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Dec 31, 2019
Insight Enterprises Q4 2019 Earnings Report
Insight Enterprises reported strong Q4 2019 results driven by the acquisition of PCM, Inc.
Key Takeaways
Insight Enterprises reported a 31% increase in net sales to $2.3 billion and a 33% increase in gross profit to $338.0 million for the fourth quarter of 2019. Diluted earnings per share decreased 8% to $1.20, while adjusted diluted earnings per share increased 11% to $1.57.
Net sales increased 31% year over year to $2.3 billion for the fourth quarter.
Gross profit increased 33% year over year to $338.0 million for the fourth quarter.
Diluted earnings per share decreased 8% to $1.20 for the fourth quarter.
Adjusted diluted earnings per share increased 11% to $1.57 for the fourth quarter.
Revenue by Geographic Location
Forward Guidance
For the full year 2020, the Company expects to deliver sales growth in the 20 to 25% range, including the results of PCM, and Adjusted diluted earnings per share is expected to be between $6.55 and $6.65.
Positive Outlook
- Sales growth in the 20 to 25% range
- Adjusted diluted earnings per share is expected to be between $6.55 and $6.65
- Interest expense between $35 million and $40 million
- Effective tax rate of 25% to 26%
- Average share count of approximately 36.0 million shares
Challenges Ahead
- Interest expense between $35 million and $40 million
- Effective tax rate of 25% to 26%
- Capital expenditures of $55 million to $60 million, including approximately $35 million for the build out of our corporate headquarters
- Average share count of approximately 36.0 million shares
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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