Investors with an interest in Electronics - Miscellaneous Products stocks have likely encountered both TD SYNNEX (SNX) and Trimble Navigation (TRMB) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision tre ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition perio ...

财务数据和关键指标变化 - 公司第一季度总毛利总额为10亿美元,毛利率为7.2%,同比提升52个基点 [19] - 公司第一季度非GAAP营业利润为4.25亿美元,营业利润率为3.04%,同比提升11个基点 [19] - 公司第一季度非GAAP净利润为2.66亿美元,非GAAP每股收益为2.99美元,达到指引上限 [19] 各条业务线数据和关键指标变化 - 终端解决方案(Endpoint Solutions)业务总毛利率为5%左右,高级解决方案(Advanced Solutions)业务总毛利率为9%左右 [63][64] - 终端解决方案业务中,PC销售略有增长,但移动设备和部分组件需求疲软 [9] - 高级解决方案业务受到去年同期高基数的影响,同比有所下滑 [9][43] 各个市场数据和关键指标变化 - 美洲地区PC市场有所改善,拉丁美洲业务创下历史新高 [8] - 欧洲地区PC市场表现良好,但高级解决方案业务受到去年同期高基数的影响 [8] - 亚太及日本地区在常汇率基础上持续增长,多个新兴市场的高级解决方案业务表现强劲 [8] 公司战略和发展方向及行业竞争 - 公司正在积极拓展人工智能(AI)相关业务,与微软合作推出Copilot产品,与英伟达扩大合作分销其全线产品 [10][11] - 公司正在加大在云计算、安全、数据、物联网等战略技术领域的投入,这些业务在第一季度占总毛利总额的23% [12] - 公司认为AI将成为未来增长的重要驱动力,在PC、基础设施和软件等各个领域都有广阔的发展空间 [33][79] 管理层对经营环境和未来前景的评论 - 公司预计PC市场在2024财年下半年将有所改善,主要受益于新一代AI驱动PC的推出、设备更新周期以及操作系统升级等因素 [9] - 公司对2024财年下半年的总体业绩保持乐观,预计总毛利总额和每股收益将实现中单位数至高单位数的增长 [23] - 公司认为当前市场环境的挑战为其提供了机会,使其的业务模式、产品组合和能力得到进一步增强 [13][24] 其他重要信息 - 公司董事会批准了新的20亿美元股票回购计划,未来两到三年内有足够的覆盖 [29][30] - 公司将在今年8月到期的7亿美元优先票据到期前进行再融资 [20] - 公司预计2024财年全年可产生12亿美元自由现金流,并将其中50%用于股息和股票回购 [23] 问答环节重要的提问和回答 问题1 **Adam Tindle 提问** 询问公司对PC市场的乐观预期是否会导致下半年业绩权重向后倾斜,以及之前提到的50百万美元成本优化措施的执行情况 [27][28] **Marshall Witt 回答** 公司预计下半年PC市场的改善可能会使得下半年业绩权重略有上升,但仍在48%-52%的历史范围内。之前提到的50百万美元成本优化措施已在第一季度完成 [28] 问题2 **George Wang 提问** 询问公司Hyve业务在AI数据中心建设方面的进展和前景 [32][33] **Rich Hume 回答** 公司认为AI将成为未来各个领域的重要增长动力,Hyve业务也将从中获益,未来其在AI基础设施建设方面的占比将不断提高 [33] 问题3 **Joseph Cardoso 提问** 询问公司毛利率持续改善的原因,以及PC市场复苏可能带来的影响,以及Hyve新客户的进展情况 [38][39] **Rich Hume 和 Marshall Witt 回答** 公司毛利率改善得益于产品组合向高毛利业务倾斜,以及会计处理上的影响。PC市场复苏可能会带来一定的毛利率压力,但公司有其他业务可以抵消。Hyve新客户的部署进展顺利 [39][40]

Exhibit 99.1 TD SYNNEX Reports Fiscal 2024 First Quarter Results; Announces New $2B Share Repurchase Authorization • Revenue of $14.0 billion, within our outlook of $14.0 - $14.7 billion. • Non-GAAP gross billings(1) of $19.3 billion, within our outlook of $19.0 - $20.0 billion. • Gross margin and non-GAAP gross margin(1) of 7.20%, up 57 bps and 52 bps, respectively, from the prior fiscal first quarter. • Net income of $172 million, and non-GAAP net income(1) of $266 million. • Diluted earnings per share (“ ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________ FORM 10-K ___________________________________________ (Mark One) xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended November 30, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________________to_________________ Commission File Number ...

TD SYNNEX Corporation (NYSE:SNX) Q4 2023 Earnings Conference Call January 9, 2024 9:00 AM ET Company Participants Liz Morali - Head of IR Rich Hume - CEO Marshall Witt - CFO Conference Call Participants David Vogt - UBS Vince Colicchio - Barrington Research Ruplu Bhattacharya - Bank of America Michael Ng - Goldman Sachs Adam Tindle - Raymond James George Wang - Barclays Joseph Cardoso - JPMorgan Keith Housum - Northcoast Research Ashish Sabadra - RBC Capital Markets Operator Ladies and gentlemen, good morni ...

Investor Presentation January 2024 Safe harbor statement Statements in this presentation regarding TD SYNNEX ...

Ladies and gentlemen, good morning. My name is Abby, and I will be your conference operator today. I would like to welcome everyone to the TD Cinex fourth quarter and full year fiscal 2023 earnings call. Today's call is being recorded and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. At this time for opening remarks, I would like to pass the call over to Liz Morale, Head of Investor Relations. Liz, you may begin. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended August 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...

TD SYNNEX Corporation (NYSE:SNX) Q3 2023 Earnings Conference Call September 26, 2023 9:00 AM ET Company Participants Rich Hume - Chief Executive Officer Marshall Witt - Chief Financial Officer Liz Morali - Head of Investor Relations Conference Call Participants Ananda Baruah - Loop Capital Michael Ng - Goldman Sachs Adam Tindle - Raymond James Keith Housum - Northcoast Research Joseph Cardoso - JP Morgan Matt Sheerin - Stifel Ruplu Bhattacharya - Bank of America George Wang - Barclays Patrick Jackson - RBC ...