NASDAQ$NSIT

Insight Enterprises Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Insight Enterprises reported a 2% increase in net sales, a 27% increase in earnings from operations, and a diluted earnings per share increase of 24% year over year for the first quarter of 2021.

Insight Enterprises reported a 2% increase in net sales to $2.2 billion, a 27% increase in earnings from operations to $67.0 million, and a diluted earnings per share of $1.18, which is a 24% increase year over year. The company's performance sets a good base for what they expect will be a strong year.

  • Net sales increased 2% year over year to $2.2 billion.
  • Earnings from operations increased 27% to $67.0 million.
  • Adjusted earnings from operations increased 3% to $68.3 million.
  • Diluted earnings per share of $1.18 increased 24% year over year.

Headline financials

Total Revenue

$2.19B

Previous: $2.14B+2.3%
EPS (adj)

$1.30

Previous: $1.30+0.0%
Capital Expenditures

-$7.85M

Previous: -$7.38M-6.3%
Free Cash Flow

$35.3M

Previous: $26.6M+32.9%
Net Income

$43.2M

Previous: $34M+27.1%
Operating Income

$67M

Previous: $52.9M+26.8%
Gross Profit

$331M

Previous: $325M+1.9%
Cash & Equivalents

$139M

Previous: $62.7M+121.4%
Total Assets

$4.25B

Previous: $4.06B+4.9%
Stock-Based Comp

$4.72M

Previous: $4.41M+7.0%

Revenue & EPS history

Insight Enterprises · Revenue · Quarterly

$2.19B

Q1 2021+2.3%vs Q1 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Insight Enterprises · $1.89B total across 1 segment · Q1 2021

  • Hardware
    $1.89B+2.4%

Forward guidance

For the full year 2021, the Company expects to deliver net sales growth in the 4% to 8% range and Adjusted diluted earnings per share is expected to be between $6.60 and $6.80. This forecast is unchanged from the previously communicated outlook.

Tailwinds

  • net sales growth in the 4% to 8% range
  • Adjusted diluted earnings per share is expected to be between $6.60 and $6.80
  • interest expense between $25 million and $28 million
  • an effective tax rate of 25% to 26% for the full year 2021
  • capital expenditures of $75 to $85 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.1%

Avg return

Earnings day

+2.0%

Avg return

5 days after

+4.0%

Avg return

30 days after

46%

30 / 65 earnings

Positive

+18.1%

Q4 2016

Best reaction

-19.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%+26.0%+60.9%
Q4 2025+0.8%+15.5%+4.1%
Q3 2025-3.9%-8.4%-16.5%
Q1 2025-3.2%-4.8%-5.7%
Q4 2024-3.8%-3.7%-10.2%
Q3 2024-15.5%-16.6%-23.3%
Q2 2024-19.1%-19.6%-3.3%
Q1 2024+11.8%+15.5%+12.9%
Q4 2023-6.8%-5.2%-3.5%
Q3 2023+2.3%+1.4%+10.4%
Q2 2023-2.2%-1.3%+9.2%
Q1 2023+1.7%+2.6%+10.9%
Q4 2022+12.6%+12.5%+19.6%
Q3 2022+0.3%+3.0%+9.0%
Q2 2022-1.2%-3.7%-6.1%
Q1 2022-0.8%-4.2%-2.7%
Q4 2021-1.2%+0.2%+7.5%
Q3 2021+7.3%+6.7%+1.8%
Q2 2021-2.2%-3.5%+1.1%
Q1 2021-1.5%-4.0%+3.4%
Q4 2020+0.4%-0.7%+14.4%
Q3 2020+11.1%+16.9%+28.0%
Q2 2020+6.3%+9.4%+12.3%
Q1 2020+0.9%-9.3%+4.9%
Q4 2019-10.9%-12.3%-39.1%
Q3 2019-2.8%-4.2%+1.0%
Q2 2019+3.5%+6.4%-1.9%
Q1 2019+1.6%+1.6%-9.0%
Q4 2018+13.1%+16.2%+17.5%
Q3 2018-9.6%-10.2%-15.6%
Q2 2018-2.8%+4.2%+9.7%
Q1 2018+13.1%+21.6%+34.4%
Q4 2017+4.5%+3.5%+4.0%
Q3 2017-7.3%-12.6%-16.9%
Q2 2017+12.3%+8.1%-2.9%
Q1 2017+10.0%+9.8%+2.9%
Q4 2016+18.1%+18.6%+12.6%
Q3 2016-11.1%-13.6%+3.5%
Q2 2016+14.7%+17.2%+17.5%
Q1 2016-15.1%
Q4 2015-4.6%
Q3 2015-5.7%
Q2 2015-3.6%
Q1 2015-7.9%
Q4 2014+1.4%
Q3 2014-12.1%
Q2 2014-0.5%
Q1 2014+7.2%
Q4 2013+10.7%
Q3 2013-2.0%
Q2 2013-5.2%
Q1 2013-4.2%
Q4 2012-3.9%
Q3 2012+2.6%
Q2 2012+8.7%
Q1 2011-14.5%
Q1 2012-10.2%
Q4 2009-1.1%
Q1 2010-1.1%
Q4 2011-1.1%
Q3 2010+4.8%
Q3 2011+4.8%
Q4 2010+2.2%
Q2 2010+2.2%
Q2 2011+2.2%

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