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Article: Systemax Reports Second Quarter 2006 Results Net Income Increases to $.19 Vs $.04 Per Diluted Share.
- Article from:
- Business Wire
- Article date:
- November 22, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PORT WASHINGTON, N.Y. -- Systemax Inc. (NYSE:SYX), a leading distributor and manufacturer of PC hardware, related computer products and industrial products in North America and Europe, today announced results for the second quarter and six months ended June 30, 2006.
Net sales for the quarter increased 8.1% to $547.2 million compared to $506.1 million in the same quarter last year. North American sales increased 12.5% to $375.8 million compared to the same period last year. In Europe, sales totaled $171.4 million in reported U.S. dollars, essentially flat compared to last year. Income from operations increased more than three-fold to $10.6 million from $3.2 ...