Systemax Inc., a Port Washington-based provider of industrial and technology products, Tuesday posted a 10 percent increase in net sales for the third quarter, partly on strength in the French market.
Net sales rose to $319.3 million from $290.2 million in the 2016 quarter, the company said in an earnings release after Tuesday’s market close.
Net income from continuing operations rose to $14.1 million, or 37 cents per diluted share, from $1.6 million, or 4 cents per diluted share, in the 2016 quarter.
Net loss from discontinued operations shrank to $2.8 million from $7.4 million in the year-ago quarter.
Sales in France from the European Technology Group increased 21.7 percent to $114.9 million.
“Performance in France included continued growth across all customer segments while producing solid profitability gains,” Systemax chief executive Larry Reinhold said in a statement.
Shares of Systemax gained 2.5 percent to close Tuesday at $28.55. The stock has gained about 270 percent in the past 12 months.