NYSE$GIC

Global Industrial Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported sales increased over 10% to $251 million.

Systemax Inc. announced first quarter results with a 10.5% increase in consolidated sales to $251.1 million. However, consolidated operating income from continuing operations declined by 42.6% to $6.6 million, and net income per diluted share from continuing operations decreased by 33.3% to $0.14.

  • Consolidated sales increased 10.5% to $251.1 million.
  • Operating income from continuing operations declined 42.6% to $6.6 million.
  • Net income per diluted share from continuing operations decreased 33.3% to $0.14.
  • The Board of Directors declared a cash dividend of $0.16 per share.

Headline financials

Total Revenue

$251M

Previous: $227M+10.5%
EPS (adj)

$0.14

Previous: $0.21-33.3%
Capital Expenditures

-$900K

Previous: -$300K-200.0%
Free Cash Flow

$14.3M

Previous: $7.9M+81.0%
Net Income

$15.2M

Previous: $8.2M+85.4%
Operating Income

$6.6M

Previous: $11.5M-42.6%
Gross Profit

$77.3M

Previous: $76.7M+0.8%
Cash & Equivalents

$36.9M

Previous: $64.1M-42.4%
Total Assets

$392M

Previous: $361M+8.4%
Stock-Based Comp

$400K

Previous: $1M-60.0%

Revenue & EPS history

Global Industrial · Revenue · Quarterly

$251M

Q1 2021+10.5%vs Q1 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Forward guidance

The company anticipates many of the negative drivers of first quarter margin performance are temporary and will ease as we move through the summer. The company anticipates continuing a regular quarterly dividend in the future.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+1.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+32.5%

Q2 2015

Best reaction

-27.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-10.9%-6.9%
Q4 2025+7.6%+8.9%+0.5%
Q3 2025-18.2%-19.8%-18.4%
Q1 2025+15.7%+15.4%+17.4%
Q4 2024-0.4%-4.2%-7.2%
Q3 2024-21.2%-19.8%-14.4%
Q2 2024-0.9%-5.5%-5.7%
Q1 2024-12.4%-11.7%-13.3%
Q4 2023-3.7%+1.6%+2.2%
Q3 2023+10.4%+8.5%+11.7%
Q2 2023+4.0%+11.7%+18.7%
Q1 2023-14.3%-12.6%-4.4%
Q4 2022-0.8%-3.8%-12.0%
Q3 2022-27.5%-25.2%-21.1%
Q2 2022-12.4%-10.0%-17.7%
Q1 2022+17.6%+9.3%+15.2%
Q4 2021-1.2%-7.6%+0.7%
Q3 2021-4.2%-1.2%-5.7%
Q2 2021+2.0%-0.2%+0.6%
Q1 2021-23.1%-19.8%-20.9%
Q4 2020-15.8%-18.2%-10.9%
Q3 2020+23.9%+21.2%+33.7%
Q2 2020+17.7%+14.8%+11.6%
Q1 2020+3.7%+1.0%+5.5%
Q4 2019-4.3%-8.2%-17.0%
Q3 2019-10.0%-12.9%-5.9%
Q2 2019+14.5%+6.8%+5.4%
Q1 2019+4.2%+3.0%-10.2%
Q4 2018-15.7%-13.6%-10.6%
Q3 2018+25.1%+19.7%+8.6%
Q2 2018+5.1%-12.9%-16.5%
Q1 2018-2.4%-2.4%+5.1%
Q4 2017-7.1%-6.0%-7.2%
Q3 2017+13.8%+9.4%+9.5%
Q2 2017+29.5%+43.2%+34.9%
Q1 2017+29.3%+29.7%+31.0%
Q4 2016+12.9%+13.8%+38.7%
Q3 2016-5.3%-4.1%+11.2%
Q2 2016+2.2%+0.6%-7.1%
Q1 2016-1.5%
Q4 2015+5.3%
Q3 2015-5.6%
Q2 2015+32.5%
Q1 2015-3.6%
Q4 2014+3.3%
Q3 2014+0.2%
Q2 2014+9.2%
Q1 2014-3.1%
Q4 2013+6.5%
Q3 2013+0.4%
Q2 2013+1.4%
Q1 2013-3.7%
Q4 2012-0.8%
Q3 2012-4.3%
Q4 2011+2.5%
Q2 2012+2.5%
Q1 2011-3.7%
Q1 2012+2.3%
Q4 2009+1.9%
Q3 2010+4.0%
Q3 2011+4.0%
Q2 2011+2.7%
Q2 2010+2.7%
Q4 2010+2.7%
Q1 2010-2.8%

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