$SNX (SYNNEX Corp.)

$SNX {{ '2016-03-28T20:38:04+0000' | timeago}} • Announcement

For 2Q16, $SNX expects revenue to be in the range of $3.25-3.35Bil, non-GAAP net income to be between $51.0-53.1MM and non-GAAP diluted EPS to be between $1.27-1.33. The company expects after-tax amortization of intangibles to be $7.4MM, or $0.18 per share and the negative currency impact on revenue to be approx. $30MM in 2Q16.

$SNX {{ '2018-01-10T13:05:40+0000' | timeago}} • Announcement

Business process services company $SNX said its COO Dennis Polk will take up the positions of President and CEO, to succeed Kevin Murai who will be retiring soon. Polk, who joined the company in 2002 as SVP of Corporate Finance, was promoted to the post of COO in 2006. Dwight Steffensen was appointed as Lead Independent Director.

$SNX {{ '2018-01-09T21:52:23+0000' | timeago}} • Announcement

$SNX announced that its BoD declared a quarterly cash dividend of $0.35 per common share, payable on January 31, 2018 to stockholders of record as of January 19, 2018.

$SNX {{ '2018-01-09T21:50:27+0000' | timeago}} • Announcement

For 1Q18, $SNX expects revenue to be $4.35-4.55Bil. Net income is expected to be $64-67.8MM and on an adjusted basis, net income is expected to be $83.2-87MM. Diluted EPS is expected to be $1.58-1.68 and on an adjusted basis, diluted EPS is expected to be $2.06-2.15.

$SNX {{ '2018-01-09T21:42:12+0000' | timeago}} • Announcement

$SNX reported a 6.7% increase in 4Q17 earnings. Net income was $91.1MM or $2.26 per share compared to $85.3MM or $2.13 per share in 4Q16. Adjusted net income was $112.4MM or $2.79 per share in 4Q17. Revenue increased 36.7% to $5.31Bil compared to last year.

$SNX {{ '2017-09-26T14:42:21+0000' | timeago}} • Webcast

$SNX said in its traditional distribution business, it has seen the consequential impacts of component shortages and increasing component costs along with price increases at the finished goods level in particular with client devices as well as traditional servers. $SNX had to manage its business through the shortage issue.

$SNX {{ '2017-09-26T14:24:44+0000' | timeago}} • Webcast

During 3Q17, $SNX completed two strategic acquisitions, Tigerspike in the Concentrix business segment and Westcon-Comstor Americas in the Technology Solutions business segment. $SNX believes the Westcon-Comstor Americas deal will bring $2.2Bil of accretive margin revenue to its distribution business.

$SNX {{ '2017-09-26T14:24:27+0000' | timeago}} • Webcast

In 3Q17, $SNX’s Technology Solutions segment revenues were $3.8Bil, up 15.8% compared to 3Q16. The increase was due to continued demand for systems design integration and cloud services business solutions and across the board growth in the majority of product categories. Concentrix revenues were $496MM, up 21.9% from 3Q16.

$SNX {{ '2017-09-25T20:43:12+0000' | timeago}} • Announcement

$SNX's BoD declared a quarterly cash dividend of $0.30 per common share, payable on October 27, 2017 to stockholders of record as of October 13, 2017.

$SNX {{ '2017-09-25T20:41:17+0000' | timeago}} • Announcement

For 4Q17, $SNX expects revenue to be $4.75-4.95Bil. Net income is expected to be $85.2-89.1MM and adjusted net income is expected to be $106.1-110MM. $SNX expects diluted EPS to be $2.11-2.21 and adjusted diluted EPS to be $2.63-2.73 in 4Q17.

$SNX {{ '2017-09-25T20:35:34+0000' | timeago}} • Announcement

$SNX reported a 28% increase in 3Q17 earnings. Net income was $75.2MM or $1.87 per share compared to $58.7MM or $1.47 per share in 3Q16. Adjusted net income totaled $86.8MM or $2.16 per share in 3Q17. Revenue grew 16.5% to $4.27Bil from last year.

$SNX {{ '2017-07-20T14:11:59+0000' | timeago}} • Announcement

Concentrix Corp., a subsidiary of $SNX, agreed to buy Tigerspike. Alex Burke, CEO of Tigerspike, will stay as the leader of Tigerspike and join Concentrix' senior executive staff, reporting to Chris Caldwell, President of Concentrix. It is anticipated that the transaction will close in 3Q17.

$SNX {{ '2017-06-22T21:51:04+0000' | timeago}} • Webcast

On the pending acquisition of Datatec's Westcon-Comstor Americas business, $SNX said that because of its stock price, the company will take a decision on the cash-stock purchase before closing the deal. Other factor would be the overall credit environment, the company added.

$SNX {{ '2017-06-22T21:32:50+0000' | timeago}} • Webcast

$SNX said that revenue, net income, GAAP and non-GAAP EPS metrics exceeded its expectations in 2Q17. Technology Solutions segment revenue benefited from the strengthening US market and continued growth in systems integration and design as well as cloud services business unit.

$SNX {{ '2017-06-22T20:50:30+0000' | timeago}} • Announcement

For 3Q17, $SNX expects revenue to be in the range of $3.90-4.10Bil, with net income expected in the range of $67.7-70.7MM and non-GAAP net income expected in the range of $78.1-81.1MM. $SNX also expects 3Q17 diluted EPS to be in the range of $1.68-1.76 and non-GAAP diluted EPS to be in the range of $1.94-2.02.

$SNX {{ '2017-06-22T20:46:47+0000' | timeago}} • Announcement

During 2Q17, $SNX's Technology Solution revenue jumped 13.49% to $3.45Bil YoverY, while operating income climbed 34.1% to $101.7MM. Revenue from Concentrix jumped 43.39% to $481.76MM, while $SNX reported an operating income in 2Q17 compared to an operating loss a year ago in the segment.

$SNX {{ '2017-06-22T20:41:28+0000' | timeago}} • Infographic

$SNX SYNNEX Corp. Earnings AlphaGraphic: Q2 2017 Highlights

$SNX {{ '2017-06-22T20:39:03+0000' | timeago}} • Announcement

IT supply chain company $SNX reported a 64.63% jump in 2Q17 earnings, driven by Technology Solutions and Concentrix segments exceeding expectations in revenue and margin. Net income was $73.1MM or $1.83 per share compared to $44.4MM or $1.11 per share a year ago. Revenue for the quarter climbed 16.48% to $3.94Bil.

$SNX {{ '2017-06-06T15:21:02+0000' | timeago}} • Announcement

$SNX to become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. The terms include $30MM for 10% ownership of Datatec's Westcon EMEA and APAC businesses. The company will assume about $115MM of net debt and refinanced with the close of the transaction. If stock is issued, $SNX BoD will appoint Jens Montanana to its board.

$SNX {{ '2017-06-06T15:16:55+0000' | timeago}} • Announcement

$SNX agreed to buy Datatec's Westcon-Comstor Americas business and become a minority shareholder in Datatec's Westcon EMEA and APAC businesses. The terms include $500MM in stock and $100MM in cash at closing, and up to $200MM earn out if certain financial targets are achieved through Feb. 2018.

$SNX {{ '2017-03-27T21:50:48+0000' | timeago}} • Webcast

In terms of acquisitions, $SNX operate in two different markets, which offers significant growth opportunity in different ways. So the company is seeing good opportunities in both Concentrix and Technology Solutions. Additionally, $SNX is investing in green field opportunities, where the company is seeing good growth.

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