Ups And Downs In Channel Company Stocks For Q1 2017
Submitted by Rick Whiting on
Systemax
CEO: Larry Reinhold
Dec. 30, 2016: $8.77
March 31, 2017: $11.09
Change: +26.45%
Systemax underwent some significant changes in 2016, including closing its retail business and eliminating as many as 500 jobs to cut costs.
In February Systemax, No. 26 on the CRN Solution Provider 500, reported that for all of 2016 revenue declined 9.4 percent to $1.68 billion from more than $1.85 billion in 2015. But the company narrowed its net loss from continuing operations to $7.9 million in 2016 from $48.3 million in 2015. It also reported a $24.7 million net loss from discontinued operations in 2016 compared to a $51.5 million net loss from discontinued operations in 2015.