Brief: PFSweb Reports Third Quarter 2022 Results

PFSweb

09/11/2022 21:48

Nov 9 (Reuters) - PFSweb Inc  PFSW.O :
    * PFSWEB REPORTS STRONG THIRD QUARTER 2022 RESULTS,
ANNOUNCES
SPECIAL DIVIDEND AND PROVIDES UPDATE ON STRATEGIC REVIEW PROCESS
    * PFSWEB INC - ANNOUNCES A $4.50 PER SHARE SPECIAL DIVIDEND
TO
RETURN CAPITAL TO SHAREHOLDERS FROM LIVEAREA DIVESTITURE
    * PFSWEB INC- SUBSTANTIAL COMPLETION OF CORPORATE
RESTRUCTURING
PLAN EXPECTED BY YEAR-END 2022, RESULTING IN EXPECTED COST
SAVINGS FOR FISCAL YEAR 2023
    * PFSWEB INC- QTRLY TOTAL REVENUES INCREASED 7% TO $65.5
MILLION
    * PFSWEB INC- QTRLY NET LOSS FROM CONTINUING OPERATIONS WAS
$6.1
MILLION OR $0.27 PER SHARE
    * PFSWEB INC - PFSWEB IS MAINTAINING ITS PREVIOUSLY STATED
2022
FINANCIAL TARGETS
    * PFSWEB INC - COO ZACH THOMANN IS EXPECTED TO TAKE ON CEO
ROLE IN
2023
    * PFSWEB INC - SHINICHI NAGAKURA WILL BE STEPPING DOWN AS A
MEMBER
OF BOARD
    * PFSWEB INC - SIZE OF BOARD WILL BE REDUCED TO SIX
DIRECTORS

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