Insight Enterprises Reports Q4 and Full Year Results with 1% Net Sales Decline, 9% Gross Profit Increase, and 40% Consolidated Net Earnings Growth

Insight Enterprises reported Q4 net sales down 1% YoY to $2.0 bln and gross profit up 9% YoY to $478.4 mln, with a 220-bps gross margin expansion. Full-year net sales decreased 5% to $8.2 bln and gross profit remained flat at $1.8 bln, with a 110-bps gross margin expansion. Q4 consolidated net earnings increased 40% YoY to $52 mln, and full-year earnings decreased 37% YoY to $157.3 mln. Adjusted EBITDA increased 11% YoY to $156.2 mln in Q4 and was relatively flat at $542.6 mln for the full year.