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Systemax Sales Up 17.4 Percent in Q1

Systemax Inc., Port Washington, NY, (NYSE: SYX), reported first quarter sales of $355.2 million, up 17.4 percent from the same period the previous year. The company reported profit of $14.6 million, up from a loss of $18.5 million in the first quarter of 2017.

Consolidated sales increased 17.4 percent to $355.2 million in U.S. dollars. On a constant currency basis, average daily sales increased 11.7 percent.  Industrial Products Group sales grew 11.6 percent to $212.2 million in U.S. dollars. On a constant currency basis, average daily sales increased 11.5 percent. France sales increased 27.3 percent to $143 million in U.S. dollars. On a constant currency basis, average daily sales increased 12.1 percent.

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