Filing Flows › TD Synnex (SNX) › Q4 FY24
TD Synnex (SNX) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 24, 2025
TD Synnex (SNX) reported revenue of $15.8B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +8% from the quarter before. Operating margin was 2.0%, net earnings $195M (1.2% of revenue).
TD Synnex, Q4 FY24: revenue $15.8B (+10% year over year), operating margin 2.0%, net earnings $195M, operating cash flow $562M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.8B | +8% | +10% |
| Gross profit | $1.0B | +8% | +2% |
| Operating profit | $325M | +7% | +13% |
| Net earnings | $195M | +9% | +4% |
| Operating cash flow | $562M | +46% | +167% |
| Free cash flow | $513M | +51% | +205% |
What changed
Revenue was $15.8B in Q4 FY24, up 10% year over year and up 8% from the previous quarter.
Gross margin was 6.6%, down 0.5 points from a year earlier. Operating profit was $0.32B, a 2.0% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 3% reached operating profit, above the 2% margin then. Operating expenses fell 2% while revenue rose 10%. Net earnings were $0.19B, up 4% year over year. The effective tax rate was 17.9%.
Operating cash flow was $0.56B (up 167% year over year), 288% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.24B. Capital expenditures of $0.05B left free cash flow of $0.51B.
Questions
What was TD Synnex's revenue in the fourth quarter fiscal 2024?
TD Synnex (SNX) reported revenue of $15.8B for the fourth quarter fiscal 2024 (Q4 FY24), +10% from a year earlier and +8% from the quarter before.
Was TD Synnex profitable in the fourth quarter fiscal 2024?
Operating profit was $325M (2.0% of revenue) and net earnings $195M.
Source: TD Synnex 10-K on SEC EDGAR.