Insight Enterprises Incorporated reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s consolidated net sales were $1,181,622,000 compared to $1,244,182,000 in the same period last year. Earnings before income taxes was $12,576,000 compared to $27,003,000 in the same period last year. Net earnings were $9,076,000 compared to $17,392,000 in the same period last year. Net earnings per share basic and diluted was $0.20 compared to $0.39 in the same period last year. Net cash provided by operating activities was $16,283,000 compared to $20,440,000 in the same period last year. Purchases of property and equipment was $5,670,000 compared to $7,823,000 in the same period last year. Non-GAAP consolidated net warnings were $10,944,000 compared to $16,614,000 in the same period last year. Non-GAAP consolidated earnings from operations was $10,944,000 compared to $16,614,000 in the same period last year. Non-GAAP consolidated diluted EPS was $0.24 compared to $0.37 in the same period last year. The company now expects diluted earnings per share for the full year of 2013 to be between $1.70 and $1.90. This outlook includes the adverse effect on gross profit of previously announced partner program changes in its software category, which is estimated to be between $8 million and $12 million and an effective tax rate or 36% to 38% for the balance of 2013. This outlook excludes severance and restructuring expenses incurred during 2013. The company is currently expecting net sales for the full year of 2013 will decline slightly from 2012 due primarily to lower spending by large enterprise clients in North America. The company currently expects its second quarter financial results will exhibit similar year-to-year trends as in the first quarter. But that the company will see improved earnings performance in the back half of 2013 as it begins to realize the benefits of its sales and cost control initiatives.

Insight Enterprises Inc. Presents at Global Technology Distribution Council Investor Relations Conference, May-02-2013 10:15 AM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, NY 10019, New York, United States. Speakers: Kenneth T. Lamneck, Chief Executive Officer, President, Director and Member of Executive Committee.

Insight Enterprises Inc., Q1 2013 Earnings Call, May 01, 2013