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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.
Insight Enterprises
Insight Enterprises
Insight Enterprises Revenue by Geographic Location
Revenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAPAC Revenue
CapyFin.com 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
- Outlook does not reflect the repurchase of any shares of the Company’s common stock, excludes acquisition-related expenses, excludes severance and restructuring expenses incurred, excludes amortization of intangible assets of approximately $37 million, and excludes amortization of convertible debt discount and issuance costs of approximately $12 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income