TD SYNNEX News Fiscal 2022 Complete Year and also 4th Quarter Outcomes; Announces Returns Rise and also Brand-new $1B Share Repurchase Permission

January 10, 2023

  • Financial 4th quarter income of $16.2 billion, up 4% from the prior-year duration, up 11% in consistent money

  • Financial 4th quarter non-GAAP operating earnings of $496 million, up 22% from the prior-year duration

  • Financial 4th quarter operating earnings of $334 million, up 80% from the prior-year duration

  • Financial 4th quarter non-GAAP watered down incomes per share (” EPS”) of $3.44, up 20% from the prior-year duration, going beyond the luxury of the previous advice array in spite of headwinds from international money and also passion cost

  • Financial 4th quarter watered down EPS of $2.31, over the formerly offered expectation of $1.44 to $1.84 per share

  • Financial 2022 income of $62.3 billion, up 97% from the prior-year duration

  • Financial 2022 non-GAAP watered down EPS of $11.94, $0.74 over the luxury of the initial advice array offered in January 2022

  • Financial 2022 watered down EPS of $6.77, over the expectation offered in January 2022 of $4.83 to $5.90 per share

  • Faster success of merger-related price harmonies, understanding $145 million for 2022, and also made substantial development on Americas ERP movement

  • Returned $240 million to investors in monetary 2022 in the kind of share repurchases and also returns

  • Revealed that the Board of Supervisors has actually stated a Q1 returns per share of $0.35, a 17% boost to the previous quarter, and also accredited a brand-new $1 billion share bought program

FREMONT, Calif. & & CLEARWATER, Fla., January 10, 2023–( ORGANIZATION CABLE)– TD SYNNEX (NYSE: SNX) today introduced economic outcomes for the monetary 4th quarter and also finished November 30, 2022.

Consolidated Financial Emphasizes for the Financial 2022 4th Quarter:

Q4 FY22

Q4 FY21

Web Adjustment from Q4 FY21

Earnings ($ M)

$

16,248.0

$

15,611.3

4.1

%

Operating earnings ($ M)

$

334.2

$

185.4

80.3

%

Non-GAAP operating earnings ($ M)( 1 )

$

495.6

$

407.9

21.5

%

Operating margin

2.06

%

1.19

%

87 bps

Non-GAAP operating margin( 1 )

3.05

%

2.61

%

44 bps

Take-home pay ($ M)

$

221.2

$

119.4

85.2

%

Non-GAAP earnings ($ M)( 1 )

$

329.8

$

275.8

19.6

%

Weakened EPS

$

2.31

$

1.24

86.3

%

Non-GAAP Diluted EPS( 1 )

$

3.44

$

2.86

20.3

%

” In 2022 we utilized our cumulative ability and also strengthened TD SYNNEX as the circulation companion of selection,” claimed Rich Hume, Chief Executive Officer of TD SYNNEX. “Via the concentrated initiatives of our associates, business has actually remained to execute well, and also we dramatically advanced our core and also high-growth development approach and also surpassed our enthusiastic economic objectives for both the quarter and also the year, in spite of raised headwinds from international money and also greater rate of interest. We are fully equipped to browse the macroeconomic atmosphere in 2023 and also anticipate to remain to execute much better than the total IT sector.”

Financial 2022 4th Quarter Emphasizes

  • Earnings was $16.2 billion, up 4.1% from the previous monetary 4th quarter. On a continuous money basis, incomes raised by 10.5%. Earnings development was driven by solid need in all 3 areas, mostly because of development in our Advanced Solutions profile and also high-growth modern technologies.

    • Americas: Profits were $10.0 billion, a boost of 7.8% contrasted to the previous monetary 4th quarter. On a continuous money basis, incomes raised 8.8%.

    • Europe: Profits were $5.4 billion, a decline of 2.5% contrasted to the previous monetary 4th quarter. On a continuous money basis, incomes raised 12.6%.

    • Asia-Pacific and also Japan: Profits were $0.8 billion, a boost of 5.9% contrasted to the previous monetary 4th quarter. On a continuous money basis, incomes raised 16.5%.

  • Operating earnings was $334 million, contrasted to $185 million in the previous monetary 4th quarter. Non-GAAP operating earnings was $496 million in the existing quarter contrasted to $408 million in the previous monetary 4th quarter. Running margin was 2.1%, contrasted to 1.2% in the previous monetary 4th quarter. Non-GAAP operating margin was 3.1% in the existing quarter, contrasted to 2.6% in the previous monetary 4th quarter. Throughout all areas, running margin development was driven by mix change to high-growth modern technologies, price self-control and also merging harmony implementation.

    • Americas: Operating earnings was $222 million, contrasted to $125 million in the previous monetary 4th quarter. Non-GAAP operating earnings was $324 million in the existing quarter contrasted to $270 million in the previous monetary 4th quarter. Running margin was 2.2%, contrasted to 1.3% in the previous monetary 4th quarter. Non-GAAP operating margin was 3.2% in the existing quarter, contrasted to 2.9% in the previous monetary 4th quarter.

    • Europe: Operating earnings was $77 million, contrasted to $45 million in the previous monetary 4th quarter. Non-GAAP operating earnings was $135 million in the existing quarter contrasted to $117 million in the previous monetary 4th quarter. Running margin was 1.4%, contrasted to 0.8% in the previous monetary 4th quarter. Non-GAAP operating margin was 2.5% in the existing quarter, contrasted to 2.1% in the previous monetary 4th quarter.

    • Asia-Pacific and also Japan: Operating earnings was $35 million, contrasted to $15 million in the previous monetary 4th quarter. Non-GAAP operating earnings was $37 million in the existing quarter contrasted to $20 million in the previous monetary 4th quarter. Running margin was 4.2%, contrasted to 2.0% in the previous monetary 4th quarter. Non-GAAP operating margin was 4.5% in the existing quarter, contrasted to 2.6% in the previous monetary 4th quarter.

  • Weakened EPS was $2.31, contrasted to $1.24 in the previous monetary 4th quarter, a boost of 86.3%. Non-GAAP watered down EPS was $3.44, contrasted to $2.86 in the previous monetary 4th quarter, a boost of 20.3% and also $0.34 over the luxury of our previous advice array.

  • Cash money offered by procedures was $302 million for the quarter.

  • Returned $71 million to investors through repurchases of our ordinary shares of $42 million and also returns of $29 million.

Consolidated Financial Emphasizes Financial 2022:

FY22

FY21

Web Adjustment from FY21

Earnings ($ M)

$

62,343.8

$

31,614.2

97.2

%

Operating earnings ($ M)

$

1,050.9

$

623.2

68.6

%

Non-GAAP operating earnings ($ M)( 1 )

$

1,724.0

$

902.1

91.1

%

Operating margin

1.69

%

1.97

%

( 28) bps

Non-GAAP operating margin( 1 )

2.77

%

2.85

%

( 8) bps

Take-home pay ($ M)

$

651.3

$

395.1

64.9

%

Non-GAAP earnings ($ M)( 1 )

$

1,147.9

$

595.7

92.7

%

Weakened EPS

$

6.77

$

6.24

8.5

%

Non-GAAP Diluted EPS( 1 )

$

11.94

$

9.40

27.0

%

Financial 2022 Emphasizes

  • Earnings was $62.3 billion, up 97.2% from the previous , mostly because of the influence of the conclusion of the merging with Technology Information on September 1, 2021.

  • Operating earnings was $1.05 billion, contrasted to $623 million in the previous . Non-GAAP operating earnings was $1.72 billion in the existing year contrasted to $902 million in the previous . Running margin was 1.7%, contrasted to 2.0% in the previous . Non-GAAP operating margin was 2.8% in the existing year, contrasted to 2.9% in the previous .

  • Weakened EPS was $6.77, contrasted to $6.24 in the previous , a boost of 8.5%. Non-GAAP Diluted EPS was $11.94, contrasted to $9.40 in the previous , a boost of 27%. Non-GAAP EPS for the was $0.74 over the luxury of our initial advice array offered in January 2022 and also $0.29 over the luxury of one of the most current advice array offered in September 2022, in spite of headwinds from passion cost and also Euro decline.

  • Cash money made use of in procedures was $50 million for the year, because of short-term supply chain restrictions along with stock financial investments to sustain development in business that we anticipate to start to stabilize in monetary 2023.

  • Returned $240 million to investors through repurchases of our ordinary shares of $125 million and also returns of $115 million.

The complying with declarations are based upon TD SYNNEX’s existing assumptions for the monetary 2023 initial quarter. Non-GAAP economic actions leave out the influence of procurement, combination and also restructuring prices, amortization of abstract properties, share-based settlement, acquisition bookkeeping modifications, and also the associated tax obligation results thereon. These declarations are positive and also real outcomes might vary materially.

Initial Quarter Fiscal 2023 Expectation

  • Earnings is anticipated to be in the variety of $15.2 billion to $16.2 billion.

  • Take-home pay is anticipated to be in the variety of $139 million to $178 million and also on a non-GAAP basis, earnings is anticipated to be in the variety of $248 million to $287 million.

  • Thinned down incomes per share is anticipated to be in the variety of $1.46 to $1.86 and also on a non-GAAP basis, watered down incomes per share is anticipated to be in the variety of $2.60 to $3.00, based upon approximated exceptional watered down heavy ordinary shares of 94.8 million.

  • The expectation for the monetary 2023 initial quarter shows the influence of year-over-year forex headwinds on income of around $500 million and also rate of interest motions of $33 million.

Share Repurchase News

The TD SYNNEX board of supervisors has actually authorized a share bought program of as much as $1 billion of its ordinary shares over a duration of as much as 3 years, changing the previous three-year program. Supply repurchases might be made at monitoring’s discernment periodically via competitive market or independently discussed purchases, consisting of according to several Regulation 10b5-1 trading strategies embraced based on Regulation 10b5-1 of the Stocks Exchange Act of 1934.

Returns

TD SYNNEX introduced today that its Board of Supervisors stated a quarterly cash money returns of $0.35 per typical share, which stands for a 17% boost as contrasted to the previous quarter. The returns is payable on January 27, 2023 to investors of document since the close of service on January 20, 2023.

Teleconference and also Webcast

TD SYNNEX will certainly organize a teleconference today to go over the monetary 2022 4th quarter results at 6:00 AM (PT)/ 9:00 AM (ET).

An online sound webcast of the incomes telephone call will certainly come at ir.tdsynnex.com and also a replay of the webcast will certainly be readily available complying with the telephone call.

Regarding TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading international representative and also services collector for the IT ecological community. We’re an ingenious companion assisting greater than 150,000 consumers in 100+ nations to optimize the worth of innovation financial investments, show service end results and also unlock development chances. Headquartered in Clearwater, Florida, and also Fremont, The Golden State, TD SYNNEX’s around 23,500 associates are devoted to joining engaging IT items, solutions and also services from 1,500+ best-in-class innovation suppliers. Our edge-to-cloud profile is secured in several of the highest-growth innovation sections consisting of cloud, cybersecurity, huge data/analytics, IoT, wheelchair and also every little thing as a solution. TD SYNNEX is devoted to offering consumers and also areas, and also our team believe we can have a favorable effect on our individuals and also our world, purposefully functioning as a reputable company person. We desire be a varied and also comprehensive company of selection for ability throughout the IT ecological community. For more details, browse through TDSYNNEX.com.

( 1 ) Use Non-GAAP Financial Details

Along with the economic outcomes provided based on GAAP, TD SYNNEX describes incomes on a continuous money basis which readjusts for the translation result of international money to ensure that specific economic outcomes can be checked out without the influence of variations in international money exchange prices, therefore promoting period-to-period contrasts of our efficiency. Monetary outcomes readjusted for consistent money are determined by equating existing duration task utilizing the similar previous year durations’ money conversion price. TD SYNNEX makes use of non-GAAP gross revenue and also non-GAAP gross margin which leave out acquisition bookkeeping modifications. TD SYNNEX additionally makes use of modified marketing, basic and also management expenditures, non-GAAP operating earnings, non-GAAP operating margin, non-GAAP earnings, and also non-GAAP watered down incomes per share, which are non-GAAP economic actions that leave out procurement, combination and also restructuring prices, the amortization of abstract properties, share-based settlement cost, acquisition bookkeeping modifications, lawful negotiations and also various other lawsuits, internet and also the associated tax obligation results thereon. Even more, the Firm makes use of modified incomes prior to passion, tax obligations, devaluation and also amortization (” Adjusted EBITDA”) which leaves out various other earnings (cost), internet, procurement, combination and also restructuring prices, share-based settlement cost and also acquisition bookkeeping modifications. In previous durations, TD SYNNEX has actually left out various other things appropriate to those durations for objectives of its non-GAAP economic actions.

Procurement, combination and also restructuring prices usually contain procurement, combination, restructuring and also divestiture associated prices and also are expensed as sustained. These expenditures mostly stand for specialist solutions prices for lawful, financial, getting in touch with and also consultatory solutions, severance and also various other personnel-related prices, share-based settlement cost and also financial debt extinguishment costs. Once in a while, this group might additionally consist of transaction-related gains/losses on divestitures/spin-off of organizations, prices associated with long-lived properties consisting of disability fees and also increased devaluation and also amortization cost because of adjustments in possession valuable lives, along with numerous other prices related to the procurement or divestiture.

TD SYNNEX’s procurement tasks have actually led to the acknowledgment of finite-lived abstract properties which are composed mostly of client partnerships and also checklists and also supplier checklists. Finite-lived abstract properties are amortized over their approximated valuable lives and also are evaluated for disability when occasions show that the lugging worth might not be recoverable. The amortization of abstract properties is shown in the Firm’s Declarations of Workflow. Although abstract properties add to the Firm’s income generation, the amortization of abstract properties does not straight associate with the sale of the Firm’s items. In addition, abstract possession amortization cost usually varies based upon the dimension and also timing of the Firm’s procurement task. Appropriately, the Firm thinks leaving out the amortization of abstract properties, in addition to the various other non-GAAP modifications, which neither associate with the common program of the Firm’s service neither mirror the Firm’s underlying service efficiency, improves the Firm’s and also capitalists’ capability to contrast the Firm’s previous economic efficiency with its existing efficiency and also to assess hidden service efficiency and also patterns. Abstract possession amortization left out from the associated non-GAAP economic step stands for the whole quantity videotaped within the Firm’s GAAP economic declarations, and also the income created by the linked abstract properties has actually not been left out from the associated non-GAAP economic step. Abstract possession amortization is left out from the associated non-GAAP economic step since the amortization, unlike the associated income, is not impacted by procedures of any type of specific duration unless an abstract possession ends up being damaged or the approximated valuable life of an abstract possession is changed.

Share-based settlement cost is a non-cash cost occurring from the give of equity honors to workers based upon the approximated reasonable worth of those honors. Although share-based settlement is a vital facet of the settlement of our workers, the reasonable worth of the share-based honors might birth little similarity to the real worth understood upon the vesting or future workout of the associated share-based honors and also the cost can differ dramatically in between durations as an outcome of the timing of gives of brand-new stock-based honors, consisting of gives about procurements. Offered the range and also timing of honors and also the subjective presumptions that are essential when computing share-based settlement cost, TD SYNNEX thinks this extra details permits capitalists to make extra contrasts in between our operating arises from duration to duration.

Acquisition bookkeeping modifications are mostly associated with the influence of acknowledging the gotten supplier and also client obligations associated with the merging with Technology Information at reasonable worth. The Firm anticipates the period of these modifications to profit our non-GAAP operating earnings via a part of monetary 2023 based upon historic negotiation patterns with our suppliers and also based on the timing specified in our plan for launching supplier and also client obligations we regard remote to be paid.

Lawful negotiations and also various other lawsuits, internet consists of an advantage videotaped in various other earnings (cost), internet throughout the 4th quarter of monetary 2022 arising from a decline in our amassing for a lawful issue in France.

Routing monetary 4 quarters ROIC is specified as the last 4 quarters’ tax obligation impacted running earnings split by the standard of the last 5 quarterly equilibriums of loanings and also equity, internet of cash money. Changed ROIC is determined by leaving out the tax obligation effected influence of non-GAAP modifications from running earnings and also by leaving out the advancing tax obligation effected influence of existing and also previous duration non-GAAP modifications on equity.

TD SYNNEX additionally makes use of totally free capital, which is capital from running tasks, decreased by acquisitions of residential property and also tools. TD SYNNEX makes use of totally free capital to perform and also review its service since, although it resembles capital from procedures, TD SYNNEX thinks it is an added valuable step of capital considering that acquisitions of residential property and also tools are an essential part of recurring procedures. Cost-free capital shows an added means of seeing TD SYNNEX’s liquidity that, when checked out with its GAAP results, offers a much more full understanding of elements and also patterns impacting its capital. Cost-free capital has constraints as it does not stand for the recurring capital readily available for optional expenses. For instance, totally free capital does not integrate repayments for service procurements. For That Reason, TD SYNNEX thinks it is necessary to check out totally free capital as an enhance to its whole Consolidated Statements of Money Flows.

TD SYNNEX monitoring makes use of non-GAAP economic actions inside to recognize, handle and also review business, to develop functional objectives, and also sometimes for gauging efficiency for settlement objectives. These non-GAAP actions are meant to supply capitalists with an understanding of TD SYNNEX’s functional outcomes and also patterns that quicker allow capitalists to assess TD SYNNEX’s base economic and also running efficiency and also to help with period-to-period contrasts and also evaluation of functional patterns, along with for preparation and also projecting in future durations. Administration thinks these non-GAAP economic actions serve to capitalists in enabling higher openness relative to additional details made use of by monitoring in its economic and also functional decision-making. As these non-GAAP economic actions are not determined based on GAAP, they might not always approach in a similar way entitled actions utilized by various other business. These non-GAAP economic actions need to not be taken into consideration alone or as a replacement for the similar GAAP actions, and also need to read just along with TD SYNNEX’s Consolidated Financial Statements prepared based on GAAP. A settlement of TD SYNNEX’s GAAP to non-GAAP economic details is stated in the additional tables at the end of this news release.

Safe Harbor Declaration

Declarations in this press release concerning TD SYNNEX that are not historic truths are “positive declarations” within the significance of Area 27A of the Stocks Act of 1933 and also Area 21E of the Stocks Exchange Act of 1934. Such positive declarations are naturally unpredictable, and also investors and also various other possible capitalists need to identify that real outcomes might vary materially from TD SYNNEX assumptions as an outcome of a range of elements. These positive declarations might be recognized by terms such as think, predict, anticipate, may, will, supply, can and also need to and also the adverse of these terms or various other comparable expressions. These positive declarations consist of, however are not restricted to, declarations concerning our approach, strategies and also placing, along with advice pertaining to the initial quarter of monetary 2023. Such positive declarations are based upon monitoring’s existing assumptions and also consist of understood and also unidentified dangers, unpredictabilities and also various other elements, much of which TD SYNNEX is incapable to anticipate or regulate, that might trigger TD SYNNEX real outcomes, efficiency, or strategies to vary materially from any type of future outcomes, efficiency or strategies revealed or suggested by such positive declarations.

These dangers and also unpredictabilities consist of, however are not restricted to: the danger that the heritage SYNNEX and also heritage Technology Information organizations will certainly not be incorporated efficiently or recognize the expected advantages of the consolidated business; recurring results of the COVID-19 pandemic; the negative end result of any type of lawful procedures that have actually been or might be set up versus us; the capability to preserve essential employees; basic financial and also political problems; any type of weak point in infotech and also customer electronic devices investing; seasonality; the loss or combination of several of our substantial initial tools supplier, or OEM, providers or consumers; market approval and also item life of the items we set up and also disperse; affordable problems in our sector and also their effect on our margins; rates, margin and also various other terms with our OEM providers; our capability to get market share; variants in supplier-sponsored programs; adjustments in our prices and also operating costs; adjustments in international money exchange prices; raised rising cost of living; adjustments in tax obligation legislations; dangers related to our global procedures; unpredictabilities and also irregularity sought after by our reseller and also combination consumers; supply lacks or hold-ups; any type of discontinuation or decrease in our layout funding plans; credit score direct exposure to our reseller consumers and also adverse patterns in their organizations; any type of occurrences of burglary; the statement, timing and also settlement of returns, and also the Board’s review thereof; and also various other dangers and also unpredictabilities outlined in our Kind 10-K for the finished November 30, 2021 and also succeeding SEC filings. Declarations consisted of in this news release are based upon details understood to TD SYNNEX since the day of this launch, and also TD SYNNEX thinks no responsibility to upgrade details included in this news release unless or else called for by regulation.

Copyright 2023 TD SYNNEX FIRM. All legal rights scheduled. TD SYNNEX, the TD SYNNEX Logo Design, and also all various other TD SYNNEX business, product or services names and also mottos are hallmarks or signed up hallmarks of TD SYNNEX Company. Various other names and also marks are the residential property of their particular proprietors.

TD SYNNEX Company

Consolidated Equilibrium Sheets

( Money and also share quantities in thousands, other than par worth)

( Quantities might not include because of rounding)

( Unaudited)

November 30, 2022

November 30, 2021

PROPERTIES

Present properties:

Cash money and also cash money matchings

$

522,604

$

993,973

Accounts receivable, internet

9,420,999

8,310,032

Receivables from suppliers, internet

819,135

1,118,963

Supplies

9,066,620

6,642,915

Various other existing properties

671,507

668,261

Overall existing properties

20,500,865

17,734,144

Building and also tools, internet

421,064

483,443

A Good Reputation

3,803,850

3,917,276

Abstract properties, internet

4,422,877

4,913,124

Various other properties, internet

585,342

618,393

Overall properties

$

29,733,998

$

27,666,380

OBLIGATIONS AS WELL AS EQUITY

Present obligations:

Loanings, existing

$

268,128

$

181,256

Accounts payable

13,988,980

12,034,946

Various other accumulated obligations

2,171,613

2,017,253

Overall existing obligations

16,428,721

14,233,455

Long-lasting loanings

3,835,665

3,955,176

Various other long-lasting obligations

501,856

556,134

Deferred tax obligation obligations

942,250

1,015,640

Overall obligations

21,708,492

19,760,405

Stockholders’ equity:

Participating preferred stock, $0.001 the same level worth, 5,000 shares accredited, no shares provided or exceptional

Ordinary shares, $0.001 the same level worth, 200,000 shares accredited, 98,696 and also 98,204 shares provided since November 30, 2022 and also 2021, specifically

99

98

Extra paid-in funding

7,374,100

7,271,337

Treasury supply, 4,049 and also 2,633 shares since November 30, 2022 and also 2021, specifically

( 337,217

)

( 201,139

)

Built up various other thorough loss

( 719,710

)

( 336,194

)

Kept incomes

1,708,234

1,171,873

Overall investors’ equity

8,025,506

7,905,975

Overall obligations and also equity

$

29,733,998

$

27,666,380

TD SYNNEX Company

Consolidated Declarations of Workflow

( Money and also share quantities in thousands, other than per share quantities)

( Quantities might not include because of rounding)

( Unaudited)

3 Months Finished

Twelve Months Finished

November 30, 2022

November 30, 2021

November 30, 2022

November 30, 2021

Earnings

$

16,247,957

$

15,611,266

$

62,343,810

$

31,614,169

Price of income

( 15,188,238

)

( 14,668,096

)

( 58,443,611

)

( 29,724,635

)

Gross revenue

1,059,719

943,170

3,900,199

1,889,534

Marketing, basic and also management expenditures

( 675,504

)

( 655,719

)

( 2,627,007

)

( 1,154,166

)

Procurement, combination and also restructuring prices

( 50,053

)

( 102,086

)

( 222,319

)

( 112,150

)

Operating earnings

334,162

185,365

1,050,873

623,218

Rate of interest cost and also money fees, internet

( 80,148

)

( 86,066

)

( 222,578

)

( 157,835

)

Various other earnings (cost), internet

11,210

( 1,608

)

( 1,165

)

1,102

Revenue prior to earnings tax obligations

265,224

97,691

827,130

466,485

( Arrangement) advantage for earnings tax obligations

( 43,993

)

21,749

( 175,823

)

( 71,416

)

Take-home pay

$

221,231

$

119,440

$

651,307

$

395,069

Revenues per typical share:

Standard

$

2.31

$

1.24

$

6.79

$

6.28

Weakened

$

2.31

$

1.24

$

6.77

$

6.24

Weighted-average typical shares exceptional:

Standard

94,839

95,464

95,225

62,239

Weakened

95,102

95,873

95,509

62,698

TD SYNNEX Company

Regional Financial Emphasizes for the Financial 2022 4th Quarter

( Money in millions)

( Quantities might not include because of rounding)

Q4 FY22

Q4 FY21

Web Adjustment from Q4 FY21

Americas

Earnings

$

10,039.1

$

9,311.2

7.8

%

Operating earnings

$

222.3

$

124.9

78.0

%

Non-GAAP operating earnings ( 1 )

$

323.7

$

270.3

19.8

%

Operating margin

2.21

%

1.34

%

87 bps

Non-GAAP operating margin( 1 )

3.22

%

2.90

%

32 bps

Europe

Earnings

$

5,375.0

$

5,512.8

( 2.5 )

%

Operating earnings

$

77.1

$

45.2

70.7

%

Non-GAAP operating earnings ( 1 )

$

134.6

$

117.2

14.8

%

Operating margin

1.44

%

0.82

%

62 bps

Non-GAAP operating margin( 1 )

2.50

%

2.13

%

37 bps

Asia-Pacific and also Japan

Earnings

$

833.8

$

787.3

5.9

%

Operating earnings

$

34.7

$

15.3

126.7

%

Non-GAAP operating earnings ( 1 )

$

37.3

$

20.4

82.5

%

Operating margin

4.17

%

1.95

%

222 bps

Non-GAAP operating margin( 1 )

4.47

%

2.59

%

188 bps

( 1) A settlement of TD SYNNEX’ GAAP to non-GAAP economic details is stated in the additional tables at the end of this news release.

TD SYNNEX Company

Settlement of GAAP to Non-GAAP economic actions

( Money in thousands)

( Quantities might not include because of rounding)

3 Months Finished

November 30, 2022

November 30, 2021

Earnings in consistent money

Consolidated

Earnings

$

16,247,957

$

15,611,266

International money translation

1,006,657

Earnings in consistent money

$

17,254,614

$

15,611,266

Americas

Earnings

$

10,039,117

$

9,311,165

International money translation

92,310

Earnings in consistent money

$

10,131,427

$

9,311,165

Europe

Earnings

$

5,375,015

$

5,512,828

International money translation

830,795

Earnings in consistent money

$

6,205,810

$

5,512,828

Asia-Pacific and also Japan

Earnings

$

833,825

$

787,273

International money translation

83,552

Earnings in consistent money

$

917,377

$

787,273

3 Months Finished

Twelve Months Finished

November 30,
2022

November 30,
2021

November 30,
2022

November 30,
2021

Gross revenue and also gross margin

Earnings

$

16,247,957

$

15,611,266

$

62,343,810

$

31,614,169

Gross revenue

$

1,059,719

$

943,170

$

3,900,199

$

1,889,534

Acquisition bookkeeping modifications

17,720

23,476

96,128

23,476

Non-GAAP gross revenue

$

1,077,439

$

966,646

$

3,996,327

$

1,913,010

GAAP gross margin

6.52

%

6.04

%

6.26

%

5.98

%

Non-GAAP gross margin

6.63

%

6.19

%

6.41

%

6.05

%

TD SYNNEX Company

Settlement of GAAP to Non-GAAP economic actions

( Money in thousands)

( Quantities might not include because of rounding)

3 Months Finished

Twelve Months Finished

November 30,
2022

November 30,
2021

November 30,
2022

November 30,
2021

Marketing, basic and also management expenditures

GAAP marketing, basic and also management expenditures

$

725,557

$

757,805

$

2,849,326

$

1,266,316

Procurement, combination and also restructuring prices

50,053

102,082

222,319

112,150

Amortization of intangibles

75,080

77,204

299,162

105,332

Share-based settlement

18,563

14,932

38,994

33,078

Acquisition bookkeeping modifications

4,876

16,564

4,876

Changed marketing, basic and also management expenditures

$

581,861

$

558,711

$

2,272,287

$

1,010,880

3 Months Finished

Twelve Months Finished

November 30,
2022

November 30,
2021

November 30,
2022

November 30,
2021

Operating earnings and also running margin – Consolidated

Earnings

$

16,247,957

$

15,611,266

$

62,343,810

$

31,614,169

GAAP operating earnings

$

334,162

$

185,365

$

1,050,873

$

623,218

Procurement, combination and also restructuring prices

50,053

102,082

222,319

112,150

Amortization of intangibles

75,080

77,204

299,162

105,332

Share-based settlement

18,563

14,932

38,994

33,078

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