Tech Data Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 31, 2017; Provides Earnings Guidance for the Quarter Ending January 31, 2018
For nine months, net sales were $25,682,482,000 against $18,807,366,000 a year ago. Operating income was $258,176,000 against $188,785,000 a year ago. Income before income taxes was $174,345,000 against $167,938,000 a year ago. Net income was $115,381,000 against $116,273,000 a year ago. Earnings per diluted share were $3.03 against $3.29 a year ago. Non-GAAP operating income was $386,753,000 against $216,785,000 a year ago. Non-GAAP net income was $213,540,000 or $5.60 per diluted share against $138,236,000 or $3.91 per diluted share a year ago.
For the quarter ending January 31, 2018, the company anticipates worldwide net sales to be in the range of $10.25 billion to $10.80 billion. The company anticipates EPS to be in the range of $2.39 to $2.69 and non-GAAP EPS to be in the range of $3.35 to $3.65. This guidance assumes weighted average diluted shares outstanding of 38.5 million and an effective tax rate in the range of 29% to 31%.