Exhibit 99.1


Picture 3

Wayside Technology Group, Inc. Reports 2016 Fourth Quarter & Full Year Results

and Declares Quarterly Dividend










Q4 2016:


Year 2016:



$120.0 million


$418.1 million

Income from operations:


$2.9 million


$8.6 million

Net income:


$2.0 million


$5.9 million

Diluted earnings per share:


$0.45 per share


$1.31 per share


Dividend declared - $0.17 per share

EATONTOWN, NJ, February 2, 2017

 – Wayside Technology Group, Inc. (NASDAQ: WSTG) today announced financial results for the fourth quarter and year ended December 31, 2016.    The results will be discussed in a conference call to be held on Friday, February 3, 2017 at 10:00 a.m. EST.  The dial-in telephone number is (844) 683-0552 and the pass code is “WSTG.”  This conference call will be webcast by NASDAQ OMX and can be accessed at Wayside Technology’s Web site at www.waysidetechnology.com/site/content/webcasts.

Net income for the quarter ended December 31, 2016 increased 22% to $2.0 million, compared to $1.6 million during same period last year.  Net income for the year ended December 31, 2016 increased 1% to $5.9 million compared to $5.8 million during the prior year.


Diluted earnings per share for the quarter ended December 31, 2016 increased 29% to $0.45, compared to $0.35, for the same period in 2015.  Diluted earnings per share for the year ended December 31, 2016 increased 5% to $1.31, compared to $1.25, for the year ended December 31, 2015.


On February 2, 2017, the Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable February 27, 2017 to shareholders of record on February 16, 2017.


“With a strong fourth quarter finish, 2016 was an exciting and transformational year for Wayside. We continued to grow our company profitably and return value to our shareholders.” said Simon F. Nynens, Chairman and Chief Executive Officer. “Positioned as a leading specialty distributor of software in the dynamic markets of security, virtualization and cloud, we continue to differentiate ourselves by offering the flexible solutions our partners demand in these fast moving markets. We paid dividends for 56 consecutive quarters and bought back a total of approximately 309,000 shares in 2016. We will continue to utilize our capital to maximize our shareholder return in 2017.”


The Company paid $3.2 million in dividends and utilized $5.4 million in stock buybacks during 2016. Stockholders’ equity was $37.6 million at December 31, 2016 compared to $38.7 million at December 31,

The following information was filed by Wayside Technology Group, Inc. (WSTG) on Thursday, February 2, 2017 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-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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