PFSweb, Inc. - PFSW STOCK NEWS

PFSweb, a leading eCommerce order fulfillment provider, will participate in the Sidoti Small-Cap Conference on March 22-23, 2023. The company's management team is set to present on March 23 at 3:15 p.m. Eastern time. The presentation will be available live via webcast and can be replayed afterwards. Interested parties can schedule one-on-one meetings or request invitations through their Sidoti representative or PFSweb's investor relations team. With over 20 years of industry experience, PFSweb serves renowned brands across various sectors, including health and beauty, fashion, and consumer goods.

PFSweb reported strong 2022 results with total revenues of $295.1 million, a 6% increase year-over-year, and a record sales bookings year generating over $44 million in annual contract value. The company achieved a 15% increase in annual fulfillment revenue. Despite a net loss of $20.2 million for the year, consolidated adjusted EBITDA rose 67% to $5 million. PFSweb forecasts a 5% to 10% growth in annual service fee revenue for 2023 and plans to enhance its fulfillment network, including new facilities in Las Vegas and Dallas. Additionally, the company is reviewing strategic alternatives for its PFS business.

PFSweb, Inc. (NASDAQ: PFSW), a leading eCommerce order fulfillment provider, announced it will hold a conference call on March 14, 2023, at 5:00 p.m. Eastern time to discuss its financial results for the fourth quarter and the full year ended December 31, 2022. The press release with the financial results will be shared prior to the conference call. The call will include a Q&A session and can be accessed live or via a replay. PFSweb specializes in DTC and B2B retail services across various sectors, providing scalable solutions tailored to enhance eCommerce operations.

PFS (NASDAQ: PFSW), a leading eCommerce order fulfillment provider, reported record fulfillment volumes for 2022, fulfilling over 30 million orders and achieving $3.2 billion in gross merchandise value. Highlights include a 21% increase in units shipped, with nearly 132 million units shipped throughout the year. PFS set records for both Thanksgiving and Cyber Week, with fulfillment volumes rising 16% and 12%, respectively. The company also secured 31 new sales bookings valued at an estimated $44.9 million in annual contract value, contributing to a successful year. PFS anticipates continued revenue growth between 5% and 10% as it expands its fulfillment operations.

PFSweb, Inc. (NASDAQ: PFSW) has announced a special cash dividend of $4.50 per share, with the ex-dividend date now set for December 16, 2022. The dividend payment will occur on December 15, 2022, maintaining the record date of December 1, 2022. Due to the dividend's size, shares will trade with 'due bills' from December 1 until the ex-dividend date, meaning sellers during the Dividend Right Period will forfeit their rights to the dividend. Investors are advised to consult their brokers regarding these transactions.

PFSweb, Inc. (PFSW) announced a strong Q3 2022 with total revenues increasing 7% to $65.5 million and a special dividend of $4.50 per share, totaling $111 million, to return capital from the LiveArea divestiture. The company reported a net loss from continuing operations of $6.1 million but achieved a significant increase in adjusted EBITDA to $0.2 million. PFSweb is also nearing the completion of a corporate restructuring plan expected to yield substantial cost savings in FY 2023. CEO transition plans are underway, with Zach Thomann set to take over in 2023.

PFSweb, a global commerce services company, will hold a conference call on November 9, 2022, at 5:00 p.m. Eastern time to discuss its financial results for the third quarter ending September 30, 2022. Prior to the call, the results will be published in a press release. The call will include a question-and-answer session and will be available for replay on the company's investor relations website.

PFS has successfully deployed a pop-up fulfillment center for L’Oréal USA's SkinCeuticals brand, enhancing their eCommerce operations. This initiative comes after PFS has provided order management services to SkinCeuticals since 2019. The new fulfillment center, established with minimal setup time, utilized PFS's RetailConnect™ technology, enabling efficient handling of a customer loyalty program's orders. Both PFS and SkinCeuticals expressed satisfaction with the quick and effective execution, showcasing PFS's capability to address unique business needs.

PFSweb, Inc. (NASDAQ: PFSW) held its Annual Meeting of Stockholders on August 23, 2022, in Allen, Texas, where all company proposals received approval. Key approvals included the election of seven directors and the advisory compensation of named executive officers. Additionally, an amendment to the Rights Agreement with Computershare Inc. and the appointment of BDO USA, LLP as independent auditors for the fiscal year ending December 31, 2022, were also sanctioned. PFS serves as an eCommerce order fulfillment provider with over 20 years of industry experience.