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Sep 30, 2020
Insight Enterprises Q3 2020 Earnings Report
Insight Enterprises' Q3 2020 results were released, showing an increase in gross profit and earnings per share.
Key Takeaways
Insight Enterprises reported a 1% increase in net sales, an 11% increase in gross profit, and a 45% increase in diluted earnings per share compared to the third quarter of 2019. The company's focus on higher margin cloud and services business, along with increased hardware margins, contributed to the growth in gross profit and gross margin.
Gross profit increased 11% to $307.6 million.
Gross margin expanded 150 basis points to 15.9%.
Earnings from operations increased 38% to $61.5 million.
Diluted earnings per share increased 45% to $1.10.
Revenue by Geographic Location
Forward Guidance
For the full year 2020, the Company expects to deliver net sales between $8.1 billion and $8.2 billion. The Company’s Adjusted diluted earnings per share outlook for the full year of 2020 is between $5.88 and $5.98. This outlook assumes a tax rate of 25.5% for the fourth quarter.
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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