Insight Enterprises Inc

NSIT

Equity

ISIN US45765U1034 / Valor 340436

NASDAQ (2024-12-24)

USD 154.00-0.23%

Insight Enterprises Inc
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About company

Insight Enterprises Inc is a global provider of information technology products and services for businesses.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Insight Enterprises Inc. reported a decrease in net sales for the third quarter of 2024, with a total of $2.1 billion, marking an 8% decline compared to the same period in 2023. This decline was primarily driven by an 11% decrease in product net sales, although services net sales saw a 10% increase year over year.

Gross Profit Growth

Despite the decline in net sales, Insight Enterprises Inc. achieved a 6% increase in gross profit, reaching $432.1 million for the third quarter of 2024. The gross margin also expanded by 270 basis points to 20.7%, reflecting improved profitability in their operations.

Net Earnings and EPS

Consolidated net earnings for Insight Enterprises Inc. in the third quarter of 2024 were $58.2 million, representing a 3% decrease from the previous year. Diluted earnings per share also fell by 6% to $1.52, while adjusted diluted earnings per share decreased by 8% to $2.19.

Segment Performance

In the third quarter of 2024, Insight Enterprises Inc. saw varied performance across its segments. North America experienced an 8% decline in net sales, while EMEA saw a 12% decrease. However, the APAC region reported a 15% increase in net sales, highlighting regional growth disparities.

Future Outlook

Looking ahead, Insight Enterprises Inc. anticipates adjusted diluted earnings per share for the full year 2024 to be between $9.40 and $9.70. The company expects mid single-digit gross profit growth and maintains a gross margin forecast in the 19% to 20% range, despite a cautious IT spending environment.

Summarized from source with an LLMView Source

Key figures

-13.2%1Y

49.2%3Y

122%5Y

Performance

34.0%1Y

28.2%3Y

34.6%5Y

Volatility