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Jun 30, 2020
Insight Enterprises Q2 2020 Earnings Report
Insight Enterprises' Q2 2020 results were released, showcasing increased net sales and gross profit, offset by a slight decrease in diluted earnings per share.
Key Takeaways
Insight Enterprises reported a 7% increase in net sales to $1.97 billion and an 18% increase in gross profit to $324.4 million. Diluted earnings per share decreased by 5% to $1.32, while adjusted diluted earnings per share increased by 11% to $1.75.
Net sales increased 7% year over year to $1.97 billion.
Gross profit increased 18% year over year to $324.4 million.
Earnings from operations increased 3% to $74.2 million.
Adjusted diluted earnings per share of $1.75 increased 11% year over year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company anticipates demand for its products and services will continue to be down in the third quarter of 2020, as clients continue to evaluate the impact of COVID-19 on their businesses, their profitability and their liquidity.
Challenges Ahead
- Demand for products and services expected to remain down in Q3 2020.
- Clients continue to evaluate COVID-19 impact on their businesses.
- Uncertainty regarding the duration and spread of the COVID-19 pandemic.
- Dependence on actions taken to contain the virus or treat its impact.
- Concerns about how quickly and to what extent normal economic and operating conditions can resume.
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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