NASDAQ$NSIT
Insight Enterprises Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Insight Enterprises reported second quarter 2021 results with increased net sales and earnings.
Insight Enterprises reported a strong second quarter with net sales increasing by 13% year-over-year to $2.23 billion. Gross profit also increased by 13% to $366.7 million. Diluted earnings per share increased by 20% year-over-year to $1.58, and adjusted diluted earnings per share increased by 9% to $1.91.
- Net sales increased 13% year-over-year to $2.23 billion.
- Gross profit increased 13% year-over-year to $366.7 million.
- Earnings from operations increased 19% to $88.5 million, representing 4.0% of net sales.
- Diluted earnings per share of $1.58 increased 20% year-over-year.
Headline financials
Revenue & EPS history
Insight Enterprises · Revenue · Quarterly
$2.23B
Revenue by segment
Insight Enterprises · $2.39B total across 2 segments · Q3 2023
- Hardware$1.89B-12.9%79.1%
- Software$501M—20.9%
Forward guidance
The Company now expects to deliver net sales growth at the high-end of the previously stated guidance, which was between 4% and 8% over the prior year, and Adjusted diluted earnings per share is now expected to be between $6.75 and $6.90 for the full year 2021.
Tailwinds
- Net sales growth expected at the high-end of the previously stated guidance.
- Adjusted diluted earnings per share is now expected to be between $6.75 and $6.90.
- Interest expense between $25 million and $28 million.
- An effective tax rate of 25% to 26% for the full year 2021.
- An average share count for the full year of 35.5 million shares.
Headwinds
- Ongoing supply chain constraints for hardware.
- Longer lead times required for hardware orders.
- Capital expenditures of $65 to $75 million, including the build out of our new corporate headquarters.
- Excludes acquisition-related intangibles amortization expense of approximately $32 million.
- Excludes the non-cash convertible debt discount and issuance costs, reported as part of interest expense, of approximately $12 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 Q2 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
| Quarter | Report date | Reaction (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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