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Mar 31, 2022
Insight Enterprises Q1 2022 Earnings Report
Insight Enterprises reported a record first quarter with increased net sales, gross profit, and earnings per share.
Key Takeaways
Insight Enterprises reported record first-quarter results, with net sales increasing by 21% year-over-year to $2.65 billion, gross profit increasing by 14% to $378.9 million, and diluted earnings per share increasing by 30% to $1.53.
Net sales increased 21% year over year to a record $2.65 billion.
Gross profit increased 14% year over year to $378.9 million.
Earnings from operations increased 19% year over year to $79.8 million.
Diluted earnings per share of $1.53 increased 30% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the full year 2022, the Company expects to deliver low double digit net sales growth and Adjusted diluted earnings per share is expected to be between $7.95 and $8.15.
Positive Outlook
- Expects to deliver low double digit net sales growth
- Adjusted diluted earnings per share is expected to be between $7.95 and $8.15
- Assumes interest expense between $30 and $35 million
- Assumes an effective tax rate of 24% to 25% for the full year 2022
- Assumes an average share count for the full year of 35.6 million shares
Challenges Ahead
- Outlook excludes acquisition-related intangibles amortization expense of approximately $31 million
- Assumes no acquisition-related or severance and restructuring expenses
- Assumes no significant change in our debt instruments or the macro economic outlook
- Due to the inherent difficulty of forecasting some of these types of expenses, which impact net earnings, diluted earnings per share and selling and administrative expenses, the Company is unable to reasonably estimate the impact of such expenses, if any, to net earnings, diluted earnings per share and selling and administrative expenses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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