NASDAQ$NSIT

Insight Enterprises Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter 2021 results with net sales and earnings per share increasing.

Insight Enterprises reported a strong third quarter in 2021, with net sales increasing by 26% year over year to $2.45 billion. Diluted earnings per share increased 37% year over year to $1.51, and adjusted diluted earnings per share increased 36% year over year to $1.87.

  • Net sales increased 26% year over year to $2.45 billion.
  • Gross profit increased 19% year over year to $364.5 million.
  • Diluted earnings per share of $1.51 increased 37% year over year.
  • Adjusted diluted earnings per share of $1.87 increased 36% year over year.

Headline financials

Total Revenue

$2.45B

Previous: $1.94B+26.4%
EPS (adj)

$1.87

Previous: $1.38+35.5%
Gross Margin

14.9%

Previous: 15.9%-6.3%
Capital Expenditures

-$28M

Previous: -$20.7M-35.4%
Free Cash Flow

$27.5M

Previous: $18.2M+50.8%
Net Income

$55.5M

Previous: $38.9M+42.6%
Operating Income

$83.2M

Previous: $61.5M+35.2%
Gross Profit

$365M

Previous: $308M+18.5%
Cash & Equivalents

$107M

Previous: $75.2M+42.7%
Total Assets

$4.44B

Previous: $3.83B+15.9%
Stock-Based Comp

$4.58M

Previous: $4.51M+1.4%

Revenue & EPS history

Insight Enterprises · Revenue · Quarterly

$2.45B

Q3 2021+26.4%vs Q3 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Insight Enterprises · $2.39B total across 2 segments · Q3 2023

  • Hardware
    $1.89B-12.9%
  • Software
    $501M

Forward guidance

For the full year 2021, the Company now expects to deliver low double digit net sales growth over the prior year, and Adjusted diluted earnings per share is now expected to be between $7.00 and $7.10.

Tailwinds

  • expects to deliver low double digit net sales growth over the prior year
  • Adjusted diluted earnings per share is now expected to be between $7.00 and $7.10.
  • interest expense between $25 million and $28 million
  • an effective tax rate of 25% to 26% for the full year 2021
  • capital expenditures of $65 to $75 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 Q3 2021

Historical avgQ3 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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