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Jun 30, 2022
Insight Enterprises Q2 2022 Earnings Report
Insight Enterprises reported record results in net sales, gross profit, earnings from operations and diluted earnings per share for the second quarter of 2022.
Key Takeaways
Insight Enterprises reported a record second quarter with net sales increasing 23% year over year to $2.74 billion. Gross profit increased 19% to $437.9 million, and earnings from operations increased 46% to $129.6 million. Diluted earnings per share increased 53% to $2.42, and adjusted diluted earnings per share increased 46% to $2.78.
Net sales increased 23% year over year to a new record $2.74 billion.
Gross profit increased 19% year over year to a record $437.9 million.
Earnings from operations increased 46% year over year to a record $129.6 million.
Diluted earnings per share of $2.42 increased 53% 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 2022, the Company expects to deliver low double digit net sales growth and Adjusted diluted earnings per share is expected to be between $8.55 and $8.75.
Positive Outlook
- Expects to deliver low double digit net sales growth
- Adjusted diluted earnings per share is expected to be between $8.55 and $8.75
- Assumes interest expense between $30 and $35 million
- Assumes an effective tax rate of 25% to 26% for the full year 2022
- Expects capital expenditures of $65 to $70 million including completion of our new corporate headquarters
Challenges Ahead
- Outlook excludes acquisition-related intangibles amortization expense of approximately $34 million
- Assumes no acquisition or integration related, transformation or severance and restructuring expenses
- Assumes no significant change in our debt instruments
- Inability to reasonably estimate the impact of such expenses, if any, to net earnings, diluted earnings per share and selling and administrative expenses
- Unable to provide a reconciliation of GAAP to non-GAAP diluted earnings per share for the full year 2022 forecast