Insight Enterprises Inc
NSIT
ISIN US45765U1034 / Valor 340436
Insight Enterprises Inc
UMushroom community rating:
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 ServicesLatest Results (26.12.2024):
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 SourceKey figures
Performance
Volatility
4831 M
Market cap (USD)
325,831
Daily traded volume (Shares)
151.71 / 147.51
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
EQUITIES OF THE SAME SECTOR
