TD SYNNEX Reports Record Q4 Results, Exceeding Outlook and Raising Dividend
SNX sits 66% above its 52-week low of $92.23.
Summary
TD SYNNEX Corporation announced record fiscal fourth-quarter results, surpassing its own outlook for revenue and gross billings, and increased its quarterly cash dividend by 9%.
Key Events · Earnings and Guidance · SNX
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Record Fiscal Q4 Performance
Reported revenue of $17.4 billion (up 9.7% year-over-year) and non-GAAP gross billings of $24.3 billion (up 14.7% year-over-year), both exceeding the high end of the company's outlook.
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Strong EPS Growth
Non-GAAP diluted EPS increased by 24.0% year-over-year to $3.83.
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Increased Quarterly Dividend
Declared a quarterly cash dividend of $0.48 per common share, representing a 9% increase from the prior year.
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Robust Cash Flow
Generated $1.5 billion in cash from operations and $1.4 billion in free cash flow.
Analysis · SNX · Trade & Services
TD SYNNEX Corporation delivered strong financial performance in its fiscal fourth quarter, with revenue and non-GAAP gross billings exceeding the high end of its own outlook. The significant 24% year-over-year growth in non-GAAP diluted EPS, coupled with robust cash flow generation, indicates operational strength. The 9% increase in the quarterly dividend signals confidence in future profitability and commitment to shareholder returns. These results suggest a positive trajectory and successful execution of the company's strategy.
At the time of this filing, SNX was trading at $153.02 on NYSE in the Trade & Services sector, with a market capitalization of approximately $12.3B. The 52-week trading range was $92.23 to $167.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.