TD SYNNEX Corp. (SNX), while reporting higher earnings and revenues in its fourth quarter above market estimates, on Thursday issued first-quarter outlook.
Further, the distributor and solutions aggregator for the IT ecosystem announced that its Board of Directors declared a quarterly cash dividend of $0.48 per share. The dividend is payable on January 30, to stockholders of record as of the close of business on January 16.
In the pre-market activity, the shares were gaining around 1.4 percent to trade at $152.97.
Looking ahead for the first quarter, the company projects net income of $166 million to $206 million and earnings per share of $2.05 to $2.55. Adjusted net income would be in the range of $243 million to $283 million or $3.00 to $3.50 per share.
The Wall Street analysts on average expect the company to report earnings of $3.21 per share. Analysts' estimates typically exclude special items.
The company projects revenues of $15.1 billion to $15.9 billion, while the Street estimates revenues of $15.47 billion for the quarter.
Adjusted gross billings are projected to be between $22.7 billion and $23.7 billion.
In the fourth quarter, TD SYNNEX's net income climbed 27.5 percent to $248 million from last year's $195 million. Earnings per share improved 32.8 percent to $3.04 from $2.29 a year ago.
Adjusted net income was $313 million or $3.83 per share, compared to $263 million or $ 3.09 per share a year earlier.
Analysts projected earnings of $3.73 per share for the quarter.
Revenue was $17.38 billion, up 9.7 percent from $15.85 billion last year. On a constant currency basis, revenue increased 7.5 percent, driven by growth in both Advanced Solutions and Endpoint Solutions portfolios.
The Street expected revenues of $16.95 billion.
Gross billings were $24.33 billion, up 14.7 percent from $21.21 billion a year ago.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.