TD SYNNEX Appoints David Jordan as New CFO Amidst Mixed Financial Performance.
ByAinvest
Friday, Oct 3, 2025 9:36 am ET1min read
SNX--
In the third quarter of fiscal 2025, TD SYNNEX reported non-GAAP earnings of $3.58 per share, beating the Zacks Consensus Estimate by 18.5%. Revenues increased 6.6% year over year to $15.7 billion, with a 4.4% growth on a constant-currency basis. The company's Endpoint Solutions and Advanced Solutions portfolios drove this growth [2].
However, the company's gross profit margin expanded by 68 basis points to 7.22%, indicating challenges in profitability. Adjusted SG&A expenses increased to $654.9 million, reflecting a 27 basis points increase on a year-over-year basis to 4.75% of revenues. The fiscal second-quarter non-GAAP operating income was up 20.9% to $474.93 million, with the non-GAAP operating margin expanding by 35 basis points to 3.03% [2].
For the fourth quarter of fiscal 2025, TD SYNNEX expects revenues of $16.5-$17.3 billion, with non-GAAP earnings anticipated to be $3.45-$3.95 per share. The company also expects non-GAAP net income to be in the range of $204-$245 million [2].
The appointment of David Jordan as CFO and the mixed financial performance of TD SYNNEX in the third quarter of fiscal 2025 indicate a strategic shift for the company. Jordan's experience in finance and investor relations will be crucial as TD SYNNEX navigates the challenges of profitability margins and continues to grow its revenue streams [1].
TD SYNNEX has appointed David Jordan as its new CFO, replacing Marshall Witt. Jordan, who has been with the company since 2014, brings extensive experience in finance, mergers and acquisitions, and investor relations. The company's financial metrics indicate a mixed performance, with strong revenue growth but challenges in profitability margins. TD SYNNEX operates as a distributor and solutions aggregator within the IT ecosystem, focusing on hardware, software, and systems. The company's stock declined slightly by 0.36%, settling at $163.79.
TD SYNNEX (NYSE: SNX) has appointed David Jordan as its new Chief Financial Officer (CFO), replacing Marshall Witt. Jordan, who has been with the company since 2014, brings extensive experience in finance, mergers and acquisitions, and investor relations. The appointment comes as the company's stock declined slightly by 0.36%, settling at $163.79 [1].In the third quarter of fiscal 2025, TD SYNNEX reported non-GAAP earnings of $3.58 per share, beating the Zacks Consensus Estimate by 18.5%. Revenues increased 6.6% year over year to $15.7 billion, with a 4.4% growth on a constant-currency basis. The company's Endpoint Solutions and Advanced Solutions portfolios drove this growth [2].
However, the company's gross profit margin expanded by 68 basis points to 7.22%, indicating challenges in profitability. Adjusted SG&A expenses increased to $654.9 million, reflecting a 27 basis points increase on a year-over-year basis to 4.75% of revenues. The fiscal second-quarter non-GAAP operating income was up 20.9% to $474.93 million, with the non-GAAP operating margin expanding by 35 basis points to 3.03% [2].
For the fourth quarter of fiscal 2025, TD SYNNEX expects revenues of $16.5-$17.3 billion, with non-GAAP earnings anticipated to be $3.45-$3.95 per share. The company also expects non-GAAP net income to be in the range of $204-$245 million [2].
The appointment of David Jordan as CFO and the mixed financial performance of TD SYNNEX in the third quarter of fiscal 2025 indicate a strategic shift for the company. Jordan's experience in finance and investor relations will be crucial as TD SYNNEX navigates the challenges of profitability margins and continues to grow its revenue streams [1].
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