Loading...
•
Dec 31, 2020
Insight Enterprises Q4 2020 Earnings Report
Insight Enterprises reported flat net sales but increased gross profit and diluted earnings per share in Q4 2020.
Key Takeaways
Insight Enterprises reported flat net sales year-over-year, but gross profit increased by 1% and diluted earnings per share increased by 25%. The company saw double-digit growth in cloud and warranty solutions, pushing gross margins to 15%.
Net sales for the fourth quarter of 2020 were flat year-over-year.
Gross profit increased by 1% compared to the fourth quarter of 2019.
Diluted earnings per share for the quarter was $1.50, up 25% year-over-year.
Adjusted diluted earnings per share was $1.76, up 12% year-over-year.
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 2021, the Company expects to deliver net sales growth in the 4% to 8% range and Adjusted diluted earnings per share is expected to be between $6.60 and $6.80.
Positive Outlook
- The Company expects to deliver net sales growth in the 4% to 8% range
- Adjusted diluted earnings per share is expected to be between $6.60 and $6.80.
- 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 approximately 36 million shares.
Challenges Ahead
- Interest expense between $25 million and $28 million
- An effective tax rate of 25% to 26% for the full year 2021
- Capital expenditures of $75 to $85 million, including approximately $60 million for the build out of our new corporate headquarters
- An average share count for the full year of approximately 36 million shares.
- Acquisition-related intangibles amortization expense of approximately $32 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income