SYNNEX Corp Q2 2020 Earnings Call Summary - Thomson StreetEvents

SYNNEX Corp Q2 2020 Earnings Call Summary

SYNNEX Corp Q2 2020 Earnings Call Summary - Thomson StreetEvents
SYNNEX Corp Q2 2020 Earnings Call Summary
Published Jun 25, 2020
16 pages (8486 words) — Published Jun 25, 2020
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of SNX.N earnings conference call or presentation 25-Jun-20 9:00pm GMT

  
Brief Excerpt:

...A. Note: Results Co. will discuss on 06/25/20 reflect agility and strength of Co.'s execution, disciplined capital management and strong balance sheet with ample liquidity. 1. 2. At beginning of 2Q20 in March, very little was known regarding human and economic impact of COVID-19 worldwide. a. Focus then was to stand by associates and conserve capital with anticipated return to pre-pandemic operating levels when circumstances allow. i. Consequently, while performance was directly impacted by COVID-19, results announced on 06/25/20 have not been adjusted for COVID-19 costs. ii. Where appropriate, will reference financial impact COVID-19 had on 2Q20 results. B. Consolidated Results: Total revenue $5.5b. 1. Down 3% vs. 2Q19's $5.7b. a. b. Constant-currency revenue down 2% YoverY. 2. Gross profit dollars totaled $618m. Down 12% or $81m YoverY. a. 3. GM 11.2% vs. 2Q19's 12.2%. 4. Total adjusted SG&A expense $457m or 8% of revenue. Up $2m YoverY. a. 5. Non-GAAP: a. Operating income $162m. Down...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
SYNNEX Corp
Ticker
SNX.N
Time
9:00pm GMT
Format:
PDF Adobe Acrobat
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SYNNEX Corp Q4 2020 Earnings Call Transcript – 2021-01-11 – US$ 54.00 – Edited Transcript of SNX.N earnings conference call or presentation 11-Jan-21 10:00pm GMT

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SYNNEX Corp Q3 2020 Earnings Call Transcript – 2020-09-29 – US$ 54.00 – Edited Transcript of SNX.N earnings conference call or presentation 29-Sep-20 9:00pm GMT

SYNNEX Corp Q2 2020 Earnings Call Transcript – 2020-06-25 – US$ 54.00 – Edited Transcript of SNX.N earnings conference call or presentation 25-Jun-20 9:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "SYNNEX Corp Q2 2020 Earnings Call Summary" Jun 25, 2020. Alacra Store. May 09, 2024. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2020-SYNNEX-Corp-Earnings-Call-B13226885>
  
APA:
Thomson StreetEvents. (2020). SYNNEX Corp Q2 2020 Earnings Call Summary Jun 25, 2020. New York, NY: Alacra Store. Retrieved May 09, 2024 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q2-2020-SYNNEX-Corp-Earnings-Call-B13226885>
  
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