Systemax Inc. (NYSE:SYX) Files An 8-K Results of Operations and Financial Condition

Systemax Inc. (NYSE:SYX) Files An 8-K Results of Operations and Financial Condition
Item 2.02

Story continues below

Results of Operations and Financial Condition

On February 27, 2018, Systemax Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2017 (the “Press Release”). The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.

On February 27, 2018 at 5:00 p.m. Eastern Time, management will provide pre-recorded remarks on the Company’s financial results for the fourth quarter and full year ended December 31, 2017.

The Press Release also announced the declaration of a quarterly cash dividend of $0.11 per share payable on March 16, 2018 to stockholders of record on March 9, 2018.

The information in this Current Report on Form 8-K and the Exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.

Item 9.01.

Financial Statements and Exhibits.

The following exhibit relating to Items 2.02 and 8.01 shall be deemed to be furnished, and not filed:

Exhibit

Number

Description

99.1

Press Release of Systemax Inc., dated February 27, 2018.


SYSTEMAX INC Exhibit
EX-99.1 2 systemaxform99102272018.htm EXHIBIT 99.1 Exhibit Exhibit 99.1  SYSTEMAX REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS-Industrial Generates Record Annual Revenue of $792 Million; Doubles Operating Profit in 2017–France Delivers Fourth Consecutive Year of Double Digit Organic Revenue Growth and Strong Profitability in 2017–Systemax Board Increases Quarterly Dividend to $0.11-PORT WASHINGTON,…
To view the full exhibit click here

About Systemax Inc. (NYSE:SYX)

Systemax Inc. is a direct marketer of brand name and private label products. The Company’s segments include Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). IPG sells a range of maintenance, repair and operations (MRO) products, which are marketed in North America. The Company offers a range of products that are manufactured for its own design and marketed under the brands: Global, GlobalIndustrial.com, Nexel Relius, Relius Elite and Hercules. Its EMEA segment primarily sells information and communications technology (ICT) and consumer electronics (CE) products. These products are marketed in Europe and are manufactured by other companies. MRO products offered by its IPG segment include electrical and bulbs, fasteners and hardware, storage and shelving, and tools and instruments. ICT products offered by its EMEA segment include computer components and accessories, and software. CE products include audio and cell phones.

An ad to help with our costs