Core Viewpoint - TD Synnex Corporation is expected to make strategic investments in the global hybrid cloud market and artificial intelligence, which could enhance future net sales growth. The company is also implementing ambitious cost optimization efforts that may lead to future free cash flow (FCF) growth. Additionally, the recent approval of a $2.0 billion share repurchase program may attract significant attention from the investment community. The company appears undervalued based on recent growth metrics, with a fair valuation estimated at approximately $177 per share using a conservative discounted cash flow (DCF) model [1][11][15]. Company Overview - TD Synnex Corporation operates as a distributor and solutions aggregator in the information technology industry, with geographic diversification across North and South America, Europe, Asia-Pacific, and Japan. This diversification may reduce revenue volatility during global economic downturns compared to competitors focused solely on the U.S. market [2]. - Collaborations with major companies like Apple, Cisco, and HP Inc. contribute to the company's reputation in the IT industry, with revenue from these partnerships accounting for about 10% to 11% of total quarterly revenue [2]. Latest Quarter's Earnings - In the latest quarter, TD Synnex reported GAAP EPS of $1.66, missing expectations by $0.42, and total revenue of $13.95 billion, missing expectations by $150.26 million. Analysts project EPS growth of 10% in 2025 and 12% in 2026, with the company trading at 7x 2026 earnings [3][4]. Financial Performance - From 2014 to 2023, TD Synnex experienced significant revenue growth, increasing from $13 billion to approximately $56 billion. Net income rose from $180 million in 2014 to $642 million in the latest report, while EBITDA grew from about $443 million to approximately $1.6 billion in 2024 [6][7]. - The company's total equity increased from $1.6 billion in 2014 to about $7.9 billion in 2024, with the book value per share more than doubling to around $93 [8][9]. Cash Flow and Valuation - The company's FCF has shown an upward trend recently, with expectations for continued growth driven by strategic investments in hybrid cloud and AI technologies. The global hybrid cloud market is projected to grow at a CAGR of 21.2% from 2024 to 2032, reaching approximately $256.04 billion by 2032 [11]. - A three-year $1.0 billion share repurchase program and a new $2.0 billion program are expected to enhance stock demand and potentially lower the company's cost of capital [11]. Analyst Sentiment - Recent reports from analysts indicate a positive outlook for TD Synnex, with six out of twelve analysts recommending a strong buy and four recommending a buy. No analysts have issued sell or strong sell ratings [13]. The company is currently trading at about 7x TTM EBITDA, significantly lower than competitors trading at 11x to 12x [13].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ For the transition period from _________ to _________ Commission File Number: 001-31892 _______________________________________________________________________ o Table of Contents Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 43 Item 6. Exhibits 44 Signatures 46 2 ITEM 1. Financial Statements (Amounts may not add or ...

SNX SNX reported 2Q24 revenue of $13.9 billion, missing consensus estimates by $200 million, but was within the guided range of $13.3 to $14.9 billion. By region, the Americas saw revenue of $8.6 billion, Europe saw revenue of $4.4 billion, and Asia-Pacific (incl. Japan) saw revenue of $964 million. By segment, Endopint Solutions [ES] saw revenue of $6.7 billion (flat vs. 2Q23), non-GAAP gross billings of $7.8 billion (1% growth vs. 2Q23), and goss profit of $341 million (5.1% gross nargin). In the Advanced ...

TD SYNNEX Corporation (SNX) shares plunged 9.6% on Tuesday after it reported weaker-than-expected second-quarter fiscal 2024 results. The company reported second-quarter non-GAAP earnings of $2.73 per share, which fell short of the Zacks Consensus Estimate of $2.76. Some better-ranked stocks from the broader technology sector are NVIDIA (NVDA) , Dropbox (DBX) and Zscaler (ZS) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today's Zacks #1 Rank stocks here. The Zack ...

TD SYNNEX Corporation (NYSE:SNX) Q2 2024 Earnings Call Transcript June 25, 2024 9:00 AM ET Company Participants Liz Morali - Head of IR Rich Hume - CEO Patrick Zammit - COO Marshall Witt - CFO Conference Call Participants Michael Ng - Goldman Sachs Ruplu Bhattacharya - Bank of America Adam Tindle - Raymond James George Wang - Barclays David Vogt - UBS Matt Sheerin - Stifel Keith Housum - Northcoast Vincent Colicchio - Barrington Research Ashish Sabadra - RBC Capital Markets Alek Valero - Loop Capital Operat ...

The reported revenue compares to the Zacks Consensus Estimate of $14.12 billion, representing a surprise of -1.19%. The company delivered an EPS surprise of -1.09%, with the consensus EPS estimate being $2.76. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenue- Americas: $8.56 billion versus the two-analyst average estimate of $ ...

TD SYNNEX (SNX) came out with quarterly earnings of $2.73 per share, missing the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.43 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the e ...

| --- | --- | --- | --- | --- | --- | --- | |-----------|-------|--------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Investor | | | | | | | | | | | | | | June 2024 | | Presentation | | | | | | | | | | | | | | | | | | | | | Safe harbor statement Statements in this presentation regarding TD SYNNEX that are not historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Ac ...

Exhibit 99.1 Consolidated Financial Highlights for the Fiscal 2024 Second Quarter: Regional Fiscal 2024 Second Quarter Highlights ◦ Operating margin was 2.1%, compared to 2.8% in the prior fiscal second quarter. Non-GAAP operating margin was 2.3%, compared to 3.0% in the prior fiscal second quarter. (1) TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.40 per common share. The dividend is payable on July 26, 2024 to stockholders of record as of the close of busin ...

In its upcoming report, TD SYNNEX (SNX) is predicted by Wall Street analysts to post quarterly earnings of $2.76 per share, reflecting an increase of 13.6% compared to the same period last year. Revenues are forecasted to be $14.12 billion, representing a year-over-year increase of 0.4%. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. ...