This Day On The Street
Continue to site
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 Reports Fiscal Year 2012 And Fourth Quarter Financial Results

“Initiatives underway to address the current state of our business include a reorganization of our U.S. sales, purchasing and marketing functions into business units to better focus within specific customer segments, and evaluation of outsourcing options that will result in increased efficiencies and speed of execution. We are also aggressively working to size our business for the current environment, and have recently implemented workforce reductions and temporary reductions in work hours in different parts of our business. We are committed throughout the organization to delivering sustained value to our customers, vendors and shareholders while we build on SED’s reputation as a leader in logistical excellence and world-class service throughout the regions and segments we compete in.”

Fourth Quarter Fiscal 2012 Financial Results, Year-over-year Comparisons:
  • Net sales for the fourth quarter ended June 30, 2012 were $131.8 million, compared to $152.6 million in the prior-year fourth quarter. An Industry-wide decline in technology and consumer electronics demand, coupled with lingering effects from hard drive shortages, negatively impacted net sales in the fourth quarter compared to the prior year.
  • Gross margin increased to 5.2%, compared to 4.7% in the comparable period last year due in part to hard-drive pricing and also to higher sales and margins on housewares, small appliance and personal care products.
  • The Company reported an operating loss of $1.7 million in the fourth quarter compared to operating income of $0.9 million in the prior-year fourth quarter. Fourth quarter 2012 net loss was $2.0 million, or $(0.41) per basic and diluted share compared to net income of approximately $0.4 million, or $0.10 per basic and $0.09 per diluted share, compared to the same period last year.

Conference Call

SED International management will host a teleconference and webcast today, Thursday, September 13, 2012 at 4:30 p.m. ET. Interested parties may participate in the conference call by dialing 1-877-941-2068 in the United States and 1-480-629-9707 internationally. For those unable to participate, an audio replay of the call will be available beginning approximately two hours following the conclusion of the live call through September 20, 2012. The audio replay may be accessed by dialing 1-877-870-5176 from the United States or 1-858-384-5517 internationally and entering access conference ID # 4560891.

2 of 5

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.57 -0.72%
FB $119.15 1.10%
GOOG $711.22 1.40%
TSLA $214.31 1.30%
YHOO $37.22 0.76%


Chart of I:DJI
DOW 17,720.91 +60.20 0.34%
S&P 500 2,056.96 +6.33 0.31%
NASDAQ 4,732.14 +15.0460 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs