TD SYNNEX (SNX) Stock

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) has announced that Hau Lee will be retiring from its Board of Directors. Lee has been a Director since 2012 and will step down when his current term ends at the 2025 Annual Meeting of Stockholders. Ann Vezina praised Hau for his important leadership and expertise that have greatly helped TD SYNNEX grow and succeed.

I continue to recommend buying TD Synnex Corp. because of the increasing demand and a promising growth forecast for FY25. In the fourth quarter of 2024, SNX reported a 10% year-over-year rise in revenue, thanks to its advanced and endpoint solutions, along with steady profits and a positive outlook for FY25. The rebound in enterprise IT spending and strong growth in cloud, cybersecurity, and software solutions are key factors driving SNX's success.

Assess TD SYNNEX's (SNX) dependence on international revenue to gain insights into the company's financial health, growth potential, and possible stock price trends.

SNX's results for the fourth quarter show a significant increase in revenue, thanks to strong growth in various product categories.

TD SYNNEX Corporation (NYSE:SNX) will hold its Q4 2024 Earnings Conference Call on January 10, 2025, at 9:00 AM ET. The call will feature company representatives including Jack Huddleston, Patrick Zammit, and Marshall Witt, along with participants from various financial institutions. The operator for the call is Julianne, who will assist throughout the session.

While the revenue and earnings per share (EPS) for TD SYNNEX (SNX) provide insight into its performance for the quarter ending in November 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.

TD SYNNEX (SNX) reported quarterly earnings of $3.09 per share, which is higher than the Zacks Consensus Estimate of $3.06 per share. This is a slight decrease compared to earnings of $3.13 per share from the same period last year.

TD SYNNEX (NYSE: SNX) has released its financial results for the fourth quarter and the entire fiscal year that ended on November 30, 2024. In the fourth quarter of fiscal 2024, the company reported revenues of $15,844.6 million, which is a 10% increase compared to $14,407.3 million in the same quarter last year. The gross profit for this quarter was $1,040.9 million, showing a slight rise of 2.2% from $1,018.6 million in Q4 FY23, while the gross margin decreased to 6.57%.

TD SYNNEX (NYSE: SNX) has announced that it will move its fourth quarter and full year fiscal 2024 earnings release and conference call from January 9, 2025, to January 10, 2025, before the U.S. market opens at 6:00 a.m. PT / 9:00 a.m. ET. This change is made in honor of the National Day of Mourning for former President Jimmy Carter.