TD SYNNEX reports fiscal 2022 full year and fourth quarter results; announces dividend increase and new $1B share repurchase authorisation

By Simon Meredith | 11th January 2023

Fiscal fourth quarter revenue of $16.2 billion, up four percent from the prior-year period, up 11 percent in constant currency
• Fiscal fourth quarter non-GAAP operating income of $496 million, up 22 percent from the prior-year period
• Fiscal fourth quarter operating income of $334 million, up 80 percent from the prior-year period
Fiscal fourth quarter non-GAAP diluted earnings per share (“EPS”) of $3.44, up 20 percent from the prior-year period, exceeding the high end of the prior guidance range despite headwinds from foreign currency and interest expense
Fiscal fourth quarter diluted EPS of $2.31, above the previously provided outlook of $1.44 to $1.84 per share
• Fiscal 2022 revenue of $62.3 billion, up 97 percent from the prior-year period
• Fiscal 2022 non-GAAP diluted EPS of $11.94, $0.74 above the high end of the original guidance range provided in January 2022
• Fiscal 2022 diluted EPS of $6.77, above the outlook provided in January 2022 of $4.83 to $5.90 per share
Accelerated achievement of merger-related cost synergies, realizing $145 million for fiscal year 2022, and made significant progress on Americas ERP migration
• 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 percent increase to the prior quarter, and authorised a new $1 billion share repurchase program

FREMONT, CA and CLEARWATER, FL, January 11, 2023 – TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal fourth quarter and fiscal year ended November 30, 2022.

For full press release click on the link below:

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