Insight Enterprises, Inc. Reports Fourth Quarter and Record Results for the Full Year 2020
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Insight Enterprises (NSIT) Tops Q4 EPS by 26c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
February 11, 2021 8:02 AM ESTInsight Enterprises (NASDAQ: NSIT) reported Q4 EPS of $1.76, $0.26 better than the analyst estimate of $1.50. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.11 billion.
Highlights include:
Net sales increased 8% to $8.3 billion for the full yearGross profit increased 14% to $1.3 billion with gross margin expanding 90 basis points to 15.6% for the full yearEarnings from operations increased 13% to $271.6 million and Adjusted earnings from operations increased 14% to $322.4 million for the full yearDiluted earnings per share increased 10% to $4.87 and Adjusted diluted earnings per share increased 14% to $6.19 for the full... More