Financial Data and Key Metrics Changes - In 2019, the company generated nearly $950 million in revenue, with an operating income of $66 million and strong cash flow generation of $63 million from continuing operations [6][24] - For Q4 2019, revenue increased by 2% year-over-year, with non-GAAP operating income expanding by 23% [7][21] - Gross profit for Q4 was $75 million, up from $73 million the previous year, with a gross margin of 33.8%, an increase of 30 basis points [17][21] Business Line Data and Key Metrics Changes - Revenue in the fourth quarter was approximately $222 million, with U.S. growth of 1.9% and Canadian growth of 5.4% in local currency [16][17] - Key product categories showed mixed results, with strength in safety, packaging, and janitorial products, while heating products experienced significant softness due to mild winter weather [17][19] Market Data and Key Metrics Changes - The company maintained the same number of selling days in Q4 2019 compared to the previous year, which contributed to the revenue growth [16] - The company is monitoring the impact of the coronavirus situation in China but has not experienced any material disruptions to date [19] Company Strategy and Development Direction - The company is focused on a customer-centric strategy and has prioritized initiatives in six core areas, including enhancing customer experience and pursuing potential acquisitions [8][9][12] - Plans for 2020 include investing in sales growth, expanding product offerings, and improving customer service delivery [12][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the customer-focused strategy and its relevance, indicating that the company will continue to invest in growth despite short-term softness [15][21] - The company aims to achieve a 100% customer promise date delivery on orders and enhance digital self-service tools [14] Other Important Information - The company reported a strong balance sheet with a current ratio of 1.9:1, approximately $97.2 million in cash, and no borrowings [23][24] - The Board of Directors increased the quarterly dividend to $0.14 per share, a 17% increase, and announced a special cash dividend of $1 per share [24] Summary of Q&A Session - No live Q&A session was hosted during the call, and participants were directed to contact The Plunkett Group or Systemax for any questions regarding the results [2][26]

Systemax Inc. (SYX) Q3 2019 Earnings Conference Call October 29, 2019 5:00 PM ET Company Participants Mike Smargiassi - The Plunkett Group Barry Litwin - CEO Tex Clark - VP and CFO Conference Call Participants Operator Operator Good afternoon, ladies and gentlemen, and welcome to Systemax Incorporated Third Quarter 2019 Earnings Call. At this time, I would like to turn the call over to Mike Smargiassi of The Plunkett Group. Please go ahead. Mike Smargiassi Thank you, and welcome to the Systemax third quarte ...

Systemax Inc. (SYX) Q2 2019 Results Conference Call July 30, 2019 5:00 PM ET Company Participants Mike Smargiassi - The Plunkett Group Barry Litwin - Chief Executive Officer Tex Clark - Vice President and Chief Financial Officer Operator Good afternoon, ladies and gentlemen, and welcome to Systemax Incorporated's Second Quarter 2019 Earnings Call. At this time, I would like to turn the call over to Mike Smargiassi of The Plunkett Group. Please go ahead. Mike Smargiassi Thank you, and welcome to the Systemax ...

Financial Data and Key Metrics Changes - Revenue for Q1 2019 reached $232 million, reflecting a 9.4% increase on a GAAP basis and a 9.6% increase on an average daily sales constant-currency basis compared to Q1 2018 [16][21] - Operating income improved by 19%, with non-GAAP operating income showing a 27% increase, reaching $14.9 million [6][21] - Gross profit increased to $80.3 million, with a gross margin of 34.6%, an expansion of 40 basis points from the prior year [18] Business Line Data and Key Metrics Changes - Revenue growth was broad-based across product categories, particularly driven by newer product lines and managed sales channels [17] - Selling, distribution, and administrative expenses were $67.1 million, or 28.9% of sales, with improvements in efficiency noted [19] Market Data and Key Metrics Changes - U.S. revenue grew by 9.3%, while Canada experienced over 17% revenue growth in local currency, marking its ninth consecutive quarter of strong double-digit gains [16] Company Strategy and Development Direction - The company outlined a multi-year roadmap focusing on six core areas, including customer experience, innovative products, operational excellence, and potential acquisitions [7] - Plans to expand distribution capabilities with a new facility in the Greater Dallas area to enhance shipping performance and service levels [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improvements in customer experience and operational efficiencies, which are expected to drive long-term performance [13] - The company anticipates short-term costs related to the new distribution center but believes it will lead to improved labor efficiency and lower freight costs in the long run [20] Other Important Information - The company has a strong balance sheet with a current ratio of 1.7 to 1, approximately $70 million in cash, and no borrowings [23] - A quarterly dividend of $0.12 per share was declared, with expectations for continued regular dividends in the future [24] Summary of Q&A Session Questions and Answers - No live Q&A session was hosted during the call, and participants were directed to contact the investor relations team for any inquiries [2]

Systemax Inc. (SYX) Q4 2018 Earnings Conference Call February 26, 2019 5:00 PM ET Company Participants Michael Smargiassi - The Plunkett Group Barry Litwin - Chief Executive Officer Tex Clark - Vice President and Chief Financial Officer Conference Call Participants Operator Good afternoon, ladies and gentlemen, and welcome to Systemax Inc.'s Fourth Quarter 2018 Earnings Conference Call. At this time, I would like to turn the call over to Mike Smargiassi of The Plunkett Group. Please go ahead, sir. Michael S ...