Wayside Technology Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total revenue was $126,955,000 against $119,965,000 a year ago. Income from operations was $2,500,000 against $2,858,000 a year ago. Income before provision for income taxes was $2,750,000 against $2,992,000 a year ago. Net income was $1,128,000 against $1,967,000 a year ago. Diluted and basic income per share was $0.25 against $0.43 a year ago.

For the year, the company reported total revenue was $449,379,000 against $418,131,000 a year ago. Income from operations was $7,813,000 against $8,616,000 a year ago. Income before provision for income taxes was $8,553,000 against $8,933,000 a year ago. Net income was $5,062,000 against $5,901,000 a year ago. Diluted and basic income per share was $1.13 against $1.25 a year ago. The decrease in earnings was primarily due to the income tax charges and the decline in gross margin from its TechXtend segment, resulting from lower extended payment term sales. Adjusted net sales were $160,567,000 against $164,609,000 a year ago. Adjusted income from operations was $7,813,000 against $8,616,000 a year ago. Adjusted net income was $5,062,000 against $5,901,000 a year ago. Adjusted basic and diluted income per share was $1.25 against $1.22 a year ago.

The company expect an effective tax rate in the range of 24% to 26% for the year 2018.