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Systemax Inc (SYX.N)

SYX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Systemax executes agreement with management team backed by Hilco Capital to sell all unprofitable European Technology Products Group units
2:00am EDT 

Systemax Inc : Systemax further streamlines operations to increase focus on its profitable North American industrial products and France IT businesses . Systemax - executed agreement with management team backed by Hilco Capital Limited to sell all unprofitable European Technology Products Group units . Says will retain its highly profitable operations in france . Says businesses were sold on a cash-free, debt-free basis; proceeds were nominal .Systemax - retained a small residual equity position in sold operations and will provide transition services to hilco for a limited period of time.  Full Article

Systemax reports fourth quarter 2016 financial results
Tuesday, 28 Feb 2017 04:30pm EST 

Systemax Inc : Systemax Inc reports fourth quarter 2016 financial results . Q4 revenue $414.7 million . Quarterly net income per share from continuing operations $0.02 . Systemax Inc - Q4 consolidated sales decreased 10.9 percent to $414.7 million versus Q4 2015 .Q4 earnings per share view $0.01, revenue view $433.6 million -- Thomson Reuters I/B/E/S.  Full Article

Systemax Q3 loss per share $0.15 from cont ops
Monday, 31 Oct 2016 04:30pm EDT 

Systemax Inc - : Board of Directors has appointed Thomas "Tex" Clark to chief financial officer, effective immediately . Position of chief financial officer was previously held on an interim basis by Larry Reinhold, CEO of systemax . Says qtrly non-GAAP earnings per share from continuing operations $0.00 . Systemax reports third quarter 2016 financial results . Q3 loss per share $0.15 from continuing operations .Q3 revenue $414.8 million.  Full Article

Systemax reports second quarter 2016 financial results
Tuesday, 2 Aug 2016 04:30pm EDT 

Systemax Inc Qtrly Non : Systemax Inc qtrly consolidated sales decreased 7.3% to $420.8 million in U.S. Dollars . Gaap diluted net income per share was $0.02 . Systemax reports second quarter 2016 financial results . Systemax inc qtrly GAAP diluted net loss per share from continuing operations was $0.05 .GAAP consolidated sales decreased 3.2% to $420.8 million in U.S. Dollars.  Full Article

Systemax to sell German operations to Cancom SE
Monday, 25 Jul 2016 06:59am EDT 

Systemax Inc : Financial terms of transaction were not disclosed. . "transaction will have a positive impact on future overall financial performance of our emea and consolidated operations" .Systemax announces sale of german operations to cancom se.  Full Article

PCM Announces Acquisition of Certain Business to Business (B2B) Assets of Systemax inc's North American Technology Group including the TigerDirect Brand
Wednesday, 18 Nov 2015 09:15am EST 

PCM, Inc. and Systemax Inc:Says that they have entered into a definitive agreement under which PCM will acquire certain Business to Business (B2B) assets of Systemax's North American Technology Group (NATG) including TigerDirect brand for $14 million in cash.PCM will not acquire cash, accounts receivable, inventory or trade payables in connection with transaction.transaction, which is subject to customary closing conditions, is expected to close on December 1, 2015.Under terms of agreement, PCM will acquire right to hire about 400 B2B sales representatives located across United States and Canada, all rights to NATG B2B customer list , certain B2B customer and vendor contracts, trademarks.And also will acquire other intellectual property rights including TigerDirect brand, and certain fixed assets and equipment.At closing, parties will enter into transition services agreement to facilitate an orderly transition of purchased assets.PCM expects that acquisition will significantly enhance PCM's footprint in small-medium-business marketplace, as well as in educational and public sector markets.  Full Article

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BRIEF-Systemax reports fourth quarter 2016 financial results

* Quarterly net income per share from continuing operations $0.02