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Insight Enterprises adds $100M swingline sub-facility via seventh amendment to ABL credit agreement
Adds $100 million swingline sub-facility to existing ABL credit agreement dated August 30, 2019.
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Insight Enterprises shareholders approve elimination of supermajority voting requirements
Proposal to amend certificate of incorporation to eliminate supermajority voting and adopt majority standard was approved (27.4M for, 11.5k against).
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Insight Q1: net earnings $30M (+>100%), adj EPS $2.88 on revenue $2.1B (+1%)
Net sales $2.1B (+1% YoY); gross profit $462.2M (+14%), margin 21.7% (+240 bps).
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Insight appoints ex-Accenture exec Jack Azagury as CEO effective April 13, 2026
Azagury's compensation: $1.1M base salary, $1.65M target cash incentive, $18M in equity awards.
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Insight Q4 net earnings up 40% YoY to $52M; adjusted EPS $2.96, +11%
Consolidated Q4 net sales $2.0B (-1% YoY); full year net sales $8.2B (-5%).
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Insight Enterprises authorizes $299M stock repurchase program
Board approved up to $299M in share repurchases on December 17, 2025.
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Insight Enterprises upsizes ABL facility to $2.0B, extends maturity to 2030
Revolving credit facility increased from $1.8B to $2.0B; maturity extended to December 19, 2030 from July 22, 2027.
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CEO Joyce Mullen to retire, stay on as EVP Strategic Development through 2028
CEO and director Joyce Mullen to retire upon election of successor, then serve as EVP Strategic Development until March 2028.
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Insight Q3 net sales down 4% to $2.0B; adjusted EPS up 11% to $2.43
Net sales $2.0B (-4% YoY); gross profit flat at $434.2M; gross margin +100bps to 21.7%.
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Insight Enterprises CEO Joyce Mullen to retire; succession planned in Q1 2026
Joyce Mullen to retire as President, CEO, and Board member effective upon election of successor.
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Insight Enterprises acquires Inspire11 to boost AI and business transformation capabilities
Acquisition of Chicago-based Inspire11, a technology delivery firm with data and AI expertise.
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Insight Q2 net earnings drop 46% YoY to $46.9M; adjusted EPS flat at $2.45
Diluted EPS of $1.46 down 36% YoY; adjusted diluted EPS of $2.45 flat YoY.
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Insight Enterprises buys 600k shares from ValueAct for ~$76M at $126.86/share
Purchased 600,000 shares from ValueAct Capital Master Fund at $126.86/share for aggregate cash consideration of $76,117,704.
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Insight Enterprises shareholders elect all 10 directors, approve say-on-pay and KPMG ratification
Ten directors elected with strong support; Catherine Courage received highest against votes (2.4M).
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Insight Enterprises Q1 net sales $2.1B (-12%), net earnings $7.5M (-89%)
Net sales $2.1B, down 12% YoY; gross profit $406.5M down 8%; gross margin expanded 80bps to 19.3%.
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Director Alexander Baum to retire; Insight signs confidentiality pact with ValueAct
Alexander Baum will not stand for re-election at 2025 annual meeting; board to shrink to 10 directors.
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Director Kathleen Pushor to retire from Insight board, not standing for reelection
Kathleen S. Pushor notified the Board on Feb 11, 2025 of her retirement plan.
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Insight Q4 net earnings down 59% to $37M; gross margin record 21.2%
Q4 net sales $2.1B (-7% YoY); net earnings $37.0M (-59% YoY); diluted EPS $0.99 (-59%).
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Insight Q3 net sales down 8% to $2.1B; diluted EPS $1.52 (-6% YoY)
Net sales $2.1B (-8% YoY); gross profit $432M (+6%); gross margin 20.7% (+270bps).
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Insight Enterprises announces $300M stock repurchase program
Board authorized up to $300 million in common stock repurchases.
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Insight Enterprises names James Morgado CFO; Janet Foutty and Thomas Reichert join board
James Morgado, currently SVP & N.A. CFO, becomes CFO on Jan 1, 2025, succeeding retiring CFO Glynis Bryan.
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Insight Q2: Revenue $2.2B (-8% YoY), EPS $2.27 (+5%), gross margin expands to 21.0%
Net sales $2.2B, down 8% YoY; product sales -11%, services +8%; gross profit $453.4M (+5%), margin 21.0% (+260 bps).
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Insight Enterprises reports 2024 annual meeting voting results; all proposals approved
Ten directors elected, each with over 30 million votes for; no director received significant opposition.
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Insight Enterprises issues $500M of 6.625% senior notes due 2032
Issued $500M aggregate principal of 6.625% senior notes due May 15, 2032; net proceeds used to repay ABL facility borrowings.
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Insight Enterprises proposes $500M senior notes due 2032 to repay revolver
Plans to offer $500M aggregate principal of Senior Notes due 2032.
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Insight Enterprises prices $500M of 6.625% senior notes due 2032
Priced $500M aggregate principal of 6.625% senior notes due 2032.
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Insight Enterprises posts record Q1: adjusted EPS $2.37 (+33% YoY), gross margin 18.5%
Q1 net sales $2.4B (+2% YoY); gross profit record $440.9M (+13%); gross margin 18.5% (record Q1).
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Insight CFO Glynis Bryan to retire Dec 31, 2024; search for successor underway
Glynis Bryan, CFO since Dec 2007, plans to retire effective Dec 31, 2024.
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Insight amends 8-K to withdraw commitment to file SADA acquisition financial statements
Insight acquired SADA Systems on December 1, 2023, per October 25, 2023 Equity Purchase Agreement.
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Insight Enterprises Q4 adjusted EPS $2.98 (+18% YoY); gross margin record 19.5%
Q4 net sales $2.2B, down 11% YoY; gross profit up 4% to $436.2M, margin expanded 270 bps to record 19.5%.
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Insight closes $410M acquisition of SADA Systems, Google Cloud partner; sees $0.55-$0.75 EPS boost in FY2024
Paid $410M cash-free, debt-free for all equity of SADA; earnout up to $390M based on EBITDA and revenue goals through 2026.
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Insight Enterprises Q3 adjusted EPS rises 19% to $2.37; revenue down 11%
Net sales $2.3B, down 11% YoY; services net sales up 3%, product net sales down 13%.
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Insight Q2 EPS drops 10% to $2.17; revenue falls 14% to $2.3B
Gross profit down 1% to $433M; record gross margin 18.4% (up 240 bps YoY).
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Insight Enterprises board opts for annual advisory vote on exec compensation after shareholder vote
Shareholders voted 29,374,906 for one-year frequency vs. 1,264 (two years) and 1,381,309 (three years).
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Insight Enterprises authorizes new $300M stock repurchase program
Board authorized $300M stock repurchase program, inclusive of $100M remaining from prior authorization.
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Insight Enterprises shareholders elect all 10 directors, approve say-on-pay and ESPP
All 10 director nominees elected with >98% 'for' votes; broker non-votes ~976K shares.
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Insight Q1 net sales down 12% to $2.3B, gross margin expands 250bps, adjusts EPS -2%
Net sales of $2.3B, down 12% YoY; North America -11%, EMEA -20%, APAC +15%.
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Insight Enterprises reports record FY2022; Q4 adj. EPS $2.53, up 25% YoY
Q4 net sales $2.5B (-2% YoY); gross profit $420.6M (+9%) with record gross margin 16.8%.
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Insight Enterprises announces EMEA President transition: de Sousa steps down, Gregory appointed Jan 2
Emma de Sousa to step down as President of EMEA business effective December 31, 2022.
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Insight Enterprises Q3 2022: Revenue $2.53B (+4%), Adj. EPS $1.99 (+6%)
Gross profit $399.3M (+10% YoY); gross margin expanded 90 bps to 15.8%.
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Insight Enterprises holds 2022 Investor Day; exhibit lists presenters only
Held 2022 Investor Day in New York on October 11, 2022.
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Insight Enterprises approves $300M stock repurchase program, including $50M remaining
Board authorized repurchase of up to $300M common stock; $50M was already available under prior program.
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Insight Enterprises posts record Q2 net sales of $2.74B, EPS $2.42 (+53% YoY)
Net sales rose 23% YoY to $2.74B; gross profit up 19% to $437.9M.
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Insight Enterprises amends credit agreement: facility increased to $1.8B, maturity extended to 2027
ABL revolver raised from $1.2B to $1.8B; $1.45B for U.S. borrowers, $350M multi-currency.
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All director nominees elected, say-on-pay passed, KPMG ratified at Insight's 2022 annual meeting.
Nine directors elected; for votes ranged from 31.7M to 32.2M shares, no close races.
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Insight Enterprises reports record Q1 2022 revenue $2.65B, Adj. EPS $1.81 up 39% YoY
Net sales $2.65B (+21% YoY); gross profit $378.9M (+14%); gross margin 14.3% down 80bps.
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Insight appoints ValueAct partner Alexander Baum to board under cooperation agreement
Alexander L. Baum elected to board effective Feb 15, 2022; he is a partner at ValueAct Capital, which holds ~10% of Insight's stock.
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Insight Enterprises reports record FY2021 sales of $9.44B, diluted EPS up 22% to $5.95
Full-year net sales rose 13% to record $9.44B; gross profit up 11% to $1.45B.
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Insight Enterprises (NSIT): Ken Lamneck retires as CEO; Joyce Mullen succeeds Jan 1, 2022
Ken Lamneck retired as President, CEO, and Board member effective Dec 31, 2021; will continue as advisor.
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Insight Enterprises Q3 net sales up 26% to $2.45B; adj. EPS $1.87 (+36% YoY)
Net sales $2.45B (+26% YoY); gross profit $364.5M (+19% YoY); gross margin 14.9% (-100 bps).