TD SYNNEX Q1 revenue $14.0B (down 7.6% YoY); non-GAAP EPS $2.99 at upper end; new $2B buyback

TD SYNNEX CORP

2024-Q1 EPS reported $1.93 revenue$13,975,253,000

Q1 FY2024 revenue $14.0B, within $14.0-14.7B outlook; non-GAAP diluted EPS $2.99 vs $2.93 YoY.
Gross margin 7.20% (up 57 bps YoY); cash from operations $385M, free cash flow $344M.
Returned $235M to shareholders in Q1: $199M buybacks + $36M dividends.
Board authorized new $2B share repurchase program, supplementing ~$197M remaining.
Quarterly dividend raised to $0.40/share, up 14% from prior year.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

TD SYNNEX CORP reported fiscal first quarter ended February 29, 2024 results: revenue $14.0 billion, net income $172 million, EPS $1.93.

Period: fiscal first quarter ended February 29, 2024
Revenue: $14.0 billion
Net income: $172 million
EPS: $1.93
Result: reported results

Exact text from the filing

herewith as Exhibit 99.1. --- EX-99.1 (EX-99.1) --- TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization • Revenue of $14.0 billion, within our outlook of $14.0 - $14.7 billion. • Non-GAAP gross billings (1) of $19.3 billion, within our outlook of $19.0 - $20.0 billion. • Gross margin and non-GAAP gross

View on SEC.gov

326 earnings releases filed in the last 30 days. Browse all earnings releases →

TD SYNNEX CORP filing history →

Source: SEC EDGAR

accession 0001177394-24-000033

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.