Insight Enterprises (NSIT) Tops Q4 EPS by 26c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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Insight Enterprises, Inc. Reports Fourth Quarter and Record Results for the Full Year 2020
February 11, 2021 8:00 AM ESTTEMPE, Ariz.--(BUSINESS WIRE)-- Insight Enterprises, Inc. (Nasdaq: NSIT) (the Company) today reported financial results for the quarter and full year ended December 31, 2020. Highlights include:
Net sales increased 8% to $8.3 billion for the full year Gross profit increased 14% to $1.3 billion with gross margin expanding 90 basis points to 15.6% for the full year Earnings from operations increased 13% to $271.6 million and Adjusted earnings from operations increased 14% to $322.4 million for the full year Diluted earnings per share increased 10% to $4.87 and Adjusted diluted earnings per share increased 14% to $6.19 for... More