TD SYNNEX Corporation (SNX) Income Statement Analysis

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Complete financial analysis of TD SYNNEX Corporation (SNX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of TD SYNNEX Corporation, a leading company in the Technology Distributors industry within the Technology sector.

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TD SYNNEX Corporation (SNX)

Industry: Technology Distributors

Sector: Technology

Website: https://www.tdsynnex.com

About TD SYNNEX Corporation

TD SYNNEX Corporation provides business process services in the United States and internationally. The company distributes PC systems, mobile phones and accessories, printers, peripherals, supplies, endpoint technology software, consumer electronics, information technology (IT) systems including data center server and storage solutions, system components, software, networking, communications and security equipment, consumer electronics, and complementary products. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, the company offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves resellers, system integrators, and retailers. The company was formerly known as SYNNEX Corporation and changed its name to TD SYNNEX Corporation in September 2021. TD SYNNEX Corporation was incorporated in 1980 and is headquartered in Fremont, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Revenue	57.56B	62.34B	31.61B	19.98B	23.76B	20.05B	17.05B	14.06B	13.34B	13.84B	10.85B	10.29B	10.41B	8.61B	7.72B	7.77B	7.00B	6.35B	5.64B	5.31B	4.13B	3.77B	3.03B	3.80B
Cost of Revenue	53.60B	58.44B	29.72B	18.78B	20.86B	18.13B	15.49B	12.78B	12.15B	12.74B	10.19B	9.63B	9.78B	8.12B	7.30B	7.34B	6.65B	6.06B	5.40B	5.09B	3.94B	3.59B	2.88B	3.63B
Gross Profit	3.96B	3.90B	1.89B	1.19B	2.90B	1.93B	1.55B	1.28B	1.19B	1.10B	654.97M	656.74M	630.50M	491.62M	423.03M	431.92M	355.38M	288.36M	238.56M	224.98M	187.72M	173.90M	149.44M	176.31M
Gross Profit Ratio	6.87%	6.26%	5.98%	5.98%	12.20%	9.61%	9.10%	9.12%	8.94%	7.94%	6.04%	6.39%	6.06%	5.71%	5.48%	5.56%	5.07%	4.54%	4.23%	4.23%	4.55%	4.62%	4.93%	4.64%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	2.67B	2.63B	1.15B	672.52M	2.08B	1.38B	1.04B	903.37M	837.24M	790.50M	414.14M	401.73M	374.27M	292.47M	273.38M	280.07M	243.24M	189.12M	159.62M	146.00M	129.85M	123.42M	95.17M	106.49M
Other Expenses	0.00	-1.17M	1.10M	-6.17M	30.36M	-8.98M	1.12M	5.46M	-1.06M	962.00K	14.34M	4.47M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Expenses	2.95B	2.63B	1.15B	672.52M	2.08B	1.38B	1.04B	903.37M	837.24M	790.50M	414.14M	401.73M	374.27M	292.47M	273.38M	280.07M	243.24M	189.12M	159.62M	146.00M	129.85M	123.42M	95.17M	106.49M
Cost & Expenses	56.53B	61.07B	30.88B	19.46B	22.94B	19.50B	16.54B	13.68B	12.98B	13.53B	10.60B	10.03B	10.15B	8.41B	7.57B	7.62B	6.89B	6.25B	5.56B	5.24B	4.07B	3.72B	2.98B	3.73B
Interest Income	0.00	196.38M	106.14M	75.82M	71.97M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	288.32M	222.58M	157.84M	79.02M	166.42M	84.68M	45.36M	28.99M	26.30M	25.19M	17.12M	22.93M	25.51M	17.11M	13.98M	15.01M	0.00	0.00	13.28M	0.00	0.00	0.00	11.59M	16.00K
Depreciation & Amortization	418.32M	463.37M	149.56M	65.07M	372.11M	225.29M	159.89M	121.29M	103.51M	91.70M	24.46M	24.63M	24.67M	16.29M	19.63M	18.76M	15.77M	9.78M	8.78M	7.85M	7.41M	8.34M	-11.59M	-16.00K
EBITDA	1.51B	1.49B	731.90M	593.83M	1.20B	769.01M	670.22M	507.05M	458.64M	404.00M	279.63M	288.80M	279.90M	215.44M	172.31M	162.78M	127.91M	106.02M	87.69M	85.51M	57.87M	58.82M	54.27M	69.82M
EBITDA Ratio	2.63%	2.04%	2.33%	4.29%	3.55%	2.70%	2.99%	3.60%	2.65%	2.24%	2.35%	2.52%	2.46%	2.31%	1.94%	2.30%	1.81%	1.71%	1.53%	1.78%	1.79%	1.67%	1.98%	1.66%
Operating Income	1.08B	808.66M	623.22M	521.34M	472.02M	551.04M	508.97M	379.60M	354.55M	308.51M	240.83M	255.01M	255.00M	211.97M	156.73M	128.89M	98.29M	79.71M	76.74M	78.98M	57.87M	44.87M	54.27M	69.82M
Operating Income Ratio	1.87%	1.30%	1.97%	2.61%	1.99%	2.75%	2.99%	2.70%	2.66%	2.23%	2.22%	2.48%	2.45%	2.46%	2.03%	1.66%	1.40%	1.26%	1.36%	1.49%	1.40%	1.19%	1.79%	1.84%
Total Other Income/Expenses	-288.52M	-223.74M	-156.73M	-393.96M	157.29M	-93.66M	-44.23M	-23.53M	-27.36M	-24.23M	-2.78M	-18.46M	-26.51M	-15.56M	-15.00M	-22.82M	-13.48M	-16.09M	-15.48M	-7.85M	-10.73M	-5.63M	-12.35M	6.39M
Income Before Tax	789.51M	827.13M	466.49M	436.15M	677.70M	457.38M	464.73M	356.06M	327.20M	284.28M	238.05M	236.55M	229.72M	183.59M	138.70M	129.59M	98.67M	80.15M	63.46M	69.82M	47.13M	44.85M	41.92M	76.22M
Income Before Tax Ratio	1.37%	1.33%	1.48%	2.18%	2.85%	2.28%	2.73%	2.53%	2.45%	2.05%	2.20%	2.30%	2.21%	2.13%	1.80%	1.67%	1.41%	1.26%	1.13%	1.31%	1.14%	1.19%	1.38%	2.00%
Income Tax Expense	162.60M	175.82M	71.42M	101.61M	176.99M	156.78M	163.56M	121.06M	118.59M	104.13M	85.73M	84.05M	79.17M	66.91M	50.66M	45.10M	35.17M	28.32M	23.91M	23.55M	17.36M	16.84M	16.89M	33.37M
Net Income	626.91M	651.31M	395.07M	334.54M	500.71M	300.60M	301.17M	234.95M	208.53M	180.03M	152.24M	151.38M	150.33M	127.95M	92.09M	83.80M	63.13M	51.39M	52.83M	46.57M	30.00M	28.03M	25.80M	36.43M
Net Income Ratio	1.09%	1.04%	1.25%	1.67%	2.11%	1.50%	1.77%	1.67%	1.56%	1.30%	1.40%	1.47%	1.44%	1.49%	1.19%	1.08%	0.90%	0.81%	0.94%	0.88%	0.73%	0.74%	0.85%	0.96%
EPS	6.72	6.79	6.28	6.57	9.79	7.29	7.61	5.98	5.34	4.68	4.13	4.14	4.20	3.68	2.82	2.65	2.04	1.73	1.85	1.74	1.36	1.27	1.18	1.70
EPS Diluted	6.70	6.77	6.24	6.53	9.74	7.25	7.58	5.94	5.30	4.63	4.03	3.99	4.08	3.58	2.71	2.52	1.93	1.61	1.70	1.55	1.22	1.16	1.06	1.49
Weighted Avg Shares Out	92.57M	95.23M	62.24M	50.90M	50.67M	41.22M	39.56M	39.32M	39.06M	38.49M	36.89M	36.58M	35.83M	34.74M	32.71M	31.62M	30.94M	29.70M	28.55M	26.69M	22.09M	22.07M	21.86M	21.43M
Weighted Avg Shares Out (Dil)	92.85M	95.51M	62.70M	51.24M	50.94M	41.45M	39.76M	39.53M	39.35M	38.85M	37.80M	37.91M	36.83M	35.76M	34.01M	33.26M	32.67M	32.01M	31.07M	30.11M	24.56M	24.17M	24.34M	24.45M

Don't Overlook TD SYNNEX (SNX) International Revenue Trends While Assessing the Stock

September 30, 2024zacks.com

Examine the evolution of TD SYNNEX's (SNX) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

TD Synnex Corp.: FY25 Should Be A Better Year

September 29, 2024seekingalpha.com

I maintain a buy rating for SNX due to improving PC demand, AI adoption, and a complex IT environment driving growth. 3Q24 revenue grew 5% y/y to $14.7 billion, beating expectations; however, gross margin was softer at 6.5% vs. consensus...

TD SYNNEX Beats on Q3 Earnings: Can Strong Sales View Lift the Stock?

September 27, 2024zacks.com

SNX's fiscal third-quarter performance reflects benefits from growth in the company's Advanced Solutions and Endpoint Solutions portfolios.

TD SYNNEX Corporation (SNX) Q3 2024 Earnings Call Transcript

September 26, 2024seekingalpha.com

TD SYNNEX Corporation (NYSE:SNX ) Q3 2024 Results Conference Call September 26, 2024 9:00 AM ET Company Participants David Jordan - Chief Financial Officer of Americas and Head of Investor Relations Patrick Zammit - Chief Executive Officer Marshall Witt -...

TD SYNNEX (SNX) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

September 26, 2024zacks.com

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

TD SYNNEX (SNX) Q3 Earnings and Revenues Surpass Estimates

September 26, 2024zacks.com

TD SYNNEX (SNX) came out with quarterly earnings of $2.86 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.78 per share a year ago.

TD SYNNEX Reports Fiscal 2024 Third Quarter Results

September 26, 2024businesswire.com

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2024. Consolidated Financial Highlights for the Fiscal 2024 Third Quarter: GAAP ($ in millions, except earnings per share) ...