TD Synnex Outlines Ambitious Financial Goals

By Bobby Samwell • Thursday, April 10 15:14 • Permanent Link

TD Synnex (NYSE: SNX) recently hosted its 2025 investor day to provide an update on its strategy, market opportunities, and medium-term financial aspirations. The company's CEO, Patrick Zammit, outlined the strategy to strengthen its market position and grow its presence in IT distribution through core and strategic technologies.

In terms of financial forecasts for fiscal 2025, the company expects to achieve a non-GAAP diluted EPS of $11.50-$12.00 and free cash flow of $1.1 billion.

Looking ahead to its medium-term financial aspirations, TD Synnex aims to achieve the following: Non-GAAP gross billings CAGR of approximately 5% Gross profit CAGR of 5%+ Non-GAAP operating income CAGR of 6%+ Non-GAAP diluted EPS CAGR of 10-12%+ 95% non-GAAP net income to FCF conversion 50-75% free cash flow returned to shareholders

TD Synnex is a leading global distributor and solutions aggregator for the IT ecosystem, serving over 150,000 customers in 100+ countries. The company's edge-to-cloud portfolio is anchored in high-growth technology segments, including cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service. With a commitment to serving customers and communities, TD Synnex aims to have a positive impact on people and the planet while acting as a respected corporate citizen. Today the company's shares have moved -3.9% to a price of $102.42. Check out the company's full 8-K submission here.

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