Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

I wrote about TD Synnex Corp. (NYSE: SNX ) previously (in January 2025) with a buy rating, as I was very bullish about the growth outlook, especially with regard to the strong demand from data center Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking ...

TD SYNNEX CORP (SNX) reported non-GAAP earnings of $2.80 per share for the first-quarter fiscal 2025, which missed the Zacks Consensus Estimate by 2.44%. The bottom line declined 6.4% year over year due to rising expenses.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.SNX’s revenues increased 4% year over year to $14.53 billion but missed the consensus mark by 1.78%.On a constant-currency (cc) basis, revenues represent 6% year-over-year growth, driven by advancements in the Endpoint ...

Financial Data and Key Metrics Changes - Gross billings increased by 7.5% year over year in Q1, and 9.5% in constant currency, reaching $20.7 billion [7][22] - Net revenue was $14.5 billion, up 4% year over year, with a gross to net adjustment of approximately 30% [23][30] - Gross profit was $1 billion, representing 4.82% of gross billings, with a year-over-year decline of 40 basis points [24] - Non-GAAP net income was $237 million, with diluted earnings per share at $2.80, both within guidance range [27][30] Business Line Data and Key Metrics Changes - Advanced Solutions grew by 7% year over year, driven by demand for integrated IT solutions [7][23] - Endpoint solutions grew by 8% year over year, with growth across PCs and mobile [7][23] - Hive experienced double-digit growth year over year but was below expectations due to component shipment delays and demand shortfalls [8][39] Market Data and Key Metrics Changes - Latin America and APJ regions grew by double digits in Q1 in constant currency, indicating strong market performance [11][12] - The company expanded its reach to 30,000 active partners and 500,000 end users through its cloud marketplace [10] Company Strategy and Development Direction - The company focuses on profitable growth and free cash flow, with a commitment to mid-single-digit gross billings growth for fiscal 2025 [21][33] - The strategy includes enhancing digital capabilities and expanding partnerships in high-growth markets [10][16] - The company aims to adapt to the evolving IT landscape, driven by trends such as cloud, cybersecurity, and AI [12][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the normalization of business conditions despite temporary softness in Hive [9][40] - The company remains optimistic about the demand environment and its ability to grow, particularly in strategic technologies [42][78] - Management highlighted the importance of maintaining specialized resources to support future demand [61][68] Other Important Information - The company returned $138 million to stockholders in Q1, including $101 million in share repurchases and $37 million in dividends [28] - The Board of Directors approved a cash dividend of $0.44 per common share, payable on April 25, 2025 [29] Q&A Session Summary Question: Can you provide more details on Hive and the reasons for the softer demand? - Management acknowledged that Hive experienced double-digit growth but faced temporary demand pauses and shipment delays, which are expected to normalize in Q2 [39][40] Question: Did you see any pre-buying by customers to avoid tariff increases? - Management indicated that the impact of tariffs has been limited, with growth driven by PC refresh cycles rather than pre-buying [46][48] Question: What are the expectations regarding price increases from vendors? - Management noted that while some vendors are increasing prices, it is not widespread and is being monitored closely [54] Question: Can you clarify the impact of Hive on cash flow and capital allocation? - Management explained that elevated inventory and payables impacted cash flow, but they expect recovery in cash conversion days moving forward [63][67] Question: How does the company view its geographic exposure relative to competitors? - Management highlighted strong market positions in North America and Europe, with opportunities for growth in Latin America and APJ [99][100]

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 90 points on Thursday.The Dow traded down 0.23% to 42,358.68 while the NASDAQ fell 0.05% to 17,890.40. The S&P 500 also fell, dropping, 0.04% to 5,709.99.Check This Out: Top 3 Industrials Stocks Which Could Rescue Your Portfolio This QuarterLeading and Lagging SectorsConsumer discretionary shares jumped by 1.2% on Thursday.In trading on Thursday, information technology shares fell by 0.3%.Top HeadlineShares of TD SYNNEX ...

TD SYNNEX (SNX) reported $14.53 billion in revenue for the quarter ended February 2025, representing a year-over-year increase of 4%. EPS of $2.80 for the same period compares to $2.99 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $14.79 billion, representing a surprise of -1.78%. The company delivered an EPS surprise of -2.44%, with the consensus EPS estimate being $2.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...

TD SYNNEX (SNX) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $2.99 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.44%. A quarter ago, it was expected that this high-tech contractor would post earnings of $3.06 per share when it actually produced earnings of $3.09, delivering a surprise of 0.98%.Over the last four quarters, the com ...

Revenue Performance - Revenue for Q1 FY25 was $14.5 billion, a 4.0% increase from Q1 FY24, with a 6.0% increase on a constant currency basis[4] - Consolidated revenue for Q1 FY25 was $14,531.7 million, an increase of 4.0% from $13,975.3 million in Q1 FY24[34] - TD SYNNEX reported revenue of $14,531.7 million for the three months ended February 28, 2025, an increase of 4% compared to $13,975.3 million for the same period in 2024[28] - The Americas region generated $8.4 billion in revenue, a 6.2% increase from the prior fiscal first quarter[7] - The Europe region reported revenue of $5.1 billion, a 0.4% increase year-over-year[11] - The Asia-Pacific and Japan region saw revenue of $1.0 billion, a 5.2% increase compared to the prior fiscal first quarter[11] Earnings and Income - Diluted EPS for Q1 FY25 was $1.98, a 2.6% increase from $1.93 in Q1 FY24[4] - The company's net income for the same period was $167.5 million, slightly down from $172.1 million year-over-year[28] - Non-GAAP net income for the three months ended February 28, 2025, was $237,371 thousand, a decrease of 10.8% from $266,223 thousand for the same period in 2024[44] - Non-GAAP diluted EPS for the three months ended February 28, 2025, was $2.80, down 6.4% from $2.99 in the prior year[44] Operating Performance - Operating income was $304.5 million, a slight increase of 0.6% from $302.6 million in the prior year[3] - Operating income for the trailing fiscal four quarters was $1,196,098 thousand, an increase of 10.5% from $1,082,442 thousand in the previous year[48] - Non-GAAP operating income for the consolidated entity was $398.8 million, a decrease from $424.6 million in the prior year[40] - Non-GAAP operating margin for consolidated operations was 2.74%, down from 3.04% in Q1 FY24[40] Cash Flow and Liquidity - Cash used in operations was $748 million, compared to cash provided by operations of $385 million in the prior fiscal first quarter[7] - Free cash flow was negative at $(748.0) million for the three months ended February 28, 2025, compared to positive cash flow of $384.7 million for the same period in 2024[30] - Free cash flow for the three months ended February 28, 2025, was $(789,522) thousand, compared to $343,621 thousand in the same period last year[46] - The cash conversion cycle increased to 27 days for the three months ended February 28, 2025, compared to 21 days in the same period last year[50] Forecast and Guidance - For Q2 FY25, the company expects revenue between $13.9 billion and $14.7 billion, with non-GAAP gross billings projected at $19.7 billion to $20.7 billion[8] - The forecast for non-GAAP net income for the three months ending May 31, 2025, ranges from $205 million to $247 million[46] - The forecasted non-GAAP gross billings for the three months ending May 31, 2025, is expected to be between $19.7 billion and $20.7 billion[46] Asset and Liability Management - Total current assets decreased to $19,958.9 million as of February 28, 2025, from $21,324.7 million as of November 30, 2024[26] - Total liabilities decreased to $20,745.7 million as of February 28, 2025, from $22,239.0 million as of November 30, 2024[26] - The company’s cash and cash equivalents decreased to $541.9 million as of February 28, 2025, from $1,059.4 million as of November 30, 2024[26] Segment Performance - Operating income for the Americas segment increased by 21.3% to $193.7 million, compared to $159.7 million in Q1 FY24[32] - Revenue in the Americas was $8,389.3 million, reflecting a 6.2% growth from $7,903.1 million in Q1 FY24[32] - Europe segment revenue slightly increased by 0.4% to $5,137.8 million, while operating income decreased by 20.7% to $85.9 million[32] - Asia-Pacific and Japan revenue grew by 5.2% to $1,004.6 million, but operating income fell by 28.3% to $24.8 million[32] Other Financial Metrics - Non-GAAP gross billings reached $20.7 billion, up 7.5% year-over-year, and increased by 9.5% in constant currency[4] - Non-GAAP gross billings reached $20,718.2 million, up 7.5% from $19,266.7 million in the previous year[36] - Adjusted selling, general and administrative expenses as a percentage of revenue decreased to 4.77% from 5.03% year-over-year[38] - The impact of foreign currency changes contributed an additional $283.7 million to consolidated revenue[34] - Days inventory outstanding increased to 56 days for the three months ended February 28, 2025, compared to 50 days in the prior year[50] Management Insights - TD SYNNEX management emphasizes the importance of non-GAAP financial measures for understanding operational results and trends[20] - The company incurred acquisition, integration, and restructuring costs of $1.1 million for the three months ended February 28, 2025, down from $31.6 million in the prior year[28] - Share-based compensation expense for the three months ended February 28, 2025, was $21.9 million, compared to $17.5 million for the same period in 2024[30] - Return on Invested Capital (ROIC) improved to 8.4% for the three months ended February 28, 2025, compared to 7.5% in the prior year[48]

Company Overview - Siteimprove has appointed Nayaki Nayyar as the new Chief Executive Officer (CEO) and Board Member, aiming to drive innovation and growth within the company [1][2] - The company is recognized as a leading AI-powered SaaS platform that focuses on delivering compliant and accessible digital content experiences [1][4] Leadership Background - Nayaki Nayyar brings over 25 years of experience in enterprise software, having previously served as CEO at Securonix, where she led significant transformation and innovation [2] - Her career includes leadership roles at Ivanti, SAP, and BMC Software, contributing to substantial growth and strategic expansions [2] - John Damgaard has been appointed as Chairman of the Board, bringing extensive experience from his previous role as CEO of VelocityEHS [3] Strategic Vision - Nayyar emphasizes the importance of an AI-powered platform that integrates accessibility, analytics, and search engine optimization to help enterprises achieve their revenue, reputation, and compliance goals [3] - The company plans to enhance its accessibility capabilities with content intelligence, aiming to maximize customer reach and return on digital assets [3] Market Position and Future Plans - Siteimprove is positioned as a leader in the industry, with new products set to launch in 2025 under Nayyar's leadership [3] - The company serves a diverse client base across various sectors, including manufacturing, government, higher education, financial services, and healthcare [4]

Core Insights - Zacks Premium provides various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors identify stocks with high potential for market outperformance [2] Zacks Style Scores Overview - Stocks are rated from A to F based on value, growth, and momentum characteristics, with A being the highest score [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score [3][4][5][6] Value Score - The Value Score focuses on identifying undervalued stocks using financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Score evaluates stocks based on projected and historical earnings, sales, and cash flow to find those with sustainable growth potential [4] Momentum Score - The Momentum Score assesses stocks based on price trends and earnings estimate changes to identify favorable buying opportunities [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive rating that highlights stocks with attractive value, growth forecasts, and momentum [6] Zacks Rank and Performance - The Zacks Rank utilizes earnings estimate revisions to guide investors, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - There are over 800 stocks rated 1 or 2, making it essential for investors to use Style Scores to narrow down their choices [9] Stock Example: TD SYNNEX - TD SYNNEX, a business process services company, holds a 3 (Hold) Zacks Rank and a VGM Score of B [12] - The company has a Value Style Score of A, with a forward P/E ratio of 11.02, indicating attractive valuation metrics [13] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate at $12.70 per share and an average earnings surprise of 1.7% [13]