earnings
confidence high
sentiment positive
materiality 0.70
TD SYNNEX Q2 EPS up 17.7% to $1.66 GAAP; revenue $13.9B; dividend raised 14% to $0.40
TD SYNNEX CORP
2024-Q2 EPS reported
$3.60
revenue$27,923,161,000
- GAAP diluted EPS $1.66 (up 17.7% YoY); non-GAAP diluted EPS $2.73 (up 12.4% YoY); both within outlook.
- Revenue of $13.9B (down 0.8% YoY); non-GAAP gross billings $19.3B (up 3.1%); gross margin 6.98% (+13 bps).
- Returned $288M to shareholders via $254M buybacks and $34M dividends, up 210% YoY; quarterly dividend increased 14% to $0.40.
- Americas segment non-GAAP operating margin 3.3% (up 30 bps); cash used in ops $115M; negative free cash flow $153M on Hyve growth.