Systemax Sales Up 17.1% in 3Q - Modern Distribution Management

Log In

Systemax Sales Up 17.1% in 3Q

Systemax, the parent of Global Industrial, reported profit nearly doubled to $24.1 million as the company notched all-time highs in quarterly operating profit and operating margin.

Systemax Inc. (NYSE: SYX), the Port Washington, New York-based parent of Global Industrial, reported third-quarter sales of $285.7 million, up 17.1% from the same period the previous year. The company reported profit of $24.1 million, up 75.9% from $13.7 million in the third quarter of 2019.

For the first nine months, the company reported sales of $755.1 million, up 4.2% from the same period of 2019. Profit grew 23.6% to $47.7 million.

“We had an exceptional third quarter performance, achieving an all-time high in quarterly operating profit and operating margin,” said Barry Litwin, CEO. “Revenue increased 17%, as we benefited from our private label offering, an expanded pandemic product line, and solid gains from core product categories. Sales growth was fairly stable as we moved through the quarter, and has remained in the mid-teens in October. We delivered record profitability as both gross and operating margins expanded, with operating income improving 70% to more than $31 million.”

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.