Insight Enterprises sees FY23 adjusted EPS of $9.40-$9.60, consensus $9.47

For FY23, the company expects adjusted diluted EPS between $9.40-$9.60 and now expects to deliver gross profit growth “in the low single digit range,” Insight Enterprises stated. This outlook assumes interest expense of $45 to $47M; an effective tax rate of 25% to 26% for the full year; capital expenditures of $40 to $45M; and an average share count for the full year of 34.8 million shares including estimated potential dilution from the warrants relating to the Call Spread Transactions, net of share repurchases completed in the first nine months of 2023. “This outlook excludes acquisition-related intangibles amortization expense of approximately $34M, assumes no acquisition or integration related expenses, transformation or severance and restructuring expenses, net and no significant change in our debt instruments,” the company noted.