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Mar 31, 2021
Insight Enterprises Q1 2021 Earnings Report
Insight Enterprises reported a 2% increase in net sales, a 27% increase in earnings from operations, and a diluted earnings per share increase of 24% year over year for the first quarter of 2021.
Key Takeaways
Insight Enterprises reported a 2% increase in net sales to $2.2 billion, a 27% increase in earnings from operations to $67.0 million, and a diluted earnings per share of $1.18, which is a 24% increase year over year. The company's performance sets a good base for what they expect will be a strong year.
Net sales increased 2% year over year to $2.2 billion.
Earnings from operations increased 27% to $67.0 million.
Adjusted earnings from operations increased 3% to $68.3 million.
Diluted earnings per share of $1.18 increased 24% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2021, the Company expects to deliver net sales growth in the 4% to 8% range and Adjusted diluted earnings per share is expected to be between $6.60 and $6.80. This forecast is unchanged from the previously communicated outlook.
Positive Outlook
- net sales growth in the 4% to 8% range
- Adjusted diluted earnings per share is expected to be between $6.60 and $6.80
- interest expense between $25 million and $28 million
- an effective tax rate of 25% to 26% for the full year 2021
- capital expenditures of $75 to $85 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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