SED International Holdings, Inc. reported consolidated unaudited earnings results for the fourth quarter and year ended June 30, 2013. For the year, the company reported net sales of $517,364,000 compared with $577,274,000 for the same period last year. Operating loss was $14,381,000 compared with operating income of $1,762,000 for the same period last year. Loss before income taxes was $15,343,000 compared with income before income taxes of $3,828,000 for the same period last year. Net loss was $15,743,000 or $3.14 basic and diluted per share compared with net income of $1,420,000 or $0.29 basic and diluted per share for the same period last year. The decrease in Net Sales were attributed to a 10.6% decrease in domestic sales and a 10.0% decrease in Latin America and United States (U.S.) export sales after inter-company eliminations.

For the quarter, the company reported net sales of $105,800,000 against $131,800,000 in the prior-year fourth quarter. Operating loss was $7,600,000 compared to $1,700,000 in the prior-year fourth quarter. Net loss was $7,800,000 or $1.56 per share, compared to a net loss of approximately $2,000,000 or $0.41 per share, in the same period last year.