 2019 – Systemax Inc. (NYSE: SYX)
today announced financial results for the first quarter ended March 31, 2019.
Performance Summary*
(U.S. dollars in millions, except per share data)
Highlights
Quarter Ended
March 31,
GAAP Results**
2019
2018
Net sales
$
232.2

$
212.2

Gross profit
$
80.3

$
72.5

Gross margin
34.6
%
34.2
%
Operating income
$
13.2

$
11.1

Operating margin
5.7
%
5.2
%
Net income from continuing operations
$
10.0

$
8.7

Net income per diluted share from continuing operations
$
0.26

$
0.23

Net income (loss) from discontinued operations
$
(0.3
)
$
5.9

Net income (loss) per diluted share from discontinued operations
$
(0.01
)
$
0.15

Non-GAAP Results**
 

 

Operating income
$
14.9

$
11.7

Operating margin
6.4
%
5.5
%
Net income from continuing operations
$
11.0

$
8.6

Net income per diluted share from continuing operations
$
0.29

$
0.23


First Quarter 2019 Financial Summary:

Consolidated sales increased 9.4% to $232.2 million in U.S. dollars.  On a constant currency basis, average daily sales increased 9.6%.
Consolidated operating income grew 18.9% to $13.2 million compared to $11.1 million last year on a GAAP basis. On a Non-GAAP basis, consolidated operating income grew 27.4% to $14.9 million.
Net income per diluted share from continuing operations grew 13.0% to $0.26. Non-GAAP net income per diluted share from continuing operations grew 26.1% to $0.29.


The following information was filed by Systemax Inc (SYX) on Tuesday, April 30, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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