Synnex Corporation, a business process services company, provides services in distribution, contract assembly, and global business services. The company operates in two segments, Distribution Services and Global Business Services (GBS). The Distribution Services segment distributes computer systems, peripherals, system components, software, networking equipment, and complementary products to various customers, such as value-added resellers, system integrators, and retailers, as well as provides assembly services to original equipment manufacturers (OEMs), including integrated supply chain management, build-to-order and configure-to-order system configurations, materials management, and logistics.

The GBS segment offers various services comprising customer management, software development, web hosting, hosted software, domain name registration, and back office processing. This segment delivers its services through voice, chat, Web, email, and digital print. It also sells products complementary to these service offerings in China. In addition, Synnex Corporation offers various financial services, including net terms, third party leasing and floor plan financing, letters of credit, and arrangements to collect payments directly from the end-user; online services; and marketing services, as well as technical support services consisting of pre and post-sales support.

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Type
Public
HQ
Fremont, US
Founded
1980
Size (employees)
107,400 (est)-3%
Synnex was founded in 1980 and is headquartered in Fremont, US
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Key People/Management at Synnex

Dennis Polk

Dennis Polk

President and Chief Executive Officer
Marshall Witt

Marshall Witt

CFO
Christopher Caldwell

Christopher Caldwell

Executive Vice President; President, Concentrix Corporation
Peter Larocque

Peter Larocque

President, North American Technology Solutions
Simon Leung

Simon Leung

Senior Vice President; General Counsel; Corporate Secretary
Kevin Murai

Kevin Murai

Chairman of the Board of Directors
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Synnex Office Locations

Synnex has offices in Richmond, Calgary, Guelph, Montréal and in 3 other locations
Fremont, US (HQ)
44201 Nobel Dr
Calgary, CA
5280 72 Ave SE
Guelph, CA
107 Woodlawn Rd W
Markham, CA
4011 14th Ave
Montréal, CA
310 3300 Boulevard de la Côte-Vertu
Richmond, CA
120 18233 Blundell Rd
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Synnex Financials and Metrics

Synnex Revenue

Synnex's revenue was reported to be $17.05 b in FY, 2017
USD

Revenue (Q2, 2018)

9.5 b

Net income (Q2, 2018)

118.1 m

EBIT (Q2, 2018)

235.9 m

Market capitalization (11-Jul-2018)

4 b

Closing share price (11-Jul-2018)

100.8

Cash (31-May-2018)

354.2 m

EV

4.8 b
Synnex's current market capitalization is $4 b.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

13.8 b13.3 b14.1 b17 b

Revenue growth, %

28%(4%)5%

Cost of goods sold

12.7 b12.1 m12.8 m

Gross profit

1.1 b13.3 b14 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Revenue

2.7 b3 b3.5 b3.5 b3.2 b3.3 b3.3 b3.1 b3.4 b3.7 b3.5 b3.9 b4.3 b9.5 b

Cost of goods sold

2.6 b2.8 b3.2 b3.2 b2.9 b3 b3 b

Gross profit

164.3 m206.6 m279 m299.7 m288.2 m300.1 m290.8 m

Gross profit Margin, %

6%7%8%8%9%9%9%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

151.6 m180.1 m336.1 m380.7 m550.7 m

Accounts Receivable

1.6 b2.1 b1.8 b1.8 b2.8 b

Inventories

1.1 b1.4 b1.3 b1.7 b2.2 b

Current Assets

2.9 b3.9 b3.6 b4 b5.7 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Cash

139.4 m148.4 m204.6 m127.7 m169.8 m215.5 m308.1 m447.6 m589 m223.3 m210.1 m305.6 m243.3 m354.2 m

Accounts Receivable

1.3 b1.6 b1.8 b1.9 b1.6 b1.7 b1.6 b1.5 b1.5 b1.7 b1.7 b1.8 b1.9 b2.7 b

Inventories

1 b1.2 b1.4 b1.4 b1.3 b1.2 b1.3 b1.3 b1.4 b1.6 b1.9 b2.1 b2.2 b2.1 b

Current Assets

2.6 b3.1 b3.6 b3.6 b3.3 b3.3 b3.4 b3.4 b3.6 b3.6 b3.9 b4.3 b4.5 b5.4 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

152.3 m180.2 m208.6 m235 m301.2 m

Depreciation and Amortization

121.3 m159.9 m

Inventories

(155.2 m)(330.2 m)40.1 m(410.2 m)(243.3 m)

Accounts Payable

186.2 m205.1 m(26 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Net Income

110.8 m38.5 m78 m123 m46.3 m98.2 m146.4 m46.6 m91 m149.7 m61.8 m134.9 m210.1 m118.1 m

Depreciation and Amortization

12.3 m5.7 m14.9 m25.2 m11.2 m22.3 m35.3 m14.5 m31.2 m46.5 m35.9 m71.4 m108.3 m97.5 m

Inventories

(67 m)(136.9 m)(332.1 m)(355.8 m)76.6 m133.4 m47.4 m59.4 m(39 m)(224.8 m)(109.1 m)(368.2 m)(484.7 m)30.5 m

Accounts Payable

(52.2 m)(30.7 m)111.1 m21.8 m(365.9 m)(256.1 m)(207 m)(240.6 m)(64.6 m)
USDY, 2018

EV/EBIT

20.2 x

EV/CFO

75.8 x

Financial Leverage

3.2 x
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Synnex Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Distribution Centers

40 40 40

Products

30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k30 k

Resellers

20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k20 k
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Synnex Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Convergys June 29, 2018$2.80 b

Synnex Revenue Breakdown

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Synnex revenue breakdown by business segment: 11.3% from Concentrix and 88.7% from Technology Solutions

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Synnex Online and Social Media Presence

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Synnex News and Updates

Synnex Corp to buy Convergys Corp in $2.4 bln deal

June 28 (Reuters) - Business process services company Synnex Corp said on Thursday it would buy call center operator Convergys Corp in a $2.43 billion cash-and-stock deal.
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Synnex Company Life and Culture

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