• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Insight Enterprises, Inc. Reports First Quarter Results

    5/1/25 8:00:00 AM ET
    $NSIT
    Catalog/Specialty Distribution
    Consumer Discretionary
    Get the next $NSIT alert in real time by email

    Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company") today reported financial results for the quarter ended March 31, 2025. Results include:

    • Gross profit decreased 8% year to year to $406.5 million while gross margin expanded 80 basis points to 19.3%
      • Cloud gross profit decreased 3% year to year
      • Insight Core services gross profit decreased 4% year to year
    • Consolidated net earnings decreased 89% year to year to $7.5 million
    • Adjusted earnings before interest, tax, depreciation and amortization ("EBITDA") decreased 16% to $111.3 million year to year
    • Diluted earnings per share of $0.22 decreased 87% year to year
    • Adjusted diluted earnings per share of $2.06 decreased 13% year to year
    • Cash flows provided by operating activities were $78.1 million

    In the first quarter of 2025, net sales decreased 12%, year to year, to $2.1 billion, and gross profit decreased 8%, year to year, to $406.5 million. Gross margin expanded 80 basis points compared to the first quarter of 2024 to 19.3%. Earnings from operations of $60.1 million decreased 40% compared to $100.0 million in the first quarter of 2024. Adjusted earnings from operations of $102.4 million decreased 16%, year to year compared to $121.8 million in the first quarter of 2024. Consolidated net earnings were $7.5 million, or 0.4% of net sales, in the first quarter of 2025, down compared to the first quarter of 2024, and attributable in part to a $15.2 million loss on revaluation of earnout liability and a net loss of $25.1 million recorded to reflect the revaluation of warrant settlement liabilities. Adjusted consolidated net earnings were $67.8 million, or 3.2% of net sales. Diluted earnings per share for the quarter was $0.22, down 87%, year to year, and Adjusted diluted earnings per share was $2.06, down 13%, year to year.

    "In the first quarter, we delivered Adjusted earnings from operations and Adjusted diluted earnings per share in line with our expectations. We were pleased with the continued hardware momentum, led by commercial and corporate demand, and our gross margin expansion," stated Joyce Mullen, President and Chief Executive Officer. "While gross profit was slightly below our expectations, primarily due to product-related services performance, effective expense management allowed us to achieve our profitability target," Mullen stated.

    KEY HIGHLIGHTS

    Results for the Quarter:

    • Consolidated net sales for the first quarter of 2025 of $2.1 billion decreased 12%, year to year, when compared to the first quarter of 2024. Product net sales decreased 13%, year to year, and services net sales decreased 5%, year to year. Software product net sales decreased 32%, year to year, while hardware product net sales increased 1%, year over year.
      • Net sales in North America decreased 11%, year to year, to $1.7 billion;
        • Product net sales decreased 12%, year to year, to $1.4 billion;
        • Services net sales decreased 7%, year to year, to $297.6 million;
      • Net sales in EMEA decreased 17%, year to year, to $342.8 million; and
      • Net sales in APAC decreased 3%, year to year, to $60.1 million.
    • Excluding the effects of fluctuating foreign currency exchange rates, consolidated net sales decreased 11%, year to year, with decreases in net sales in North America and EMEA of 10% and 15%, year to year, respectively, partially offset by an increase in APAC of 1%, year over year.
    • Consolidated gross profit decreased 8% compared to the first quarter of 2024 to $406.5 million, with consolidated gross margin expanding 80 basis points to 19.3% of net sales. Product gross profit decreased 9%, year to year, and services gross profit decreased 7%, year to year. Cloud gross profit decreased 3%, year to year, and Insight Core services gross profit decreased 4%, year to year. By segment, gross profit:
      • decreased 9% in North America, year to year, to $319.5 million (18.8% gross margin);
      • decreased 4% in EMEA, year to year, to $71.9 million (21.0% gross margin); and
      • decreased 6% in APAC, year to year, to $15.1 million (25.1% gross margin).
    • Excluding the effects of fluctuating foreign currency exchange rates, consolidated gross profit was down 7%, year to year, with decreases in gross profit in North America, EMEA and APAC of 8%, 2% and 2%, respectively, year to year.
    • Consolidated earnings from operations decreased 40% compared to the first quarter of 2024 to $60.1 million, or 2.9% of net sales. By segment, earnings from operations:
      • decreased 40% in North America, year to year, to $50.8 million, or 3.0% of net sales;
      • decreased 55% in EMEA, year to year, to $5.0 million, or 1.5% of net sales; and
      • decreased 10% in APAC, year to year, to $4.3 million, or 7.2% of net sales.
    • Excluding the effects of fluctuating foreign currency exchange rates, consolidated earnings from operations was down 39%, year to year, with decreases in earnings from operations in North America, EMEA and APAC of 39%, 54% and 7%, respectively, year to year.
    • Adjusted earnings from operations decreased 16% compared to the first quarter of 2024 to $102.4 million, or 4.9% of net sales. By segment, Adjusted earnings from operations:
      • decreased 15% in North America, year to year, to $87.0 million, or 5.1% of net sales;
      • decreased 21% in EMEA, year to year, to $11.0 million, or 3.2% of net sales; and
      • decreased 12% in APAC, year to year, to $4.4 million, or 7.3% of net sales.
    • Excluding the effects of fluctuating foreign currency exchange rates, Adjusted consolidated earnings from operations decreased 15%, with decreases in Adjusted earnings from operations in North America, EMEA and APAC of 15%, 20% and 9%, respectively, year to year.
    • Consolidated net earnings and diluted earnings per share for the first quarter of 2025 were $7.5 million and $0.22, respectively, at an effective tax rate of 60.5%.
    • Adjusted consolidated net earnings and Adjusted diluted earnings per share for the first quarter of 2025 were $67.8 million and $2.06, respectively. Excluding the effects of fluctuating foreign currency exchange rates, Adjusted diluted earnings per share decreased 12%, year to year.

    In discussing financial results for the three months ended March 31, 2025 and 2024 in this press release, the Company refers to certain financial measures that are adjusted from the financial results prepared in accordance with United States generally accepted accounting principles ("GAAP"). When referring to non-GAAP measures, the Company refers to them as "Adjusted." See "Use of Non-GAAP Financial Measures" for additional information. A tabular reconciliation of financial measures prepared in accordance with GAAP to the non-GAAP financial measures is included at the end of this press release.

    In some instances, the Company refers to changes in net sales, gross profit, earnings from operations and Adjusted earnings from operations on a consolidated basis and in North America, EMEA and APAC excluding the effects of fluctuating foreign currency exchange rates. In addition, the Company refers to changes in Adjusted diluted earnings per share on a consolidated basis excluding the effects of fluctuating foreign currency exchange rates. These are also considered to be non-GAAP measures. The Company believes providing this information excluding the effects of fluctuating foreign currency exchange rates provides valuable supplemental information to investors regarding its underlying business and results of operations, consistent with how the Company and its management evaluate the Company's performance. In computing these changes and percentages, the Company compares the current year amount as translated into U.S. dollars under the applicable accounting standards to the prior year amount in local currency translated into U.S. dollars utilizing the weighted average translation rate for the current period. The performance measures excluding the effects of fluctuating foreign currency exchange rates should not be considered a substitute for, or superior to, the measures of financial performance prepared in accordance with GAAP.

    The tax effect of Adjusted amounts referenced herein were computed using the statutory tax rate for the taxing jurisdictions in the operating segment in which the related expenses were recorded, adjusted for the effects of valuation allowances on net operating losses in certain jurisdictions.

    GUIDANCE

    For the full year 2025, we expect Adjusted diluted earnings per share to be between $9.70 and $10.10. We expect to deliver gross profit growth in the low single-digits and expect that our gross margin will continue to be approximately 20%.

    This outlook assumes:

    • interest expense of $70 to $75 million;
    • an effective tax rate of approximately 25% to 26% for the full year;
    • capital expenditures of $35 to $40 million; and
    • an average share count for the full year of 32.9 million shares, reflecting the settlement of the remaining warrants associated with our convertible senior notes (the "Convertible Notes") in 2025.

    This outlook excludes acquisition-related intangibles amortization expense of approximately $74.3 million, and assumes no acquisition or integration related expenses, transformation or severance and restructuring expenses, net, no significant change in our debt instruments, and no significant change in the macroeconomic environment, whether due to tariffs or otherwise. Due to the inherent difficulty of forecasting some of these types of expenses, which impact net earnings, diluted earnings per share and selling and administrative expenses, the Company is unable to reasonably estimate the impact of such expenses, if any, to net earnings, diluted earnings per share and selling and administrative expenses. Accordingly, the Company is unable to provide a reconciliation of GAAP to non-GAAP diluted earnings per share for the full year 2025 forecast.

    CONFERENCE CALL AND WEBCAST

    The Company will host a conference call and live webcast today at 9:00 a.m. ET to discuss first quarter 2025 results of operations. A live webcast of the conference call (in listen-only mode) will be available on the Company's web site at http://investor.insight.com/, and a replay of the webcast will be available on the Company's web site for a limited time following the call. To access the live conference call, please register in advance using the event link on the Company's web site. Upon registering, participants will receive dial-in information via email, as well as a unique registrant ID, event passcode, and detailed instructions regarding how to join the call.

    USE OF NON-GAAP FINANCIAL MEASURES

    The non-GAAP financial measures are referred to as "Adjusted". Adjusted earnings from operations, Adjusted net earnings and Adjusted diluted earnings per share exclude (i) severance and restructuring expenses, net, (ii) certain executive recruitment and hiring related expenses, (iii) amortization of intangible assets, (iv) transformation costs, (v) certain acquisition and integration related expenses, (vi) gains and losses from revaluation of acquisition related earnout liabilities, and (vii) the tax effects of each of these items, as applicable. Transformation costs represent costs we are incurring to transform our business to help us achieve our strategic objectives including becoming a leading solutions integrator. The Company excludes these items when internally evaluating earnings from operations, tax expense, net earnings and diluted earnings per share for the Company and earnings from operations for each of the Company's operating segments. Adjusted net earnings and Adjusted diluted earnings per share also exclude a net loss on revaluation of warrant settlement liabilities. Adjusted diluted earnings per share also includes the impact of the benefit from the note hedge where the Company's average stock price for the first quarter of 2025 was in excess of $68.32, which was the initial conversion price of the Convertible Notes, which matured in February 2025. Adjusted EBITDA excludes (i) interest expense, (ii) income tax expense, (iii) depreciation and amortization of property and equipment, (iv) amortization of intangible assets, (v) severance and restructuring expenses, net, (vi) certain executive recruitment and hiring related expenses, (vii) transformation costs, (viii) certain acquisition and integration related expenses, (ix) gains and losses from revaluation of acquisition related earnout liabilities, and (x) gains and losses from the revaluation of warrant settlement liabilities. Adjusted return on invested capital ("ROIC") excludes (i) severance and restructuring expenses, net, (ii) certain executive recruitment and hiring related expenses, (iii) amortization of intangible assets, (iv) transformation costs, (v) certain acquisition and integration related expenses, (vi) certain third-party data center service outage related expenses and recoveries, (vii) gains and losses from revaluation of acquisition related earnout liabilities, and (viii) the tax effects of each of these items, as applicable.

    These non-GAAP measures are used by the Company and its management to evaluate financial performance against budgeted amounts, to calculate incentive compensation, to assist in forecasting future performance and to compare the Company's results to those of the Company's competitors. The Company believes that these non-GAAP financial measures are useful to investors because they allow for greater transparency, facilitate comparisons to prior periods and the Company's competitors' results and assist in forecasting performance for future periods. These non-GAAP financial measures are not prepared in accordance with GAAP and may be different from non-GAAP financial measures presented by other companies. Non-GAAP financial measures should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

    FINANCIAL SUMMARY TABLE

    (DOLLARS IN THOUSANDS, EXCEPT PER SHARE DATA)

    (UNAUDITED)

     

     

     

     

     

    Three Months Ended

    March 31,

     

     

    2025

     

    2024

     

    change

    Insight Enterprises, Inc.

     

     

     

     

     

     

    Net sales:

     

     

     

     

     

     

    Products

     

    $

    1,707,800

     

     

    $

    1,963,955

     

     

    (13%)

    Services

     

    $

    395,756

     

     

    $

    415,530

     

     

    (5%)

    Total net sales

     

    $

    2,103,556

     

     

    $

    2,379,485

     

     

    (12%)

    Gross profit

     

    $

    406,477

     

     

    $

    440,928

     

     

    (8%)

    Gross margin

     

     

    19.3

    %

     

     

    18.5

    %

     

    80 bps

    Selling and administrative expenses

     

    $

    339,173

     

     

    $

    337,434

     

     

    1%

    Severance and restructuring expenses, net

     

    $

    7,026

     

     

    $

    2,227

     

     

    > 100%

    Acquisition and integration related expenses

     

    $

    175

     

     

    $

    1,281

     

     

    (86%)

    Earnings from operations

     

    $

    60,103

     

     

    $

    99,986

     

     

    (40%)

    Net earnings

     

    $

    7,514

     

     

    $

    67,027

     

     

    (89%)

    Diluted earnings per share

     

    $

    0.22

     

     

    $

    1.74

     

     

    (87%)

     

     

     

     

     

     

     

    Sales Mix

     

     

     

     

     

    **

    Hardware

     

     

    54

    %

     

     

    48

    %

     

    1%

    Software

     

     

    27

    %

     

     

    35

    %

     

    (32%)

    Services

     

     

    19

    %

     

     

    17

    %

     

    (5%)

     

     

     

    100

    %

     

     

    100

    %

     

    (12%)

     

     

     

     

     

     

     

    North America

     

     

     

     

     

     

    Net sales:

     

     

     

     

     

     

    Products

     

    $

    1,403,027

     

     

    $

    1,586,306

     

     

    (12%)

    Services

     

    $

    297,616

     

     

    $

    318,516

     

     

    (7%)

    Total net sales

     

    $

    1,700,643

     

     

    $

    1,904,822

     

     

    (11%)

    Gross profit

     

    $

    319,452

     

     

    $

    349,843

     

     

    (9%)

    Gross margin

     

     

    18.8

    %

     

     

    18.4

    %

     

    40 bps

    Selling and administrative expenses

     

    $

    265,381

     

     

    $

    262,920

     

     

    1%

    Severance and restructuring expenses, net

     

    $

    3,111

     

     

    $

    1,619

     

     

    92%

    Acquisition and integration related expenses

     

    $

    170

     

     

    $

    1,281

     

     

    (87%)

    Earnings from operations

     

    $

    50,790

     

     

    $

    84,023

     

     

    (40%)

     

     

     

     

     

     

     

    Sales Mix

     

     

     

     

     

    **

    Hardware

     

     

    59

    %

     

     

    52

    %

     

    2%

    Software

     

     

    23

    %

     

     

    31

    %

     

    (33%)

    Services

     

     

    18

    %

     

     

    17

    %

     

    (7%)

     

     

     

    100

    %

     

     

    100

    %

     

    (11%)

     

     

     

     

     

     

     

    EMEA

     

     

     

     

     

     

    Net sales:

     

     

     

     

     

     

    Products

     

    $

    267,160

     

     

    $

    339,566

     

     

    (21%)

    Services

     

    $

    75,668

     

     

    $

    73,275

     

     

    3%

    Total net sales

     

    $

    342,828

     

     

    $

    412,841

     

     

    (17%)

    Gross profit

     

    $

    71,927

     

     

    $

    75,033

     

     

    (4%)

    Gross margin

     

     

    21.0

    %

     

     

    18.2

    %

     

    280 bps

    Selling and administrative expenses

     

    $

    63,063

     

     

    $

    63,305

     

     

    *

    Severance and restructuring expenses, net

     

    $

    3,853

     

     

    $

    538

     

     

    > 100%

    Earnings from operations

     

    $

    5,011

     

     

    $

    11,190

     

     

    (55%)

     

     

     

     

     

     

     

    Sales Mix

     

     

     

     

     

    **

    Hardware

     

     

    38

    %

     

     

    33

    %

     

    (5%)

    Software

     

     

    40

    %

     

     

    49

    %

     

    (32%)

    Services

     

     

    22

    %

     

     

    18

    %

     

    3%

     

     

     

    100

    %

     

     

    100

    %

     

    (17%)

     

     

     

     

     

     

     

    APAC

     

     

     

     

     

     

    Net sales:

     

     

     

     

     

     

    Products

     

    $

    37,613

     

     

    $

    38,083

     

     

    (1%)

    Services

     

    $

    22,472

     

     

    $

    23,739

     

     

    (5)%

    Total net sales

     

    $

    60,085

     

     

    $

    61,822

     

     

    (3%)

    Gross profit

     

    $

    15,098

     

     

    $

    16,052

     

     

    (6)%

    Gross margin

     

     

    25.1

    %

     

     

    26.0

    %

     

    (90) bps

    Selling and administrative expenses

     

    $

    10,729

     

     

    $

    11,209

     

     

    (4)%

    Severance and restructuring expenses, net

     

    $

    62

     

     

    $

    70

     

     

    (11%)

    Acquisition and integration related expenses

     

    $

    5

     

     

    $

    —

     

     

    *

    Earnings from operations

     

    $

    4,302

     

     

    $

    4,773

     

     

    (10%)

     

     

     

     

     

     

     

    Sales Mix

     

     

     

     

     

    **

    Hardware

     

     

    11

    %

     

     

    12

    %

     

    (13%)

    Software

     

     

    52

    %

     

     

    50

    %

     

    2%

    Services

     

     

    37

    %

     

     

    38

    %

     

    (5)%

     

     

     

    100

    %

     

     

    100

    %

     

    (3%)

    *

    Percentage change not considered meaningful

    **

    Change in sales mix represents growth/decline in category net sales on a U.S. dollar basis and does not exclude the effects of fluctuating foreign currency exchange rates

     

    FORWARD-LOOKING INFORMATION

    Certain statements in this release and the related conference call, webcast and presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including those related to the impact of inflation and higher interest rates, the Company's future financial performance and results of operations, including gross profit growth, Adjusted diluted earnings per share, gross margin, and Adjusted selling and administrative expenses, as well as the Company's other key performance indicators, the Company's anticipated effective tax rate, capital expenditures, and expected average share count, the Company's expectations regarding cash flow, the Company's intentions regarding the settlement of the remaining warrants related to the Convertible Notes, the Company's expectations regarding supply constraints, future trends in the IT market, the effects of tariffs and trade policies, and the Company's business strategy and strategic initiatives, all of which are inherently subject to risks and uncertainties, and some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurances that the results discussed by the forward-looking statements will be achieved, and actual results may differ materially from those set forth in the forward-looking statements. Some of the important factors that could cause the Company's actual results to differ materially from those projected in any forward-looking statements include, but are not limited to, the following, which are discussed in the Company's filings with the Securities and Exchange Commission (the "SEC"), including in the "Risk Factors" sections of the Company's most recently filed periodic report on Form 10-K and subsequent filings with the SEC:

    • actions of our competitors, including manufacturers and publishers of products we sell;
    • our reliance on our partners for product availability, competitive products to sell and marketing funds and purchasing incentives, which can and do change significantly in the amounts made available and in the requirements year over year;
    • our ability to keep pace with rapidly evolving technological advances and the evolving competitive marketplace;
    • general economic conditions, economic uncertainties and changes in geopolitical conditions, including the possibility of a recession or a decline in market activity;
    • changes in the IT industry and/or rapid changes in technology;
    • our ability to provide high quality services to our clients;
    • our reliance on independent shipping companies;
    • the risks associated with our international operations;
    • supply constraints for products;
    • natural disasters or other adverse occurrences, including public health issues such as pandemics or epidemics;
    • disruptions in our IT systems and voice and data networks;
    • cyberattacks, outages, or third-party breaches of data privacy as well as related breaches of government regulations;
    • intellectual property infringement claims and challenges to our copyrights, patents, trademarks and trade names;
    • potential liability and competitive risk based on the development, adoption, and use of Generative Artificial Intelligence;
    • legal proceedings, client audits and failure to comply with laws and regulations;
    • risks of termination, delays in payment, audits and investigations related to our public sector contracts;
    • exposure to changes in, interpretations of, or enforcement trends related to tax rules and regulations;
    • our potential to draw down a substantial amount of indebtedness;
    • increased debt and interest expense and the possibility of decreased availability of funds under our financing facilities;
    • possible significant fluctuations in our future operating results as well as seasonality and variability in client demands;
    • potential contractual disputes with our clients and third-party suppliers;
    • our dependence on certain key personnel and our ability to attract, train and retain skilled teammates;
    • risks associated with the integration and operation of acquired businesses, including achievement of expected synergies and benefits; and
    • future sales of the Company's common stock or equity-linked securities in the public market could lower the market price for our common stock.

    Additionally, there may be other risks that are otherwise described from time to time in the reports that the Company files with the SEC. Any forward-looking statements in this release, the related conference call, webcast and presentation speak only as of the date on which they are made and should be considered in light of various important factors, including the risks and uncertainties listed above, as well as others. The Company assumes no obligation to update, and, except as may be required by law, does not intend to update, any forward-looking statements. The Company does not endorse any projections regarding future performance that may be made by third parties.

    INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF OPERATIONS

    (IN THOUSANDS, EXCEPT PER SHARE DATA)

    (UNAUDITED)

     

     

     

     

     

    Three Months Ended

    March 31,

     

     

    2025

     

    2024

    Net sales:

     

     

     

    Products

    $

    1,707,800

     

     

    $

    1,963,955

     

    Services

     

    395,756

     

     

     

    415,530

     

    Total net sales

     

    2,103,556

     

     

     

    2,379,485

     

    Costs of goods sold:

     

     

     

    Products

     

    1,531,826

     

     

     

    1,771,584

     

    Services

     

    165,253

     

     

     

    166,973

     

    Total costs of goods sold

     

    1,697,079

     

     

     

    1,938,557

     

    Gross profit

     

    406,477

     

     

     

    440,928

     

    Operating expenses:

     

     

     

    Selling and administrative expenses

     

    339,173

     

     

     

    337,434

     

    Severance and restructuring expenses, net

     

    7,026

     

     

     

    2,227

     

    Acquisition and integration related expenses

     

    175

     

     

     

    1,281

     

    Earnings from operations

     

    60,103

     

     

     

    99,986

     

    Non-operating expense (income):

     

     

     

    Interest expense, net

     

    15,625

     

     

     

    12,557

     

    Other expense (income), net

     

    25,469

     

     

     

    (763

    )

    Earnings before income taxes

     

    19,009

     

     

     

    88,192

     

    Income tax expense

     

    11,495

     

     

     

    21,165

     

    Net earnings

    $

    7,514

     

     

    $

    67,027

     

     

     

     

     

    Net earnings per share:

     

     

     

    Basic

    $

    0.24

     

     

    $

    2.06

     

    Diluted

    $

    0.22

     

     

    $

    1.74

     

     

     

     

     

    Shares used in per share calculations:

     

     

     

    Basic

     

    31,839

     

     

     

    32,596

     

    Diluted

     

    34,683

     

     

     

    38,435

     

     

    INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

    CONSOLIDATED BALANCE SHEETS

    (In THOUSANDS)

    (UNAUDITED)

     

     

     

     

     

     

     

    March 31,

    2025

     

    December 31,

    2024

    ASSETS

     

     

     

    Current assets:

     

     

     

    Cash and cash equivalents

    $

    321,850

     

     

    $

    259,234

     

    Accounts receivable, net

     

    4,608,997

     

     

     

    4,172,104

     

    Inventories

     

    149,194

     

     

     

    122,581

     

    Contract assets, net

     

    64,488

     

     

     

    81,980

     

    Other current assets

     

    245,607

     

     

     

    208,723

     

    Total current assets

     

    5,390,136

     

     

     

    4,844,622

     

     

     

     

     

    Long-term contract assets, net

     

    69,055

     

     

     

    86,953

     

    Property and equipment, net

     

    215,151

     

     

     

    215,678

     

    Goodwill

     

    896,644

     

     

     

    893,516

     

    Intangible assets, net

     

    409,345

     

     

     

    426,493

     

    Long-term accounts receivable

     

    816,939

     

     

     

    845,943

     

    Other assets

     

    125,303

     

     

     

    135,373

     

     

    $

    7,922,573

     

     

    $

    7,448,578

     

     

     

     

     

    LIABILITIES AND STOCKHOLDERS' EQUITY

     

     

     

    Current liabilities:

     

     

     

    Accounts payable – trade

    $

    3,518,856

     

     

    $

    3,059,667

     

    Accounts payable – inventory financing facilities

     

    260,719

     

     

     

    217,604

     

    Accrued expenses and other current liabilities

     

    606,210

     

     

     

    512,052

     

    Current portion of long-term debt

     

    15

     

     

     

    332,879

     

    Total current liabilities

     

    4,385,800

     

     

     

    4,122,202

     

     

     

     

     

    Long-term debt

     

    961,172

     

     

     

    531,233

     

    Deferred income taxes

     

    56,900

     

     

     

    64,459

     

    Long-term accounts payable

     

    769,987

     

     

     

    799,546

     

    Other liabilities

     

    157,770

     

     

     

    160,527

     

     

     

    6,331,629

     

     

     

    5,677,967

     

    Stockholders' equity:

     

     

     

    Preferred stock

     

    —

     

     

     

    —

     

    Common stock

     

    319

     

     

     

    318

     

    Additional paid-in capital

     

    144,941

     

     

     

    342,893

     

    Retained earnings

     

    1,516,072

     

     

     

    1,508,558

     

    Accumulated other comprehensive loss – foreign currency translation adjustments

     

    (70,388

    )

     

     

    (81,158

    )

    Total stockholders' equity

     

    1,590,944

     

     

     

    1,770,611

     

     

    $

    7,922,573

     

     

    $

    7,448,578

     

     

    INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

    CONSOLIDATED STATEMENTS OF CASH FLOWS

    (IN THOUSANDS)

    (UNAUDITED)

     

     

     

     

     

    Three Months Ended

    March 31,

     

     

    2025

     

    2024

    Cash flows from operating activities:

     

     

     

    Net earnings

    $

    7,514

     

     

    $

    67,027

     

    Adjustments to reconcile net earnings to net cash provided by operating activities:

     

     

     

    Depreciation and amortization

     

    25,779

     

     

     

    21,886

     

    Provision for losses on accounts receivable

     

    3,666

     

     

     

    1,608

     

    Non-cash stock-based compensation

     

    8,847

     

     

     

    8,043

     

    Net change on revaluation of earnout liabilities

     

    15,200

     

     

     

    941

     

    Deferred income taxes

     

    (7,772

    )

     

     

    (4,423

    )

    Net loss on revaluation of warrant settlement liabilities

     

    25,069

     

     

     

    —

     

    Amortization of debt issuance costs

     

    1,281

     

     

     

    1,224

     

    Other adjustments

     

    (22

    )

     

     

    3,168

     

    Changes in assets and liabilities:

     

     

     

    Increase in accounts receivable

     

    (391,354

    )

     

     

    (25,294

    )

    (Increase) decrease in inventories

     

    (26,033

    )

     

     

    12,115

     

    Decrease in contract assets

     

    35,526

     

     

     

    32,142

     

    Decrease (increase) in long-term accounts receivable

     

    30,816

     

     

     

    (206,154

    )

    Increase in other assets

     

    (21,961

    )

     

     

    (26,821

    )

    Increase in accounts payable

     

    416,952

     

     

     

    184,511

     

    (Decrease) increase in long-term accounts payable

     

    (31,160

    )

     

     

    212,577

     

    Decrease in accrued expenses and other liabilities

     

    (14,298

    )

     

     

    (35,371

    )

    Net cash provided by operating activities:

     

    78,050

     

     

     

    247,179

     

    Cash flows from investing activities:

     

     

     

    Purchases of property and equipment

     

    (7,130

    )

     

     

    (6,482

    )

    Net cash used in investing activities:

     

    (7,130

    )

     

     

    (6,482

    )

    Cash flows from financing activities:

     

     

     

    Borrowings on ABL revolving credit facility

     

    1,389,224

     

     

     

    1,144,826

     

    Repayments on ABL revolving credit facility

     

    (965,452

    )

     

     

    (1,186,997

    )

    Warrants settlement

     

    (138,892

    )

     

     

    —

     

    Repayment of principal on the Convertible Notes

     

    (333,091

    )

     

     

    (16,895

    )

    Net borrowings (repayments) under inventory financing facilities

     

    42,701

     

     

     

    (4,545

    )

    Repurchases of common stock

     

    —

     

     

     

    (35,000

    )

    Earnout and acquisition related payments

     

    —

     

     

     

    (18,296

    )

    Other payments

     

    (9,963

    )

     

     

    (8,360

    )

    Net cash used in financing activities:

     

    (15,473

    )

     

     

    (125,267

    )

    Foreign currency exchange effect on cash, cash equivalents and restricted cash balances

     

    7,177

     

     

     

    (5,074

    )

    Increase in cash, cash equivalents and restricted cash

     

    62,624

     

     

     

    110,356

     

    Cash, cash equivalents and restricted cash at beginning of period

     

    261,467

     

     

     

    270,785

     

    Cash, cash equivalents and restricted cash at end of period

    $

    324,091

     

     

    $

    381,141

     

     

    INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

    RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES

    (IN THOUSANDS, EXCEPT PER SHARE DATA)

    (UNAUDITED)

     

     

     

     

     

    Three Months Ended

    March 31,

     

     

    2025

     

    2024

    Adjusted Consolidated Earnings from Operations:

     

     

     

     

    GAAP consolidated EFO

     

    $

    60,103

     

     

    $

    99,986

     

    Amortization of intangible assets

     

     

    18,548

     

     

     

    14,925

     

    Change in fair value of earnout liabilities

     

     

    15,200

     

     

     

    941

     

    Other*

     

     

    8,501

     

     

     

    5,898

     

    Adjusted non-GAAP consolidated EFO

     

    $

    102,352

     

     

    $

    121,750

     

     

     

     

     

     

    GAAP EFO as a percentage of net sales

     

     

    2.9

    %

     

     

    4.2

    %

    Adjusted non-GAAP EFO as a percentage of net sales

     

     

    4.9

    %

     

     

    5.1

    %

     

     

     

     

     

    Adjusted Consolidated Net Earnings:

     

     

     

     

    GAAP consolidated net earnings

     

    $

    7,514

     

     

    $

    67,027

     

    Amortization of intangible assets

     

     

    18,548

     

     

     

    14,925

     

    Change in fair value of earnout liabilities

     

     

    15,200

     

     

     

    941

     

    Net loss on revaluation of warrant settlement liabilities

     

     

    25,069

     

     

     

    —

     

    Other*

     

     

    8,501

     

     

     

    5,898

     

    Income taxes on non-GAAP adjustments

     

     

    (7,007

    )

     

     

    (5,439

    )

    Adjusted non-GAAP consolidated net earnings

     

    $

    67,825

     

     

    $

    83,352

     

     

     

     

     

     

    GAAP net earnings as a percentage of net sales

     

     

    0.4

    %

     

     

    2.8

    %

    Adjusted non-GAAP net earnings as a percentage of net sales

     

     

    3.2

    %

     

     

    3.5

    %

     

     

     

     

     

    Adjusted Diluted Earnings Per Share:

     

     

     

     

    GAAP diluted EPS

     

    $

    0.22

     

     

    $

    1.74

     

    Amortization of intangible assets

     

     

    0.53

     

     

     

    0.39

     

    Change in fair value of earnout liabilities

     

     

    0.44

     

     

     

    0.02

     

    Net loss on revaluation of warrant settlement liabilities

     

     

    0.72

     

     

     

    —

     

    Other

     

     

    0.25

     

     

     

    0.16

     

    Income taxes on non-GAAP adjustments

     

     

    (0.20

    )

     

     

    (0.14

    )

    Impact of benefit from note hedge

     

     

    0.10

     

     

     

    0.20

     

    Adjusted non-GAAP diluted EPS

     

    $

    2.06

     

     

    $

    2.37

     

     

     

     

     

     

    Shares used in diluted EPS calculation

     

     

    34,683

     

     

     

    38,435

     

    Impact of benefit from note hedge

     

     

    (1,731

    )

     

     

    (3,228

    )

    Shares used in Adjusted non-GAAP diluted EPS calculation

     

     

    32,952

     

     

     

    35,207

     

     

     

     

     

     

    Adjusted North America Earnings from Operations:

     

     

     

     

    GAAP EFO from North America segment

     

    $

    50,790

     

     

    $

    84,023

     

    Amortization of intangible assets

     

     

    16,804

     

     

     

    13,146

     

    Change in fair value of earnout liabilities

     

     

    15,200

     

     

     

    465

     

    Other**

     

     

    4,171

     

     

     

    5,150

     

    Adjusted non-GAAP EFO from North America segment

     

    $

    86,965

     

     

    $

    102,784

     

     

     

     

     

     

    GAAP EFO as a percentage of net sales

     

     

    3.0

    %

     

     

    4.4

    %

    Adjusted non-GAAP EFO as a percentage of net sales

     

     

    5.1

    %

     

     

    5.4

    %

     

     

     

     

     

    Adjusted EMEA Earnings from Operations:

     

     

     

     

    GAAP EFO from EMEA segment

     

    $

    5,011

     

     

    $

    11,190

     

    Amortization of intangible assets

     

     

    1,744

     

     

     

    1,670

     

    Change in fair value of earnout liabilities

     

     

    —

     

     

     

    476

     

    Other

     

     

    4,263

     

     

     

    678

     

    Adjusted non-GAAP EFO from EMEA segment

     

    $

    11,018

     

     

    $

    14,014

     

     

     

     

     

     

    GAAP EFO as a percentage of net sales

     

     

    1.5

    %

     

     

    2.7

    %

    Adjusted non-GAAP EFO as a percentage of net sales

     

     

    3.2

    %

     

     

    3.4

    %

     

     

     

     

     

    Adjusted APAC Earnings from Operations:

     

     

     

     

    GAAP EFO from APAC segment

     

    $

    4,302

     

     

    $

    4,773

     

    Amortization of intangible assets

     

     

    —

     

     

     

    109

     

    Other

     

     

    67

     

     

     

    70

     

    Adjusted non-GAAP EFO from APAC segment

     

    $

    4,369

     

     

    $

    4,952

     

     

     

     

     

     

    GAAP EFO as a percentage of net sales

     

     

    7.2

    %

     

     

    7.7

    %

    Adjusted non-GAAP EFO as a percentage of net sales

     

     

    7.3

    %

     

     

    8.0

    %

     

     

     

     

     

    Adjusted EBITDA:

     

     

     

     

    GAAP consolidated net earnings

     

    $

    7,514

     

     

    $

    67,027

     

    Interest expense

     

     

    17,739

     

     

     

    15,269

     

    Income tax expense

     

     

    11,495

     

     

     

    21,165

     

    Depreciation and amortization of property and equipment

     

     

    7,231

     

     

     

    6,961

     

    Amortization of intangible assets

     

     

    18,548

     

     

     

    14,925

     

    Change in fair value of earnout liabilities

     

     

    15,200

     

     

     

    941

     

    Net loss on revaluation of warrant settlement liabilities

     

     

    25,069

     

     

     

    —

     

    Other*

     

     

    8,501

     

     

     

    5,898

     

    Adjusted non-GAAP EBITDA

     

    $

    111,297

     

     

    $

    132,186

     

     

     

     

     

     

    GAAP consolidated net earnings as a percentage of net sales

     

     

    0.4

    %

     

     

    2.8

    %

    Adjusted non-GAAP EBITDA as a percentage of net sales

     

     

    5.3

    %

     

     

    5.6

    %

    *

    Includes transformation costs of $1.3 million and $2.3 million for the three months ended March 31, 2025 and 2024, respectively. Includes severance and restructuring expenses, net of $7.0 million and $2.2 million for the three months ended March 31, 2025 and 2024, respectively.

     

    **

    Includes transformation costs of $0.9 million and $2.3 million for the three months ended March 31, 2025 and 2024, respectively. Includes severance and restructuring expenses, net of $3.1 million and $1.6 million for the three months ended March 31, 2025 and 2024, respectively.

     

    INSIGHT ENTERPRISES, INC. AND SUBSIDIARIES

    RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES (CONTINUED)

    (IN THOUSANDS, EXCEPT PER SHARE DATA)

    (UNAUDITED)

     

     

     

     

     

    Twelve Months Ended

    March 31,

     

     

    2025

     

    2024

    Adjusted return on invested capital:

     

     

     

     

    GAAP consolidated EFO

     

    $

    348,701

     

     

    $

    442,320

     

    Amortization of intangible assets

     

     

    73,204

     

     

     

    42,846

     

    Change in fair value of earnout liabilities

     

     

    6,410

     

     

     

    941

     

    Other5

     

     

    54,659

     

     

     

    33,813

     

    Adjusted non-GAAP consolidated EFO

     

     

    482,974

     

     

     

    519,920

     

    Income tax expense1

     

     

    125,573

     

     

     

    135,179

     

    Adjusted non-GAAP consolidated EFO, net of tax

     

    $

    357,401

     

     

    $

    384,741

     

    Average stockholders' equity2

     

    $

    1,746,178

     

     

    $

    1,651,965

     

    Average debt2

     

     

    957,752

     

     

     

    739,136

     

    Average cash2

     

     

    (306,790

    )

     

     

    (252,769

    )

    Invested Capital

     

    $

    2,397,140

     

     

    $

    2,138,332

     

     

     

     

     

     

    Adjusted non-GAAP ROIC (from GAAP consolidated EFO)3

     

     

    10.76

    %

     

     

    15.31

    %

    Adjusted non-GAAP ROIC (from non-GAAP consolidated EFO)4

     

     

    14.91

    %

     

     

    17.99

    %

    1

    Assumed tax rate of 26.0%.

    2

    Average of previous five quarters.

    3

    Computed as GAAP consolidated EFO, net of tax of $90,662 and $115,003 for the twelve months ended March 31, 2025 and 2024, respectively, divided by invested capital.

    4

    Computed as Adjusted non-GAAP consolidated EFO, net of tax, divided by invested capital.

    5

    Includes transformation costs of $17.4 million and $14.8 million for the twelve months ended March 31, 2025 and 2024, respectively. Includes certain third-party data center service outage related recoveries in excess of expenses of $2.1 million for the twelve months ended March 31, 2025. Includes certain third-party data center service outage related expenses, net of recoveries of $5.0 million for the twelve months ended March 31, 2024. Includes severance and restructuring expenses, net of $36.4 million and $4.5 million for the twelve months ended March 31, 2025 and 2024, respectively.

     

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250501015554/en/

    JAMES MORGADO

    CHIEF FINANCIAL OFFICER

    TEL. 480.333.3251

    EMAIL [email protected]

    Get the next $NSIT alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $NSIT

    DatePrice TargetRatingAnalyst
    11/15/2024$220.00Buy
    Redburn Atlantic
    4/12/2023$150.00Buy → Hold
    Stifel
    2/6/2023$127.00Buy → Neutral
    Sidoti
    7/14/2022$98.00Neutral
    JP Morgan
    More analyst ratings

    $NSIT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Insight to Present at Sidoti Virtual Investor Conference

      Insight Enterprises, Inc. (NASDAQ:NSIT) today announced that it is scheduled to participate in the following upcoming investor conference: Sidoti Virtual Investor Conference June 11, 2025, 11:30 AM ET Participants: James Morgado, CFO The Insight presentation will be broadcast live over the Internet at http://investor.insight.com/ where you can also view other recent webcasts, downloadable slide presentations and other investor information. About Insight Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortune 500 technology company with a network of over 6,000

      6/4/25 4:04:00 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises Purchases Approximately $80 Million Of Its Common Stock From ValueAct Capital

      Insight Enterprises, Inc. (NASDAQ:NSIT) (Insight) today announced that it has entered into a stock repurchase agreement with ValueAct Capital Master Fund, L.P. (ValueAct Capital) to buy 600,000 shares of its common stock at a price of approximately $126.86 per share, with a value totaling approximately $76 million. Insight's purchase of the shares was made as part of its existing $300 million stock repurchase program. "Today's announcement reinforces our goal to optimize our capital structure and our business, while also creating substantial value for our shareholders." stated Joyce Mullen, the Company's President and Chief Executive Officer. "This also represents another step in our co

      5/27/25 9:15:00 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight to Present at J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference

      Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company") today announced that it is scheduled to participate in the following upcoming investor conference: J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference May 14, 2025, 8:00 AM ET Participants: James Morgado, CFO The Insight presentation will be broadcast live over the Internet at http://investor.insight.com/ where you can also view other recent webcasts, downloadable slide presentations and other investor information. About Insight Insight Enterprises is a leading Solutions Integrator that helps clients solve technology challenges by combining the right hardware, software, and services. We're a global Fortun

      5/7/25 4:06:00 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    SEC Filings

    See more
    • Amendment: SEC Form SCHEDULE 13D/A filed by Insight Enterprises Inc.

      SCHEDULE 13D/A - INSIGHT ENTERPRISES INC (0000932696) (Subject)

      5/27/25 7:41:49 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

      8-K - INSIGHT ENTERPRISES INC (0000932696) (Filer)

      5/27/25 9:22:36 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - INSIGHT ENTERPRISES INC (0000932696) (Filer)

      5/15/25 4:55:33 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Redburn Atlantic initiated coverage on Insight Enterprises with a new price target

      Redburn Atlantic initiated coverage of Insight Enterprises with a rating of Buy and set a new price target of $220.00

      11/15/24 8:16:17 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises downgraded by Stifel with a new price target

      Stifel downgraded Insight Enterprises from Buy to Hold and set a new price target of $150.00

      4/12/23 7:21:13 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises downgraded by Sidoti with a new price target

      Sidoti downgraded Insight Enterprises from Buy to Neutral and set a new price target of $127.00

      2/6/23 9:00:31 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President INA Burger Daniel covered exercise/tax liability with 1,193 shares and converted options into 2,621 shares, increasing direct ownership by 7% to 21,518 units (SEC Form 4)

      4 - INSIGHT ENTERPRISES INC (0000932696) (Issuer)

      6/18/25 5:07:00 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Large owner Valueact Holdings, L.P. returned $76,116,000 worth of shares to the company (600,000 units at $126.86) (SEC Form 4)

      4 - INSIGHT ENTERPRISES INC (0000932696) (Issuer)

      5/27/25 8:00:46 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Director Crown Timothy A converted options into 320 shares, increasing direct ownership by 0.35% to 91,953 units (SEC Form 4)

      4 - INSIGHT ENTERPRISES INC (0000932696) (Issuer)

      5/23/25 4:56:08 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Insight Enterprises Inc.

      SC 13G/A - INSIGHT ENTERPRISES INC (0000932696) (Subject)

      11/13/24 12:52:42 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • SEC Form SC 13G filed by Insight Enterprises Inc.

      SC 13G - INSIGHT ENTERPRISES INC (0000932696) (Subject)

      2/9/24 6:19:03 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • SEC Form SC 13G/A filed by Insight Enterprises Inc. (Amendment)

      SC 13G/A - INSIGHT ENTERPRISES INC (0000932696) (Subject)

      2/9/24 9:59:01 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    Financials

    Live finance-specific insights

    See more
    • Insight Enterprises, Inc. Reports First Quarter Results

      Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company") today reported financial results for the quarter ended March 31, 2025. Results include: Gross profit decreased 8% year to year to $406.5 million while gross margin expanded 80 basis points to 19.3% Cloud gross profit decreased 3% year to year Insight Core services gross profit decreased 4% year to year Consolidated net earnings decreased 89% year to year to $7.5 million Adjusted earnings before interest, tax, depreciation and amortization ("EBITDA") decreased 16% to $111.3 million year to year Diluted earnings per share of $0.22 decreased 87% year to year Adjusted diluted earnings per share of $2.06 decreased 13% year t

      5/1/25 8:00:00 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises, Inc. to Report First Quarter 2025 Financial Results on May 1, 2025

      Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025, prior to market open on May 1, 2025, and will also host a conference call and live webcast at 9:00 a.m. ET to discuss the results of operations. The live webcast and replays of the conference call can be accessed at: http://investor.insight.com/ To access the live conference call, please register in advance using this event link. Upon registering, participants will receive dial-in information via email, as well as a unique registrant ID, event passcode, and detailed instructions regarding how to join the call. About Insight Insight Enterpris

      4/17/25 4:01:00 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Enterprises, Inc. Reports Fourth Quarter and Full Year Results

      Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company") today reported financial results for the quarter and full year ended December 31, 2024. Highlights include: Gross profit increased 1% year over year to $439.6 million with gross margin expanding 170 basis points to a record 21.2% for the fourth quarter and gross profit increased 6% for the full year to $1.8 billion with gross margin expanding 210 basis points to a record 20.3% Insight Core services gross profit increased 12% year over year for the fourth quarter and increased 15% for the full year Cloud gross profit grew 3% year over year for the fourth quarter and increased 21% for the full year Consolidated net earnings

      2/6/25 8:00:00 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary

    $NSIT
    Leadership Updates

    Live Leadership Updates

    See more
    • Ameriprise Financial Appoints Glynis A. Bryan to Board of Directors

      Ameriprise Financial, Inc. (NYSE:AMP) today announced that Ms. Glynis A. Bryan has been appointed to its board of directors, effective March 1, 2025. Ms. Bryan served as the chief financial officer of Insight Enterprises Inc. (NASDAQ:NSIT), a global software and technology solutions integrator, from 2007 through 2024. Prior to joining Insight, she served as the executive vice president and chief financial officer of Swift Transportation, Co. and as chief financial officer of APL Logistics. Ms. Bryan also held senior finance roles at Ryder Systems, Inc. Ms. Bryan serves as a director of Pinnacle West Capital Corporation and Wesco International, Inc., and she is a former director of Pentair

      2/20/25 4:15:00 PM ET
      $AMP
      $NSIT
      Investment Managers
      Finance
      Catalog/Specialty Distribution
      Consumer Discretionary
    • Insight Bolsters Leadership Team with New Executive Appointment and Two Board Members

      James Morgado named CFO; former Deloitte and BCG alums Janet Foutty and Tom Reichert join Board of Directors Insight Enterprises (NASDAQ:NSIT) today announced the appointment of James Morgado to the role of chief financial officer, effective Jan. 1, 2025. Morgado will report to Insight CEO Joyce Mullen and, in January, will replace CFO Glynis Bryan, who announced her intent to retire earlier this year. Insight also announced that Deloitte alum Janet Foutty and ERM CEO and Boston Consulting Group (BCG) alum Tom Reichert joined its Board of Directors, effective Aug. 30. Foutty and Reichert add considerable consulting and services expertise to the board at a time when Insight is accelerati

      9/3/24 9:00:00 PM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary
    • CFO of Insight, Glynis Bryan, Announces Retirement

      Insight Enterprises, Inc. (NASDAQ:NSIT) (the "Company"), announced today that Glynis Bryan plans to retire as Chief Financial Officer effective December 31, 2024. Ms. Bryan, 65, has been with the Company since December 17, 2007. Ms. Bryan will continue to serve as the Chief Financial Officer through the end of the year. She will then transition to an advisory role. The Company has engaged an executive search firm to identify and evaluate potential successors from internal and external candidates. Ms. Bryan will assist the Company in the search process. Ms. Bryan said, "I am thankful for the amazing opportunity I have had at Insight over the last 17 years. It has been a fun and rewarding

      5/2/24 8:01:00 AM ET
      $NSIT
      Catalog/Specialty Distribution
      Consumer Discretionary