Loading...
•
Dec 31, 2022
Insight Enterprises Q4 2022 Earnings Report
Insight Enterprises reported an outstanding fourth quarter, topping off record-setting financial results for the year 2022.
Key Takeaways
Insight Enterprises reported a 2% decrease in net sales for Q4 2022, but demonstrated strong growth in gross profit, earnings from operations, and diluted earnings per share. The company's gross profit increased by 9%, with gross margin expanding to a record 16.8%. Diluted earnings per share increased by 26% to $2.13, and adjusted diluted earnings per share increased by 25% to $2.53.
Gross profit increased 9% to $420.6 million, with gross margin expanding 180 basis points to a record 16.8%.
Earnings from operations increased 22% to $114.0 million.
Diluted earnings per share of $2.13 increased 26%.
Adjusted diluted earnings per share of $2.53 increased 25%.
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 2023, the Company expects to deliver gross profit growth in the high single digit range and Adjusted diluted earnings per share is expected to be between $9.90 and $10.10.
Positive Outlook
- Gross profit growth in the high single digit range
- Adjusted diluted earnings per share is expected to be between $9.90 and $10.10.
Challenges Ahead
- interest expense between $48 and $52 million
- an effective tax rate of 25% to 26% for the full year
- capital expenditures of $55 to $60 million
- an average share count for the full year of 34.3 million shares after an estimated completion of our planned share repurchases under our current authorization net of estimated dilution.