CNXC Q2 2021 Earnings Report — Concentrix Corporation Revenue & Financial Results | Market Cap Arena

Concentrix CorporationCNXC

Q2 2021 Earnings

Reported July 9, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$1.4B	$1.4B	$1.1B	1.2%	28.5%
Op. Income	$128M	$135M	$24M	-4.9%	443.8%
Gross Margin	35.2%	35.9%	32.4%	-0.7pp	2.9pp
Net Margin	6.1%	6.6%	0.2%	-0.5pp	5.8pp
EPS (Diluted)	$1.57	$1.69	$0.05	-7.1%	3184.5%
Free Cash Flow	$174M	-$6M	$217M	2975.4%	-19.6%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$887M
GROSS PROFIT	$483M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$355M
Other Expenses	$0
Operating Expenses	$355M
Cost & Expenses	$1.2B
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$125M
Income Tax Expense	$42M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	-$18.0K
BOTTOM LINE NET INCOME	$82M
D&A	$71M
EBIT	$132M
EBITDA	$203M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$887M
GROSS PROFIT	$483M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$355M
Other Expenses	$0
Operating Expenses	$355M
Cost & Expenses	$1.2B
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$125M
Income Tax Expense	$42M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	-$18.0K
BOTTOM LINE NET INCOME	$82M
D&A	$71M
EBIT	$132M
EBITDA	$203M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$71M
Stock-Based Compensation	$9M
Deferred Income Tax	$4M
Other Non-Cash Items	-$3M
Change in Working Capital	$40M
OPERATING CASH FLOW	$203M
Capital Expenditure	-$29M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$155M
Common Stock Repurchased	-$118.0K
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$152M
FREE CASH FLOW	$174M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$255M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$399M
Goodwill	$1.8B
Intangible Assets	$737M
Long-Term Investments	$0
Tax Assets	$42M
Other Non-Current Assets	$610M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$5.1B
Account Payables	$110M
Short-Term Debt	$157M
Deferred Revenue	$0
Other Current Liabilities	$230M
TOTAL CURRENT LIABILITIES	$890M
Long-Term Debt	$959M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$128M
Other Non-Current Liabilities	$217M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.6B
Common Stock	$5.0K
Additional Paid-In Capital	$2.3B
Retained Earnings	$172M
Treasury Stock	-$527.0K
Accum. Other Comp. Income	$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$1.5B
Net Debt	$1.4B