SED Profit Surges
SED International said Thursday that it posted a $3.8 Million profit in the second quarter, compared with $0.9 million the same period last year.
The company attributed the strong performance to strong holiday season sales.
“SED delivered strong bottom-line results, due primarily to robust holiday sales and a favorable product mix,” Jonathan Elster, president and chief executive officer of SED International, said as part of the announcement. “The e-commerce segment, where we have made considerable investments, was a major driver of our holiday sales strength and our results benefitted from a more favorable product mix."