SNX Stock Recent News

TD SYNNEX's impressive quarterly free cash flow and reduced restructuring costs, alongside ongoing stock repurchases, suggest strong future financial performance and undervaluation. SNX's expertise and long-standing industry presence, combined with potential future acquisitions, are expected to drive substantial revenue and free cash flow growth. Risks include potential impacts from new tariffs, lack of long-term contracts, dependency on key suppliers like Apple and HP, and low operating margins.

PHILADELPHIA--(BUSINESS WIRE)--Qlik partners with TD SYNNEX to scale its solutions for AI-driven data integration and analytics across North America and Europe.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced the upcoming retirement of Hau Lee from its Board of Directors (the “Board”). Lee, who has served as a Director of TD SYNNEX since 2012, will retire from the Board when his current term of office expires, effective at TD SYNNEX's 2025 Annual Meeting of Stockholders. “Hau has provided invaluable leadership and expertise that have significantly contributed to TD SYNNEX's growth and success,” said Ann Vezina.

I maintain a buy rating for TD Synnex Corp. due to improving demand momentum and a positive growth outlook for FY25. SNX's 4Q24 earnings showed a 10% y/y revenue increase, driven by advanced solutions and endpoint solutions, with stable profitability and positive FY25 guidance. The recovery in enterprise IT spending and strong momentum in cloud, cybersecurity, and software solutions are critical growth drivers for SNX.

SNX's Q4 results reflect an impressive rise in the top line, benefited by strong growth across portfolio categories.

Evaluate TD SYNNEX's (SNX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

TD SYNNEX Corporation (NYSE:SNX ) Q4 2024 Earnings Conference Call January 10, 2025 9:00 AM ET Company Participants Jack Huddleston - Head, Investor Relations Patrick Zammit - Chief Executive Officer Marshall Witt - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James David Vogt - UBS Michael Ng - Goldman Sachs Joseph Cardoso - JPMorgan Ruplu Bhattacharya - Bank of America Ashish Sabadra - RBC Capital Markets Keith Housum - Northcoast Research George Wang - Barclays Matt Sheerin - Stifel Alek Valero - Loop Capital Operator Good morning. My name is Julianne, and I'll be your conference operator today.

Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended November 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

TD SYNNEX (SNX) came out with quarterly earnings of $3.09 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $3.13 per share a year ago.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2024. Consolidated Financial Highlights for the Fiscal 2024 Fourth Quarter: GAAP ($ in millions, except earnings per share)                 Q4 FY24   Q4 FY23   Net Change from Q4 FY23 Revenue   $ 15,844.6     $ 14,407.3     10.0 % Gross profit   $ 1,040.9     $ 1,018.6     2.2 % Gross margin     6.57 %     7.07 %   (50) bps.