TD SYNNEX Boosts Dividend As CEO Highlights Record Gross Billings

Core Insights - TD SYNNEX reported record third-quarter results, exceeding revenue and earnings forecasts, but shares declined despite strong growth and a 10% dividend increase [1][2]. Financial Performance - The company achieved revenue of $15.65 billion, surpassing analysts' expectations of $15.11 billion, and reflecting a 6.6% increase from $14.69 billion in the previous year [1]. - Adjusted earnings per share were reported at $3.58, exceeding the forecast of $3.05 per share, marking a 25.2% growth from $2.86 per share a year ago [2]. - Adjusted gross billings increased by 12.1% year over year to $22.73 billion, exceeding the high end of the company's outlook [3]. Dividend Announcement - The board approved a quarterly cash dividend of 44 cents per share, representing a 10% year-over-year increase, payable on October 31, 2025, to shareholders of record as of October 17 [3]. Future Outlook - For the fourth quarter of 2025, the company anticipates adjusted earnings between $3.45 and $3.95 per share, higher than the market expectation of $3.33 per share [4]. - Revenue for the upcoming quarter is projected to be between $16.50 billion and $17.30 billion, exceeding the anticipated $15.99 billion [4]. - Adjusted gross billings for the next quarter are expected to range between $23 billion and $24 billion [4]. Stock Performance - Despite the positive financial results, SNX shares were trading lower by 3.26% to $145.44 in premarket trading [5].