TD SYNNEX Corporation (NYSE:SNX) Q3 2022 Earnings Conference Call September 27, 2022 9:00 AM ET

Company Participants

Liz Morali - Head of IR

Rich Hume - CEO

Marshall Witt - CFO

Conference Call Participants

Keith Housum - Northcoast Research

Joseph Cardoso - J.P. Morgan

Ruplu Bhattacharya - Bank of America

Ashley Ellis - Credit Suisse

Adam Tindle - Raymond James

Vincent Colicchio - Barrington Research

Alek Valero - Loop Capital Markets

Jim Suva - Citigroup

Operator

Good morning. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the TD SYNNEX Third Quarter Fiscal 2022 Earnings Call. Today’s call is being recorded and all lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

At this time for opening remarks, I would like to pass the call over to Liz Morali, Head of Investor Relations. Liz, you may begin.

Liz Morali

Thank you. Good morning, everyone, and thank you for joining us for today's call. With me today are Rich Hume, CEO; and Marshall Witt, CFO.

Before we continue, let me remind you that today's discussion contains forward-looking statements within the meaning of the federal securities laws, including predictions, estimates, projections, or other statements about future events including statements about strategy, plans and positioning, as well as our expectations for fiscal year 2022.

Actual results may differ materially from those mentioned in these forward-looking statements as a result of risks and uncertainties discussed in today's earnings release in the Form 8-K we filed today and in the Risk Factors section of our Form 10-K and our other reports and filings with the SEC. We do not intend to update any forward-looking statements.

Also, during this call, we will reference certain non-GAAP financial information. Reconciliations of GAAP to non-GAAP results are included in our earnings press release and the related Form 8-K available on our Investor Relations website ir.tdsynnex.com. This conference call is the property of TD SYNNEX and may not be recorded or rebroadcast without our permission.

I will now turn the call over to Rich. Rich?

Rich Hume

Thank you, Liz. Good morning, everyone, and thank you for joining our call. One year ago, we held our first earnings call as TD SYNNEX, having closed our merger on September 1, 2021. In our first 12 months together, we've accomplished a lot and have validated the value proposition that led to our merger. Over the past 12 months, we generated $62 billion in revenue, over $1.7 billion in adjusted EBITDA, and $11.35 in non-GAAP earnings per share, representing 35% in accretion and well above our initial 12-month target.