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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.
Insight Enterprises
Insight Enterprises
Insight Enterprises Revenue by Segment
Insight Enterprises Revenue by Geographic Location
Revenue by Segment
Hardware Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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