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Nov 30, 2024
TD Synnex Q4 2024 Earnings Report
TD Synnex's financial performance reflected strong results, driven by their end-to-end portfolio, global reach, and differentiated value proposition.
Key Takeaways
TD Synnex reported Q4 revenue of $15.8 billion, exceeding their outlook. Net income was $195 million, with non-GAAP net income reaching $263 million. Diluted EPS was $2.29, and non-GAAP diluted EPS was $3.09, also surpassing expectations. The company's strong performance was attributed to its comprehensive portfolio and global presence.
Revenue for the fiscal fourth quarter was $15.8 billion, above the outlook of $14.9 - $15.7 billion.
Non-GAAP gross billings for the fiscal fourth quarter were $21.2 billion, exceeding the midpoint of the outlook.
Net income for the fiscal fourth quarter was $195 million, and non-GAAP net income was $263 million.
Diluted earnings per share for the fiscal fourth quarter were $2.29, and non-GAAP diluted EPS was $3.09, above the midpoint of the outlook.
Revenue by Geographic Location
Forward Guidance
TD SYNNEX provided the following outlook for the fiscal 2025 first quarter:
Positive Outlook
- Revenue is expected to be between $14.4 billion and $15.2 billion.
- Non-GAAP gross billings are projected to be between $19.7 billion and $20.7 billion.
- Net income is estimated to be between $147 million and $189 million.
- Non-GAAP net income is forecasted to be between $224 million and $266 million.
- Diluted earnings per share are expected to be between $1.74 and $2.24.
Challenges Ahead
- Non-GAAP diluted earnings per share are expected to be between $2.65 and $3.15.
- Estimated outstanding diluted weighted average shares are expected to be 83.8 million.
- These statements are forward-looking and actual results may differ materially.
- Guidance excludes the impact of acquisition, integration and restructuring costs, amortization of intangible assets, share-based compensation, and the related tax effects thereon.
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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