Insight Enterprises, Inc. Reports Strong First Quarter 2019 Results
Summary
“I am pleased to report we have started the new year with strong earnings performance in the first quarter,” stated Ken Lamneck, President and Chief Executive Officer. In some instances the Company refers to changes in net sales, gross profit and earnings from operations on a consolidated basis and in North America, EMEA and APAC excluding the effects of fluctuating foreign currency exchange rates. Forward-looking statements, including the Company’s expected 2019 financial results, sales growth and Adjusted diluted earnings per share for the full year 2019, and the assumptions relating thereto, as well as the Company’s anticipated effective tax rate, capital expenditures and plans concerning repurchases under the Company’s currently authorized share repurchase program, and the Company’s expectations regarding cash flow, are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Some of the important factors that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements, include, but are not limited to, the following, which are discussed in “Risk Factors” in Part I, Item 1A of the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 and in the Company’s subsequent filings with the Securities and Exchange Commission: actions of the Company’s competitors, including manufacturers and publishers of products the Company sells; the Company’s reliance on partners for product availability, competitive products to sell and marketing funds and purchasing incentives, which can change significantly in the amounts made available and the requirements year over year; changes in the information technology (“IT”) industry and/or rapid changes in technology; risks associated with the integration and operation of acquired businesses; possible significant fluctuations in the Company’s future operating results; the risks associated with the Company’s international operations; general economic conditions; increased debt and interest expense and decreased availability of funds under the Company’s financing facilities; the security of the Company’s electronic and other confidential information; disruptions in the Company’s IT systems and voice and data networks; failure to comply with the terms and conditions of the Company’s commercial and public sector contracts; legal proceedings and the results of client and public sector audits and failure to comply with laws and regulations; accounts receivable risks, including increased credit loss experience or extended payment terms with the Company’s clients; the Company’s reliance on independent shipping companies; the Company’s dependence on certain key personnel; natural disasters or other adverse occurrences; exposure to changes in, interpretations of, or enforcement trends related to tax rules and regulations; and intellectual property infringement claims and challenges to the Company’s registered trademarks and trade names.