TD Synnex reports Q2 EPS $2.43, consensus $2.55

Reports Q2 revenue $14.06B, consensus $14.42B. “Our unparalleled, end-to-end line card of products and services allowed us to realize growth in Advanced Solutions and high-growth technologies, as the industry continued to be impacted by post-pandemic declines in demand for PC ecosystem products,” said Rich Hume, CEO of TD SYNNEX. “The resiliency of our business model was evident, as we expanded margins, generated significant free cash flow, and returned $93 million to shareholders. As we enter the second half of our fiscal year, we are focused on pursuing an additional $50 million in cost savings and accelerating our shareholder returns via opportunistic share repurchases.”