- Synnex press release ( NYSE: SNX ): Q4 Non-GAAP EPS of $3.44 beats by $0.52 .
- Revenue of $16.2B (+3.8% Y/Y) beats by $370M .
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First Quarter Fiscal 2023 Outlook: Revenue is expected to be in the range of $15.2 billion to $16.2 billion vs consensus of $15.86B. Net income is expected to be in the range of $139 million to $178 million and on a non-GAAP basis, net income is expected to be in the range of $248 million to $287 million. Diluted earnings per share is expected to be in the range of $1.46 to $1.86 and on a non-GAAP basis, diluted earnings per share is expected to be in the range of $2.60 to $3.00 vs consensus of $3.05, based on estimated outstanding diluted weighted average shares of 94.8 million. The outlook for the fiscal 2023 first quarter reflects the impact of year-over-year foreign exchange headwinds on revenue of approximately $500 million and interest rate movements of $33 million.
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Returned $240 million to shareholders in fiscal 2022 in the form of share repurchases and dividends
- Announced that the Board of Directors has declared a Q1 dividend per share of $0.35, a 17% increase to the prior quarter, and authorized a new $1 billion share repurchase program
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Synnex Non-GAAP EPS of $3.44 beats by $0.52, revenue of $16.2B beats by $370M, initiates Q1 outlook