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Dec 31, 2021
Insight Enterprises Q4 2021 Earnings Report
Reported record fourth quarter and full year results
Key Takeaways
Insight Enterprises, Inc. reported a 12% increase in net sales for the fourth quarter of 2021, reaching $2.6 billion, a record for the company. Gross profit also increased by 12%, with a consistent gross margin of 15.0%. Diluted earnings per share for the quarter was $1.69, up 13%, and Adjusted diluted earnings per share was $2.03, up 15%.
Consolidated net sales for Q4 2021 increased 12% year-over-year to $2.57 billion.
Net sales in North America increased 13% year-over-year to $2.09 billion.
Consolidated gross profit increased 12% year-over-year to $384.9 million, with a gross margin of 15.0%.
Diluted earnings per share for Q4 2021 were $1.69, up 13% year-over-year, and Adjusted diluted earnings per share was $2.03, up 15% 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 mid single-digit net sales growth and Adjusted diluted earnings per share is expected to be between $7.65 and $7.85.
Positive Outlook
- Interest expense between $30 million and $35 million.
- Effective tax rate of 25% to 26% for the full year 2022.
- Capital expenditures of $75 to $80 million, including final completion of our new corporate headquarters.
- Average share count for the full year of 35.6 million shares.
- Excludes acquisition-related intangibles amortization expense of approximately $31 million and assumes no acquisition-related or severance and restructuring expenses.