TD Synnex Corporation
TD SYNNEX Announces Fiscal Q1 Results and $2B Share Repurchase Program
Summary
TD SYNNEX Corporation reported fiscal first-quarter results for 2024, showing revenue of $14.0 billion and non-GAAP diluted EPS of $2.99. The company also announced a new $2 billion share repurchase authorization and a quarterly cash dividend of $0.40 per common share. The board approved the stock repurchase program to supplement the existing program, of which approximately $197 million remains. The repurchases may be made at management's discretion through open market or privately negotiated transactions, including pursuant to Rule 10b5-1 trading plans.
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About TD Synnex Corporation
TD Synnex Corporation is a global leader in business process services, specializing in the distribution of technology products and services. The company's primary function is to provide comprehensive supply chain solutions, acting as a vital conduit between technology manufacturers and end-users across various sectors, including IT, education, healthcare, and government. TD Synnex plays a critical role in ensuring the efficient movement of technology products from production to market, thereby enhancing the scalability and reach of its vendor partners. The company offers a broad array of value-added services, such as logistics, integration, and financial services, thus facilitating optimized technology solutions for its clientele. Headquartered in Florida, TD Synnex operates across multiple continents, cementing its market significance as a reliable partner in the ever-evolving tech distribution landscape. It significantly impacts the technology ecosystem by enabling and accelerating access to innovative products and solutions worldwide, thus serving as a backbone for technology deployment in diverse industries.
Official SEC Documents
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