Financial Data and Key Metrics Changes - For Q1 2026, the company reported a 6% increase in gross profits and a 26% year-over-year growth in non-GAAP EPS [9] - Adjusted EBITDA margins were at 5.2%, with cash conversion of non-GAAP net income at 88% [9] - The company ended Q1 with approximately $125 million in cash and a net debt leverage ratio close to zero [10] Business Line Data and Key Metrics Changes - In the specialty technology solutions segment, net sales declined by 5% year-over-year and 9% quarter-over-quarter, influenced by approximately $40 million of large deal pull-ins in Q4 [9] - The Intellisys and advisory segment saw a 4% increase in net sales year-over-year, with annualized net billings reaching approximately $2.78 billion [10] Market Data and Key Metrics Changes - The percentage of gross profits from recurring revenues in the specialty technology solutions segment was approximately 13% [10] - The company maintained its market share despite the decline in net sales, indicating stability in its competitive position [10] Company Strategy and Development Direction - The company is focusing on helping channel partners transition from traditional VAR to solution providers and technology architects, emphasizing the importance of integrated converged solutions [4][5] - Recent acquisitions, including DataZoom, are expected to enhance the company's capabilities in mobile data connectivity and support its strategic goals [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future growth of technology distribution, driven by the convergence of hardware, software, and services [4] - The company reaffirmed its full-year outlook, expecting net sales growth between $3.1 billion and $3.3 billion, with adjusted EBITDA ranging from $150 million to $160 million [12] Other Important Information - The company is actively pursuing acquisitions to expand its capabilities and drive additional value across its partner ecosystem [11] - The management highlighted the importance of gross profit growth as a key performance indicator moving forward [16] Q&A Session Summary Question: Concerns about top-line revenue decline - Management clarified that they prioritize profitable growth and do not believe they are losing market share, attributing revenue challenges to timing and deal structuring rather than demand weakness [14][17] Question: Sustainability of supplier rebates - Management indicated that supplier programs have evolved and are tied more to activities rather than inventory, suggesting sustainability in the rebates received [18] Question: Insights on DataZoom acquisition - The acquisition is expected to be margin accretive and enhance the company's ability to sell more mobile devices by integrating connectivity solutions [20][21] Question: Guidance on net sales growth - Management reaffirmed confidence in their guidance, citing that Q1 results were in line with expectations and that large deals are merely delayed rather than canceled [36][40] Question: Business development investments in Intellisys - Management reported double-digit new order growth year-over-year, indicating that investments are translating into pipeline activity [49]

Financial Data and Key Metrics Changes - For Q1 2026, the company reported a 6% increase in gross profits and a 26% year-over-year growth in non-GAAP EPS [10] - Adjusted EBITDA margins were at 5.2%, with a cash conversion of non-GAAP net income at 88% [10] - The company ended Q1 with approximately $125 million in cash and a net debt leverage ratio of approximately zero [13] Business Line Data and Key Metrics Changes - In the Specialty Technology Solutions segment, net sales declined by 5% year-over-year and 9% quarter-over-quarter, with gross profits increasing by 7% year-over-year [11] - The Intellisys and Advisory segment saw a 4% increase in net sales year-over-year, with annualized net billings reaching approximately $2.78 billion [12] Market Data and Key Metrics Changes - The company believes it maintained market share despite the decline in revenue, attributing the challenges to timing issues with larger deals rather than loss of market share [21][22] - The company is focusing on the indirect channel to deliver recurring, complex, and high-value solutions as technology markets converge [5] Company Strategy and Development Direction - The company is investing in its Intelisys and Advisory segment to accelerate new order growth, including expanding its solutions engineering team [6] - The recent acquisition of DataZoom is expected to enhance the company's capabilities in mobile data connectivity and support its strategic plan [13][27] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in reaffirming the full-year net sales growth outlook, expecting revenue growth to accelerate in the second half of the fiscal year [14][45] - The company emphasized that the decline in revenue is not indicative of overall demand weakness but rather a timing issue with large deals [45] Other Important Information - The company is actively pursuing acquisition targets to expand capabilities and drive additional value across its partner ecosystem [13] - The company plans to maintain a target net debt leverage ratio of one to two times adjusted EBITDA while balancing acquisitions and share repurchases [14] Q&A Session Summary Question: Concerns about revenue decline and market share - Management clarified that they prioritize profitable growth and do not believe they are losing market share, attributing revenue challenges to timing and deal structuring [20][21] Question: Sustainability of supplier rebates - Management indicated that supplier programs have evolved and are tied to activities rather than inventory, suggesting sustainability in the rebates [23][24] Question: Details on the DataZoom acquisition - Management described DataZoom as a tuck-in acquisition that will be margin accretive and enhance mobile device sales through improved connectivity solutions [27][28] Question: Guidance on net sales growth - Management reaffirmed guidance based on internal plans and noted that Q1 results were in line with expectations, indicating confidence in future performance [44][45] Question: Business development investments in Intelisys - Management reported double-digit new order growth year-over-year, indicating that investments are translating into pipeline activity [57]

Core Insights - D&H Canada has entered into a new partnership with Dell, becoming an authorized distributor of Dell's endpoint solutions and PowerEdge servers, reflecting significant growth and partner demand for Dell's offerings [1][2][3] Company Overview - D&H Canada provides technology solutions to various markets, including corporate, SMB, mid-market, enterprise, and government, focusing on endpoints and advanced technologies [5] - The company emphasizes a "Built for Growth" mindset, offering customized services and comprehensive enablement resources to help partners capitalize on market opportunities [5] Partnership Details - The partnership with Dell allows D&H Canada to offer a range of professional-grade products, including Pro and Pro Max laptops, Chrome laptops, and PowerEdge servers, aimed at enhancing performance and productivity for end-users [2][3] - D&H Canada plans to launch a formal storage practice with Dell in the near future, further expanding its service offerings [3] Market Impact - The collaboration is expected to enhance opportunities for D&H Canada's partners, providing them with access to Dell's innovative solutions and professional services, which are designed to support business transformation [2][4] - D&H Canada's growth in market share across Canada is highlighted as a key factor in the partnership, indicating a strong position in the VAR and MSP categories [3]

Financial Data and Key Metrics Changes - The company reported revenues of $12.6 billion for Q3 2025, representing a year-over-year increase of 7.2% and exceeding the high end of guidance [4][15] - Non-GAAP diluted earnings per share (EPS) was $0.72, at the high end of guidance, despite a minor impact from a ransomware incident [4][21] - Gross profit for Q3 was $870 million, up from $845 million year-over-year, with gross margins showing a sequential improvement of 34 basis points [19][21] - Adjusted EBITDA for the quarter was $342 million, reflecting a 3% increase in U.S. dollars [21] Business Line Data and Key Metrics Changes - Client and endpoint solutions grew nearly 13% on an FX-neutral basis, driven by strong demand for notebooks and desktops [15][17] - Advanced solutions sales decreased by 4.5% year-over-year, with growth in servers and storage offset by weaker results in virtualization and infrastructure software [15][19] - Cloud revenues saw a 4% decline; however, excluding a non-core divestiture, cloud net revenues were up low single digits year-over-year [16][19] Market Data and Key Metrics Changes - Geographically, Latin America and Asia-Pacific regions experienced robust FX-neutral growth in the low teens year-over-year, while North America grew just over 3% [17] - EMEA showed slight growth on an FX-neutral basis, reflecting a generally softer macro environment in parts of Europe [17] Company Strategy and Development Direction - The company is focused on scaling its Xvantage digital platform and enhancing its AI ecosystem, positioning itself at the center of the $5 trillion global technology landscape [6][7] - The Enable AI program has engaged thousands of customers, providing tools for assessing and deploying AI solutions [10][21] - The company aims to support enterprise customers in their AI transformation journey, leveraging its proprietary AI innovation [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fourth quarter, expecting continued year-over-year net sales growth and a solid guidance range for revenues [24][54] - The impact of the ransomware incident was estimated to be within 1% to 1.5% of net sales, with a minimal effect on overall operations [14][21] - The company remains optimistic about the SMB segment, which has shown growth over the past three quarters [46][51] Other Important Information - The company returned $18.3 million to stockholders through dividends and announced a 2.6% increase in the quarterly dividend for Q4 [23] - The balance sheet showed net working capital of $4.9 billion, an increase from $4.3 billion year-over-year, driven by higher net sales [22] Q&A Session Summary Question: How should margins be expected to trend going forward? - Management indicated that guidance implies margins in the high 6s, with continued strength in SMB contributing positively [27][28] Question: How should inventory and free cash flow be viewed going forward? - Management noted a sequential decline in inventory and anticipated a solid cash flow quarter in Q4, similar to previous years [32][33] Question: Where is Xvantage seeing the most benefit? - Xvantage is benefiting across both SMB and enterprise segments, with SMB leveraging it for comprehensive business management [40][41] Question: What is the outlook for the PC refresh cycle? - The company is in the later stages of the PC refresh cycle, with potential for AI-powered PCs to extend this cycle [43] Question: What are the expectations for a budget flush exiting 2025? - Management noted a typical seasonal increase in revenues due to budgeting cycles, with a positive outlook for SMB spending [46]

Financial Performance - Q3 2025 - Net sales reached $126 billion, a 72% year-over-year increase[10] - Gross profit amounted to $870 million, up 29% compared to the previous year[10] - Non-GAAP net income was $169 million, representing a 60% increase year-over-year[10] - Adjusted EBITDA totaled $342 million, a 32% increase from the prior year[10] - Non-GAAP diluted EPS stood at $072, exceeding the guidance midpoint by $005[10] Financial Performance - YTD 2025 - Net sales reached $377 billion, an 88% increase year-over-year[13] - Gross profit was $25 billion, up 11% compared to the same period last year[13] - Non-GAAP net income amounted to $455 million, a 98% increase year-over-year[13] - Adjusted EBITDA totaled $927 million, a 29% increase from the prior year[13] - Non-GAAP diluted EPS stood at $194, up 37% year-over-year[13] Q4 2025 Guidance - The company projects net sales between $14 billion and $1435 billion, indicating year-over-year growth of 49% to 75%[35] - Gross profit is expected to range from $935 million to $990 million[35] - Non-GAAP EPS is projected to be between $085 and $095[35]

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]