Wayside Technology Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Declares Quarterly Dividend, Payable February 22, 2013
January 31, 2013 at 05:11 pm EST
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Wayside Technology Group, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the full year, total revenue was $85,447,000, income from operations was $2,808,000, income before income tax provision was $2,975,000 and net income was $1,803,000 or $0.39 per diluted share against total revenue of $74,218,000, income from operations of $3,071,000, income before income tax provision of $3,175,000 and net income of $1,975,000 or $0.43 per diluted share for the same period a year ago.
For the full year, total revenue was $297,057,000, income from operations was $8,515,000, income before income tax provision was $9,089,000 and net income was $5,489,000 or $1.19 per diluted share against total revenue of $250,169,000, income from operations of $8,618,000, income before income tax provision of $8,987,000 and net income of $5,539,000 or $1.20 per diluted share for the same period a year ago. The increase in net sales for the three month and full year ended December 31, 2012, compared to the same periods in 2011, was mainly a result of strengthening of account penetration, continued focus on the expanding virtual infrastructure-centric business, solution focus selling and an increase in large deals on extended payment terms.
On January 30, 2013, the board of directors of Wayside Technology Group, Inc. declared a quarterly dividend of $0.16 per share of its common stock payable February 22, 2013 to shareholders of record on February 12, 2013.
Climb Global Solutions, Inc. is a value-added information technology (IT) distribution and solutions company. The Company primarily operates through its Distribution segment, which distributes emerging technologies to corporate resellers, value-added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions. This segment distributes technology products from software developers, software vendors or original equipment manufacturers (OEMs) to resellers, and system integrators worldwide. The Company's Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services for customers worldwide under the name Grey Matter. Across both segments, the Company offers an extensive line of products from software vendors and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technically sophisticated domains.
Wayside Technology Group, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012; Declares Quarterly Dividend, Payable February 22, 2013