Wayside Technology Group Inc. reported consolidated and unaudited financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $0.6 million or $0.13 per diluted share, income from operations of $0.953 million and income before income tax provision of $1.1 million on net sales of $35.3 million against net income of $0.811 million or $0.18 per diluted share, income from operations of $1.2 million and income before income tax provision of $1.4 million on net sales of $45.4 million for the same quarter last year. For the nine months, the company reported net income of $2 million or $0.44 per diluted share, income from operations of $3 million and income before income tax provision of $3.3 million on net sales of $104.1 million against net income of $2.3 million or $0.50 per diluted share, income from operations of $3.3 million and income before income tax provision of $3.8 million on net sales of $134 million for the same period last year. On October 27, 2009, the Board of Directors declared a quarterly dividend of $0.15 per share of its common stock payable November 20, 2009 to shareholders of record on November 13, 2009.

Wayside Technology Group, Inc., Q3 2009 Earnings Call, Oct 30 2009

Simon Nynens, Chairman, President and CEO of Wayside Technology Group, Inc. said, “The cash position enables us to handle large finance deals, ensure that we have sufficient cash, cash on hand for the quarterly dividends, and also enables us to consider acquisitions should we find a good company that is well-managed yet has distressed ownership.”