This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Insight Enterprises, Inc. Reports Fourth Quarter And Full Year 2011 Results

Insight Enterprises, Inc. (Nasdaq: NSIT) (the “Company”) today reported results of operations for the quarter and year ended December 31, 2011.

Fourth Quarter Highlights

For the fourth quarter of 2011 compared to the fourth quarter of 2010:

  • Net sales increased 2% to $1.4 billion.
  • Gross profit increased 4% to $179.0 million.
  • Earnings from operations increased 13% to $42.2 million, or 3.1% of net sales.
  • Net earnings increased 39% to $34.7 million.
  • Diluted earnings per share increased 47% to $0.78.

2011 Full Year Highlights

For the full year 2011 compared to the full year 2010:

  • Net sales increased 10% to $5.3 billion, the highest in the Company’s history.
  • Gross profit increased 10% to $709.2 million.
  • Earnings from operations increased 19% to a record $147.4 million, or 2.8% of net sales.
  • Net earnings increased 33% to $100.2 million.
  • Diluted earnings per share increased 35% to $2.18.
  • Repurchased approximately 2.9 million shares of the Company’s common stock for $50.0 million (an average price of $17.26 per share).

During the fourth quarter of 2011, the Company recorded a tax benefit of $7.6 million from a reorganization of certain of its foreign operations, primarily related to the recognition of foreign tax credits. Results for the fourth quarter of 2010 included a $1.6 million tax benefit from the recapitalization of one of the Company’s foreign subsidiaries.

“Our fourth quarter results reflect a strong close to another successful year for Insight. Modest sales growth combined with higher gross margin and strong expense control led to a 13% growth in earnings from operations in the quarter. For the full year 2011, our team delivered double digit sales and earnings growth with improved operating margins, reflecting progress towards our long term financial targets,” stated Ken Lamneck, President and Chief Executive Officer. “As we head into 2012, we remain confident that consistent execution of our strategic priorities combined with operational discipline will result in increased value for our stakeholders.”

1 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs