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![INSIGHT ENTERPRISES INC [NSIT] reports annual net loss of $281.3 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FNSIT.png&w=1200&q=75)
INSIGHT ENTERPRISES INC [NSIT] has reported a net loss of $281.3 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $9.2 billion
Based in CHANDLER, Arizona, INSIGHT ENTERPRISES INC operates in the RETAIL sector.
In the consolidated Income Statement for the 12 months ended December 31, 2023, compared to the same period in the previous year:
- Total net sales decreased from $10.43 billion in 2022 to $9.18 billion in 2023.
- Total costs of goods sold decreased from $8.79 billion in 2022 to $7.51 billion in 2023.
- Gross profit increased from $1.64 billion in 2022 to $1.67 billion in 2023.
- Selling and administrative expenses rose from $1.22 billion in 2022 to $1.24 billion in 2023.
- Severance and restructuring expenses increased from $4.24 million in 2022 to $6.09 million in 2023.
- Acquisition and integration-related expenses increased from $1.97 million in 2022 to $7.39 million in 2023.
- Earnings from operations rose from $413.70 million in 2022 to $419.80 million in 2023.
- Interest expense increased from $39.50 million in 2022 to $41.12 million in 2023.
- Other income decreased from $(0.23) million in 2022 to $0.82 million in 2023.
- Earnings before income taxes increased from $374.43 million in 2022 to $377.85 million in 2023.
- Income tax expense increased from $93.83 million in 2022 to $96.55 million in 2023.
- Net earnings increased from $280.61 million in 2022 to $281.31 million in 2023.
- Basic earnings per share increased from $8.04 in 2022 to $8.53 in 2023.
- Diluted earnings per share decreased from $7.66 in 2022 to $7.55 in 2023.
In the Products segment:
- Total net sales decreased from $8.95 billion in 2022 to $7.63 billion in 2023.
- Total costs of goods sold decreased from $8.11 billion in 2022 to $6.86 billion in 2023.
- Gross profit decreased from $836.54 million in 2022 to $772.21 million in 2023.
In the Services segment:
- Total net sales increased from $1.48 billion in 2022 to $1.54 billion in 2023.
- Total costs of goods sold decreased from $683.37 million in 2022 to $647.14 million in 2023.
- Gross profit increased from $800.03 million in 2022 to $897.32 million in 2023.
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