TD SYNNEX Records Impressive Growth and Increased Dividend

Record Financial Performance from TD SYNNEX

TD SYNNEX (NYSE: SNX) recently announced its outstanding fiscal quarter results, showcasing a remarkable performance that surpassed all expectations. The company's revenue reached an impressive $15.65 billion, which exceeded analysts' estimates of $15.11 billion. This achievement represents a notable increase of 6.6% compared to the previous year's revenue of $14.69 billion, reflecting TD SYNNEX's strong position within the tech distribution market.

Strong Earnings Growth

In addition to a robust revenue report, TD SYNNEX recorded adjusted earnings of $3.58 per share, significantly outpacing forecasts of $3.05 per share. This demonstrates an exceptional growth of 25.2% compared to last year's earnings of $2.86 per share, indicating effective operational strategies and a solid demand for their services.

Impressive Billings Figures

The company's adjusted gross billings also rose significantly by 12.1% year over year, reaching $22.73 billion. This figure not only signifies growth, but it also surpassed the expectations outlined in the company’s outlook, showcasing TD SYNNEX's ability to capture market opportunities effectively.

Leadership Insight

CEO Patrick Zammit emphasized the exceptional results, stating, “Our third quarter non-GAAP gross billings and diluted earnings per share established new records for our company.” He credited the success to the team’s strong execution, a differentiated go-to-market strategy, and a comprehensive portfolio of products and services that stands out in the industry.

Dividend Announcement

Moreover, the company announced a quarterly cash dividend of 44 cents per share, which is a 10% increase compared to the previous year. This dividend, reflecting the company’s commitment to returning value to shareholders, is set to be paid on October 31, 2025, to shareholders recorded as of October 17.

Future Outlook

Looking forward, TD SYNNEX projects adjusted earnings for the fourth quarter of 2025 to be between $3.45 and $3.95 per share, significantly higher than the market’s expectation of $3.33 per share. This anticipation of continued growth highlights the company’s strong market positioning and proactive strategies.

Quarterly Revenue Expectations

For the upcoming quarter, TD SYNNEX expects revenue to fall between $16.50 billion and $17.30 billion. This forecast also exceeds market expectations of $15.99 billion, indicating confidence in their operational performance and market demand.

Projected Gross Billings

This forward-looking statement includes expectations for adjusted gross billings of between $23 billion and $24 billion, demonstrating stability and growth potential in TD SYNNEX's financial trajectory.

Recent Stock Performance

Despite the strong earnings release, SNX shares experienced a dip of 3.26%, trading at $145.44 in premarket checks. This decrease indicates market volatility surrounding earnings reports, reflecting broader market trends that may impact the share price.

Frequently Asked Questions

What are the latest quarterly earnings for TD SYNNEX?

TD SYNNEX reported quarterly earnings of $3.58 per share, exceeding the forecast of $3.05 per share.

How much did TD SYNNEX increase its dividend?

The board approved a quarterly cash dividend of 44 cents per share, which is a 10% increase compared to the prior year.

What was the revenue reported by TD SYNNEX?

The company reported revenue of $15.65 billion for the latest quarter, surpassing analysts' expectations.

What is the outlook for TD SYNNEX in the upcoming quarter?

TD SYNNEX anticipates adjusted earnings between $3.45 and $3.95 per share, along with revenue projected between $16.50 billion and $17.30 billion.

How did SNX shares react after the earnings release?

Following the earnings announcement, SNX shares dipped by 3.26%, trading at $145.44 in early trading sessions.

About The Author

Hi there, As a writer and financial specialist, Henry Turner is passionate about guiding people through the complex world of finance. Having worked in finance for many years, I am an expert at simplifying difficult financial ideas into understandable, useful insights for my blog and articles. My goal is to arm you with the confidence and information you need to make wise financial choices.

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