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Jun 30, 2021
Insight Enterprises Q2 2021 Earnings Report
Insight Enterprises reported second quarter 2021 results with increased net sales and earnings.
Key Takeaways
Insight Enterprises reported a strong second quarter with net sales increasing by 13% year-over-year to $2.23 billion. Gross profit also increased by 13% to $366.7 million. Diluted earnings per share increased by 20% year-over-year to $1.58, and adjusted diluted earnings per share increased by 9% to $1.91.
Net sales increased 13% year-over-year to $2.23 billion.
Gross profit increased 13% year-over-year to $366.7 million.
Earnings from operations increased 19% to $88.5 million, representing 4.0% of net sales.
Diluted earnings per share of $1.58 increased 20% year-over-year.
Revenue by Geographic Location
Forward Guidance
The Company now expects to deliver net sales growth at the high-end of the previously stated guidance, which was between 4% and 8% over the prior year, and Adjusted diluted earnings per share is now expected to be between $6.75 and $6.90 for the full year 2021.
Positive Outlook
- Net sales growth expected at the high-end of the previously stated guidance.
- Adjusted diluted earnings per share is now expected to be between $6.75 and $6.90.
- Interest expense between $25 million and $28 million.
- An effective tax rate of 25% to 26% for the full year 2021.
- An average share count for the full year of 35.5 million shares.
Challenges Ahead
- Ongoing supply chain constraints for hardware.
- Longer lead times required for hardware orders.
- Capital expenditures of $65 to $75 million, including the build out of our new corporate headquarters.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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