Wayside Technology Group, Inc. Reports 2018 First Quarter and Declares Quarterly Dividend
Summary
Q1 2018:Net sales:$40.5 millionIncome from operations:$1.8 millionNet income:$1.6 millionDiluted earnings per share:$0.36 per shareDividend declared - $0.17 per shareEATONTOWN, N.J., May 03, 2018 (GLOBE NEWSWIRE) -- Wayside Technology Group, Inc. (NASDAQ: WSTG ) today announced financial results for the first quarter ended March 31, 2018.The results will be discussed in a conference call to be held on Friday, May 4, 2018 at 10:00 a.m. EDT.Lifeboat Distribution segment gross profit margin for the quarter ended March 31, 2018 decreased by 0.5 percentage points to 16.8%, compared to 17.3% for the same period in 2017.Under the full retrospective adoption method, the Company presents revenue for current and comparative periods on an adjusted basis, reflecting the new accounting standard.Such risks and uncertainties could cause actual results to differ materially from those indicated by such forward-looking statements, and include, without limitation, the continued acceptance of the Company’s distribution channel by vendors and customers, the timely availability and acceptance of new products, product mix, market conditions, contribution of key vendor relationships and support programs, as well as factors that affect the software industry in general and other factors.Our use of Adjusted gross billings of product and services as analytical tools has limitations, and you should not consider them in isolation or as substitutes for analysis of our financial results as reported under U.S. GAAP.