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Wayside Technology Group's (WSTG) CEO Simon Nynens on Q1 2018 Results - Earnings Call Transcript

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Wayside Technology Group (WSTG) Q1 2018 Earnings Conference Call May 4, 2018 10:00 AM ET


Melanie Caponigro - Director, Accounting

Simon Nynens - President & CEO

Michael Vesey - VP & CFO



Good morning, ladies and gentlemen, and welcome to the Wayside Technology Group Conference Call. [Operator Instructions] As a reminder, ladies and gentlemen, this conference is being recorded.

I would now like to introduce your host for today's conference, Melanie Caponigro. Ms. Caponigro, you may begin your conference at this time.

Melanie Caponigro

Thank you, and good morning. Welcome to Wayside Technology's First Quarter 2018 Earnings Call. Before turning the call over to Simon Nynens, the company's Chairman and CEO, I'll dispense with the customary cautionary language and comment about the webcast for this earnings call.

We released earnings for the first quarter at approximately 5:00 p.m. Eastern time, Thursday, May 3, 2018. The earnings release is available at the company's Investor Relations website at waysidetechnology.com. Today's call, including all questions and answers, is being webcast live, and a rebroadcast will be available at www.waysidetechnology.com/site/content/webcast. This conference call and the associated webcast contain time-sensitive information that is accurate only as of today, May 4, 2018. A detailed discussion of risks and uncertainties are discussed in our Forms 10-Q and also in greater detail in our Forms 10-K. Wayside Technology Group, Inc. sees no obligation to update and does not intend to update any forward-looking statements.

Now I would like to turn the call over to Simon Nynens.

Simon Nynens

Thank you, Melanie, and good morning to everybody. Income before tax increased 7.5% and diluted earnings per share increased 23%, a good quarter.

From an operational view, we strengthened our position in the software distribution market as we signed distribution agreements with more than 10 new vendors. We also

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Comments (1)

ConcentratedValueInvest profile picture
Caller is asking for more exposure to get prices higher? Company should simply buyback more stock at these levels. Lots of cash.
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