secwatch.observer — SEC 8-K summary
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Issuer:     TD SYNNEX CORP (SNX)
CIK:        0001177394
Form:       8-K
Filed at:   2024-03-26T23:59:59+00:00
Accession:  0001177394-24-000033
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000033/0001177394-24-000033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1177394/000117739424000033/snx-20240326.htm
  HTML page:      https://secwatch.observer/filing/0001177394-24-000033

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