New York - Systemax saw
its second-quarter sales and gross profit increase 8 percent and 13 percent,
respectively, led by gains in computer, accessory and software sales.
Systemax generated $872.2
million in sales during the second quarter, ended June 30, with a gross profit
of $128.9 million.
The company broke out sales for its basic product categories.
Computer accessories and software generated $251 million in
sales, up from $224.6 million.
- Computer sales were $243 million, up from $201.3 million.
Consumer electronics sales fell to $170.8 million from $179
- Computer components fell to $106.5 million from $123.2 million.
Industrial products hit $78.8 million, up from $62.2 million
- Sales of other products were $22.2 million, up from $15.6
The quarter also saw Systemax record special gains related to an
investigation and settlement with a former officer and director of the company.
In May Systemax fired Gilbert
, CEO of its technology products group. An internal Systemax
investigation, based on an anonymous tip, revealed Fiorentino owed the company
$11 million. However, Systemax would not reveal the exact improprieties
discovered. The technology products group includes TigerDirect, founded by
Fiorentino, and CompUSA and CircuitCity.com.
New York - Systemax saw its second-quarter sales and gross profit increase 8 percent and 13 percent, respectively, led by gains in computer, accessory and software sales.