NYSE$GIC

Global Industrial Company · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported a strong fourth quarter with sales and operating income increasing significantly compared to the prior year.

Systemax Inc. reported a strong fourth quarter with a 23.3% increase in sales to $273.9 million and a 46.5% increase in operating income to $21.1 million. The company's full-year sales surpassed $1 billion, marking a key milestone.

  • Consolidated sales increased 23.3% to $273.9 million.
  • Operating income grew 46.5% to $21.1 million.
  • Net income per diluted share from continuing operations increased 40.0% to $0.42.
  • Full year sales exceeded $1 billion.

Headline financials

Total Revenue

$274M

Previous: $222M+23.3%
EPS (adj)

$0.42

Previous: $0.30+40.0%
Operating Margin

7.7%

No prior period
Capital Expenditures

$1.5M

Previous: $700K+114.3%
Free Cash Flow

$24.3M

Previous: $2.8M+767.9%
Net Income

$16.4M

Previous: $11.4M+43.9%
Operating Income

$21.1M

Previous: $14.4M+46.5%
Gross Profit

$93.1M

Previous: $75M+24.1%
Cash & Equivalents

$22.4M

Previous: $97.2M-77.0%
Total Assets

$375M

Previous: $397M-5.5%
Stock-Based Comp

$1.2M

Previous: $1.4M-14.3%

Revenue & EPS history

Global Industrial · Revenue · Quarterly

$274M

Q4 2020+23.3%vs Q4 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

Systemax anticipates continuing a regular quarterly dividend in the future and is optimistic for the remainder of 2021.

Tailwinds

  • Company will continue to invest in growth.
  • Company's strategy has tremendous relevance in the marketplace today.
  • Rapid improvements made to end-to-end customer experience.
  • Further evolution of e-commerce platform.
  • Company is strengthening its competitive position and sees accelerated customer acquisition and retention.

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 Q4 2020

Historical avgQ4 2020

+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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