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 ...