Tech Data (TECD) Tops Q4 EPS by 52c, Sales Miss; Issues Mixed Outlook

Tech Data (NASDAQ: TECD) reported Q4 EPS of $4.55, $0.52 better than the analyst estimate of $4.03. Revenue for the quarter came in at $10.45 billion versus the consensus estimate of $10.63 billion.

“I am very pleased to report that our teams delivered an excellent Q4, capping a strong finish to a record year for Tech Data. Fiscal year 19 worldwide sales grew to more than $37 billion, and non-GAAP operating income and earnings per share increased by double digits – to the highest levels in Tech Data history. In addition, we generated $380 million in cash from operations, earned an adjusted return on invested capital north of 13 percent, paid down $200 million of debt, and returned $107 million to our shareholders through share repurchases,” said Rich Hume, chief executive officer. “Our fiscal 19 results demonstrate that our differentiated end-to-end portfolio, skills and capabilities are strengthening and expanding our position as a trusted partner to the world\'s leading technology vendors while serving our customers better than any other company in our space. Our past year’s performance also reveals the enhanced financial profile of the new Tech Data – delivering strong earnings growth, generating solid cash flow and industry-leading return on invested capital. The Board’s authorization of an additional $100 million share repurchase reflects our continued confidence in Tech Data’s business and our commitment to enhancing shareholder value.”

GUIDANCE:

Tech Data sees Q1 2020 EPS of $1.80-$2.10, versus the consensus of $2.04. Tech Data sees Q1 2020 revenue of $8.3-8.6 billion, versus the consensus of $8.69 billion.

For earnings history and earnings-related data on Tech Data (TECD) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Outlook Therapeutics (OTLK) Misses Q3 EPS by 9c
• Blackhawk Network (HAWK) Reports Q2 Loss of $0.07; Offers Guidance