secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2023-06-27T23:59:59+00:00
Accession:  0001177394-23-000043
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TD SYNNEX Q2 revenue $14.1B, down 7.9% YoY; non-GAAP EPS $2.43, down 10.7%; achieves $200M cost synergy target
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- Revenue $14.06B (-7.9% YoY); non-GAAP gross billings $18.72B (-4.9% YoY).
- GAAP diluted EPS $1.41 (-9.0%); non-GAAP diluted EPS $2.43 (-10.7%), in-line with guidance.
- Operating margin improved 14 bps to 1.80%; non-GAAP margin 2.67% (+6 bps).
- Achieved $200M merger-related cost synergy target ahead of schedule; targeting additional $50M savings.
- Returned $93M to shareholders via $60M in buybacks and $33M in dividends; dividend $0.35/share declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000117739423000043/0001177394-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000117739423000043/snx-20230627.htm
  HTML page:      https://secwatch.observer/filing/0001177394-23-000043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer