This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SED International Holdings' CEO Discusses F4Q 2011 Results - Earnings Conference Call

These factors include adverse economic conditions, entry of new and stronger competitors and adequate capital, unexpected cost, failure to gain product approval in foreign countries and failure to capitalize upon access to new markets.

The company disclaims any obligation to revise any forward-looking statements to reflect events or circumstances after the date of today's call and webcast or to reflect the occurrence of anticipated or unanticipated events.

These factors and others are discussed in the management's discussion and analysis section of the company's reports on Form 10-K for the fiscal year ended June 30, 2011 and periodic filings on Form 10-Q.

These reports are available by visiting the Investor Relations section of the company's website at www.sedonline.com as well as on the SEC website at www.sec.gov.

With that said, I would now like to turn the call over to Stan Baumgartner, Chief Financial Officer of SED. Good afternoon, Stan.

Stan Baumgartner

Thanks, Brandi. Good afternoon, everyone, and, again, thank you for joining our call today. I'll provide a brief review of our financial results for the fourth quarter and a full review of the fiscal year 2011 results ended June 30, 2011.

Net sales for the fourth quarter increased 14.6% to $152.6 million compared with $133.1 million reported in the fourth quarter last fiscal year. In terms of revenue by product category, Microcomputer product sales increased by $20.7 million or 17.9% to $136.4 million driven mainly by increases in hard drive products and software sales.

Consumer electronic sales declined 7.1% to $16.2 million compared with $17.4 million in fiscal 2010. the decline was primarily due to a decrease in lower average selling prices year-over-year and the discontinuance of a consumer electronics product line we were carrying.

Looking at the fourth quarter revenues by geography, both our domestic and Latin America businesses posted strong gains in the fourth quarter of fiscal 2011. Domestic revenues, including export sales after eliminations increased 13.8% to $119.2 million. The increase was driven by computer-related sales including specifically hard drives and software product items.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs