Insight Enterprises Expects FY24 Adj EPS of $10.50-$10.80 Vs $11.32 Est

Author: Benzinga Newsdesk | February 15, 2024 09:03am

GUIDANCE

For the full year 2024, the Company expects Adjusted diluted earnings per share to be between $10.50 and $10.80. We expect to deliver gross profit growth in the mid to high teens and expect that our gross margin will be approximately 19%. We expect that operating expenses will grow at a higher rate than gross profit.

This outlook assumes:

• interest expense of $40 to $42 million;
• an effective tax rate of 26% for the full year;
• capital expenditures of $50 to $55 million; and
• an average share count for the full year of 35.2 million shares.

Posted In: NSIT