- TD Synnex Corp (NYSE:SNX) reported third-quarter FY22 revenue growth of 195% year-over-year to $15.4 billion, beating the consensus of $15.1 billion. Revenue rose 1% Q/Q.
- Adjusted EPS of $2.74 was in line with the consensus.
- The adjusted operating margin contracted by 64 bps to 2.59% as costs surged 195% Y/Y.
- The trailing fiscal four-quarters ROIC was 7.6% compared to 21% in the prior year, and the adjusted ROIC was 12% versus 21.8% for the previous year.
- TD Synnex used $67 million in operating cash flow due to working capital investments to support growth in the business.
- The company held cash and equivalents of $350.8 million.
- Dividend: TD Synnex declared a quarterly dividend of $0.30/share.
- Q4 Outlook: TD Synnex sees revenue of $15.2 billion – $16.2 billion, versus the consensus of $16.19 billion. It sees non-GAAP EPS of $2.70 – $3.10 versus the consensus of $3.04.
- FY22 Outlook: Earlier, TD Synnex shared a non-GAAP EPS outlook of $11.15 – $11.65.
- Price Action: SNX shares traded higher by 1.18% at $85.19 on the last check Tuesday.
Xylem Remains Committed to Investors, Upholding Stability during Decreased Earnings
By the close of today, December 19, 2023, Xylem (NYSE:XYL) will issue a dividend payout of $0.33 per share, resulting in an annualized dividend yield of 1.36%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on November 20, 2023.
