Core Viewpoint - Dycom Industries, Inc. has appointed Phillip R. Gallagher to its Board of Directors, effective October 7, 2025, bringing significant industry expertise and operational insight to the company [1][3][4]. Company Overview - Dycom Industries is a leading provider of specialty contracting services to the telecommunications infrastructure and utility industries in the United States, offering services such as program management, planning, engineering, design, construction, maintenance, and fulfillment for telecommunications providers [6][7]. Appointment Details - Phillip R. Gallagher is currently the CEO of Avnet, Inc., a Fortune 500 global technology distributor, and has extensive experience in various leadership roles within the company since 1982 [3][5]. - His appointment is expected to enhance Dycom's market position and contribute to long-term shareholder value [4][5]. Leadership Insights - Richard Sykes, Dycom's Independent Chairman, expressed confidence that Gallagher's industry expertise and operational experience will provide significant strategic guidance [4]. - Dan Peyovich, Dycom's President and CEO, highlighted Gallagher's ability to navigate complex markets as a tremendous asset for the company's ongoing strategy execution [4].

Core Insights - Three stocks with strong value characteristics and a buy rank are highlighted for investors: International Consolidated Airlines Group S.A. (ICAGY), ScanSource, Inc. (SCSC), and Urban Outfitters, Inc. (URBN) [1][2][3] Company Summaries - **International Consolidated Airlines Group S.A. (ICAGY)**: - Zacks Rank: 1 - Earnings estimate increased by 11.8% over the last 60 days - Price-to-earnings (P/E) ratio: 6.81, compared to the industry average of 8.80 - Value Score: A [1][2] - **ScanSource, Inc. (SCSC)**: - Zacks Rank: 1 - Earnings estimate increased by 7.9% over the last 60 days - Price-to-earnings (P/E) ratio: 11.11, compared to S&P 500 average of 24.73 - Value Score: A [1][3] - **Urban Outfitters, Inc. (URBN)**: - Zacks Rank: 1 - Earnings estimate increased by 5.4% over the last 60 days - Price-to-earnings (P/E) ratio: 13.91, compared to the industry average of 20.90 - Value Score: A [1][3]

-Flying the channel flag - Climb is the only global technology and IT distributor named on the list- -Climb named alongside Oracle, NVIDIA, Amazon, Microsoft and many more- EATONTOWN, N.J., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB)… today announced it has been included in the inaugural 2025 America’s Greatest Companies list, published by Newsweek. Newsweek and Plant-A ...

Core Insights - Ingram Micro Holding Corporation is preparing for a public offering again, but concerns exist regarding sales declines, thin margins, and increased debt levels [1] Group 1: Company Overview - Ingram Micro operates in a competitive and rapidly changing technology distribution sector [1] Group 2: Financial Performance - The company has experienced sales declines, which raises concerns about its financial health [1] - The margins are described as thin, indicating potential challenges in profitability [1] - Increased debt levels have been noted, which could impact the company's financial stability [1]

Core Insights - Five stocks have been added to the Zacks Rank 1 (Strong Buy) List, indicating strong potential for investment Group 1: Company Performance - Phillips 66 (PSX) operates 13 refineries in the U.S. with a total refining capacity of 2.2 million barrels per day; its current year earnings estimate has increased by 12.9% over the last 60 days [1] - ScanSource (SCSC) serves as a value-added distributor of specialty technologies in North America; its current year earnings estimate has increased by 7.9% over the last 60 days [2] - Ralph Lauren (RL) is a major designer and distributor of premium lifestyle products globally; its current year earnings estimate has increased by 7.4% over the last 60 days [3] - BanColombia (CIB) is Colombia's largest bank by assets, with significant market participation in deposits and loans; its current year earnings estimate has increased by 7% over the last 60 days [4] - Corning (GLW) specializes in advanced glass technologies for various applications; its current year earnings estimate has increased by 5.1% over the last 60 days [5]

Financial Data and Key Metrics Changes - Consolidated gross billings reached $22.7 billion, growing 12%, with a 10% increase in constant currency [3][4] - Non-GAAP diluted earnings per share of $3.58, a 25% year-over-year increase, exceeded guidance [4][14] - Net revenue was $15.7 billion, up 7% year-over-year, above the high end of guidance [12][14] - Gross profit increased 18% year-over-year to $1.1 billion, with gross margin as a percentage of gross billings at 5% [12][14] - Non-GAAP operating income rose 21% year-over-year to $475 million, with an operating margin of 2.09% [14] Business Line Data and Key Metrics Changes - Endpoint Solutions portfolio gross billings increased 10% year-over-year, driven by demand for PCs and AI PCs [10][14] - Advanced Solutions portfolio gross billings grew by 13% year-over-year, with a notable 8% increase excluding HIVE [11][14] - HIVE gross billings increased in the mid-30s year-over-year, with ODM/CM gross billings up 57% [4][12] Market Data and Key Metrics Changes - Strong double-digit growth in gross billings was observed in Latin America and Asia Pacific & Japan [5] - SMB and MSP segments grew substantially above the company average in most geographies [5] - U.S. public sector business saw low single-digit growth, with state and local strength offset by federal softness [6] Company Strategy and Development Direction - The company is focused on a differentiated and specialized go-to-market strategy to strengthen its competitive position [6][9] - Plans to enhance the Destination AI Enablement Program to support partners in adopting AI solutions [7] - A unified portal, TD SYNNEX Partner First, is being launched to optimize partner experience and streamline operations [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, particularly in HIVE and distribution [19][30] - The company anticipates sustained demand for PCs driven by the Windows 11 refresh cycle and AI PCs [23] - For Q4, gross billings are expected to be in the range of $23 to $24 billion, with net revenue between $16.5 to $17.3 billion [16][17] Other Important Information - Free cash flow for the year is expected to be approximately $800 million, with Q4 free cash flow projected around $850 million [24][25] - The company returned $210 million to stockholders in the quarter, with $174 million in share repurchases and $36 million in dividends [14] Q&A Session Summary Question: HIVE dynamics in fiscal forecast - Management noted strong growth across all programs and customers, with confidence in continued demand for Q4 [19][20] Question: Comments on PC pull forward and free cash flow expectations - Management indicated limited pull forward for PCs, driven mainly by the Windows 11 refresh and AI PCs [23] - Free cash flow expectations adjusted to approximately $800 million for the year, with Q4 expected to contribute significantly [24][25] Question: Sustainability of current performance - Management believes the dynamics driving overperformance will continue into Q4, particularly in distribution and HIVE [29] Question: Progress in onboarding new customers for HIVE - Management confirmed ongoing diversification of the customer base, with growth primarily from networking and traditional compute [32][33]

Financial Data and Key Metrics Changes - Consolidated gross billings reached $22.7 billion, growing 12%, or 10% in constant currency, with non-GAAP diluted earnings per share of $3.58, a 25% year-over-year increase [3][4][10] - Net revenue was $15.7 billion, up 7% year over year, with gross profit increasing 18% to $1.1 billion [12][14] - Non-GAAP operating income rose 21% year over year to $475 million, with a non-GAAP operating margin of 2.09%, representing a 15 basis point improvement [13][14] Business Line Data and Key Metrics Changes - The Endpoint Solutions portfolio saw a 10% increase in gross billings, driven by demand for PCs and a higher mix of AI PCs [10][11] - Advanced Solutions portfolio gross billings increased by 13% year over year, with HIVE reporting mid-30s growth due to strong demand in cloud infrastructure [11][12] - Software gross billings increased by 26%, driven by cybersecurity and infrastructure software [4] Market Data and Key Metrics Changes - Latin America and Asia Pacific & Japan experienced strong double-digit growth in gross billings, validating the company's go-to-market strategy [5] - The U.S. public sector business saw low single-digit growth, with state and local strength offset by federal softness [6] Company Strategy and Development Direction - The company is focused on expanding its addressable market by onboarding new vendors and enhancing its go-to-market strategy [6][9] - The Destination AI Enablement Program is being enhanced to support partners in adopting AI solutions [7] - A unified portal, TD SYNNEX Partner First, is being launched to optimize partner experience and streamline operations [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, particularly in HIVE and distribution, driven by healthy demand from hyperscalers [19][30] - The company anticipates gross billings in Q4 to be in the range of $23 to $24 billion, representing an increase of approximately 11% at the midpoint [16] Other Important Information - Free cash flow for the year is expected to be approximately $800 million, with Q4 free cash flow projected around $850 million [24][25] - The board approved a cash dividend of $0.44 per common share, payable on October 31, 2025 [15] Q&A Session Summary Question: HIVE dynamics in fiscal forecast - Management noted that HIVE had significant growth across all programs and customers, with expectations for continued demand in Q4 [19][20] Question: Comments on PC pull forward and free cash flow expectations - Management indicated limited pull forward for PCs, driven mainly by the Windows 11 refresh and AI PCs, with free cash flow expectations adjusted to approximately $800 million for the year [22][24] Question: Sustainability of current performance - Management believes the overperformance is sustainable, driven by strong demand in PCs, software, and cybersecurity [30] Question: Progress in onboarding new customers for HIVE - Management confirmed ongoing progress in diversifying the customer base, with growth primarily from networking and traditional compute [33][34]

Company Overview - TD SYNNEX Corporation is a significant player in the business process services sector, distributing a variety of products including PC systems, mobile phones, IT systems, and consumer electronics. The company also offers systems design, logistics, cloud services, and marketing services to resellers, system integrators, and retailers, positioning itself as a key player in the technology distribution industry [1] Price Target Trends - The consensus price target for TD SYNNEX has shown an upward trend over the past year, increasing from $148.22 a year ago to $155.6 in the last quarter, and further to $173 in the past month, indicating growing optimism among analysts regarding the company's stock performance [2][6] Financial Performance - In the second quarter, TD SYNNEX reported strong financial results, surpassing guidance with significant revenue growth, improved profit margins, and impressive cash generation. The company's business model, focusing on scale and efficient management of working capital, supports its high-quality economic framework [3][6] Upcoming Earnings Report - The upcoming third-quarter earnings report is expected to reflect higher earnings for TD SYNNEX, with the stock having already increased by 5.8% since the last earnings report 30 days ago. Despite a lower price target of $130 from analyst Matthew Sheerin, the overall sentiment remains positive, with a valuation analysis suggesting a fair value between $170 and $175 [4][5] Investment Case - The strong financial performance of TD SYNNEX, along with a trailing free cash flow yield of 6% and steady dividend growth, strengthens the investment case for the company [5]

Core Insights - Climb Channel Solutions has announced a North American Distribution Partnership with Forcepoint, a leader in data security [1] - The partnership aims to combine Climb's channel expertise with Forcepoint's AI-native data security solutions to enhance data protection for organizations [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions [4] - The company emphasizes a data-driven approach to distribution, aiming to accelerate the market entry of emerging technologies [4] Partnership Details - The strategic alliance will enable Climb to offer Forcepoint's intelligent, adaptive data security solutions to a broader range of resellers and customers across North America [2][3] - Forcepoint's platform is designed to automatically protect sensitive data across multiple channels, enhancing security in an AI-driven environment [2][3] Leadership Statements - Tim Puccio from Forcepoint highlighted the need for self-aware data security that adapts to changing risks, which this partnership aims to address [3] - Dale Foster, CEO of Climb, expressed excitement about the partnership, noting its alignment with the evolving needs of enterprises for smarter security solutions [3]

Core Viewpoint - GCL Global Holdings Ltd has completed the acquisition of Ban Leong Technologies Limited through its subsidiary Epicsoft Asia, and has filed a Form 6-K with the SEC detailing this transaction [1][7]. Company Overview - GCL Global Holdings Ltd is a prominent provider of games and entertainment, focusing on immersive experiences and engaging content for gaming communities, particularly in the rapidly growing Asian gaming market [3][4]. - Epicsoft Asia, a subsidiary of GCL, is a leading distributor of interactive entertainment software, with a strong network and successful track record in game launches across Taiwan, Hong Kong, and Southeast Asia [4]. - Ban Leong Technologies Limited, incorporated in Singapore in 1993 and listed on the Singapore Stock Exchange in 2005, specializes in the wholesale and distribution of computer peripherals and multimedia products, with key segments including IT accessories and gaming [5]. Financial Information - The Form 6-K includes audited financial statements for Ban Leong for the fiscal years ending March 31, 2024, and March 31, 2025 [7]. - It also presents unaudited pro forma condensed combined statements of income and comprehensive income, reflecting the business acquisition as if it had occurred on April 1, 2024, and a combined balance sheet as of March 31, 2025 [7].