Wed, Apr 2, 8:02 PM (18 days ago)
**TD SYNNEX Corporation (SNX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $14,531,707 (up 4% YoY) - **Revenue Growth:** Driven by Endpoint and Advanced Solutions portfolios. - **Foreign Currency Impact:** Positive impact due to euro weakening against the USD. - **Gross Profit:** $998,006 (down 0.8% YoY) - **Gross Margin:** 6.87% (down from 7.20% YoY) - **Profit Margins:** Decreased due to less profitable product mix and higher strategic technology margins in the prior year. - **Operating Income:** $304,459 (up 0.6% YoY) - **Operating Margin:** 2.10% (down from 2.17% YoY) - **Selling, General & Administrative Expenses:** $692,485 (up 3.1% YoY) - **Acquisition, Integration & Restructuring Costs:** $1,062 (down from $31,649 YoY) - **Net Income:** $167,537 (down 2.7% YoY) - **Earnings per Share (EPS):** $1.98 (down from $1.94 YoY) - **Cash Flow:** - **Operating Activities:** Net cash used of $748.0 million (down from $384.7 million provided YoY) - **Investing Activities:** Net cash used of $44.5 million (down from $67.9 million YoY) - **Financing Activities:** Net cash provided of $288.6 million (up from $311.2 million used YoY) **Segment Performance:** - **Americas:** Revenue up 6.2% YoY, Operating Income up 21.3% YoY - **Europe:** Revenue up 0.4% YoY, Operating Income down 20.7% YoY - **APJ:** Revenue up 5.2% YoY, Operating Income down 28.1% YoY **Liquidity & Capital Resources:** - **Cash & Cash Equivalents:** $541.9 million (down from $1.1 billion YoY) - **Borrowings:** $4.3 billion (up from $3.9 billion YoY) - **Credit Facilities:** In compliance with all material financial covenants. **Trends & Uncertainties:** - **Economic & Industry Trends:** Dependent on IT product demand, OEM initiatives, and economic conditions. - **Acquisitions:** Completed Tech Data merger; evaluating strategic acquisitions. - **Share Repurchase Program:** $1.7 billion available for future repurchases. **Future Operations Impact:** - **Strategic Priorities:** Invest in hybrid cloud, security, data analytics, AI, and hyperscale infrastructure. - **Digital Transformation:** Enhance customer experience, broaden customer base, and increase sales. - **Global Footprint:** Expand operations and enhance operational excellence. **Risks & Contingencies:** - **Market Risks:** Foreign currency exchange rates, interest rates, and geopolitical developments. - **Legal Proceedings:** Ongoing litigation and regulatory investigations. - **Operational Risks:** Supply chain disruptions, cybersecurity threats, and economic downturns.