earnings
confidence high
sentiment positive
materiality 0.75
TD SYNNEX reports Q3 revenue of $14.7B, non-GAAP EPS $2.86, dividend raised 14% to $0.40
TD SYNNEX CORP
2024-Q3 EPS reported
$5.67
revenue$42,607,873,000
- Revenue $14.7B at upper end of $13.3-$14.9B outlook, up 5.2% YoY; non-GAAP gross billings $20.3B, above guidance.
- Non-GAAP diluted EPS $2.86 (above outlook midpoint); GAAP diluted EPS $2.08, up 39.6% YoY.
- Quarterly cash dividend raised 14% to $0.40 per share; $91M returned to holders via buybacks and dividends.
- Cash from operations $386M, free cash flow $339M; Americas revenue +2.4%, Europe +8.6%, APJ +17.6%.
- Non-GAAP operating income $393M (2.7% margin); net income $179M GAAP, $245M non-GAAP.