Insight Enterprises Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the third quarter, the company reported GAAP basis, earnings from operations were $11.87 million as compared to the earnings from operations of $14.95 million for the same period a year ago. Non-GAAP basis earnings from operations were $16.42 million as compared to the earnings from operations of $14.95 million for the same period a year ago. GAAP basis, net earnings from continuing operations were $7.27 million as compared to the net earnings from continuing operations of $6.60 million for the same period a year ago. Non-GAAP basis, net earnings from continuing operations were $10.12 million as compared to the net earnings from continuing operations of $6.60 million for the same period a year ago. GAAP basis diluted EPS from continuing operations were $0.16 as compared to the diluted EPS from continuing operations of $0.14 for the same period a year ago. Non-GAAP basis diluted EPS from continuing operations were $0.22 as compared to the diluted EPS from continuing operations of $0.14 for the same period a year ago. Earnings from continuing operations before income taxes were $9.27 million as compared to the earnings from continuing operations before income taxes of $8.73 million for the same period a year ago. Net earnings were $7.27 million as compared to the net earnings of $6.60 million for the same period a year ago. For the nine months, the company reported the net sales were $2,958.26 million as compared to the net sales of $3,665.14 million for the same period a year ago. GAAP basis earnings from operations were $25.80 million as compared to the loss from operations of $240.01 million for the same period a year ago. Non-GAAP basis earnings from operations were $50.99 million as compared to the earnings from operations of $79.18 million for the same period a year ago. GAAP basis, net earnings from continuing operations were $13.37 million as compared to the net loss from continuing operations of $160.31 million for the same period a year ago. Non-GAAP basis, net earnings from continuing operations were $29.93 million as compared to the net earnings from continuing operations of $44.22 million for the same period a year ago. GAAP basis diluted EPS from continuing operations were $0.29 as compared to the diluted LPS from continuing operations of $3.42 for the same period a year ago. Non-GAAP basis diluted EPS from continuing operations were $0.65 as compared to the diluted LPS from continuing operations of $0.94 for the same period a year ago. Purchases of property and equipment were $11.74 million as compared to the purchases of property and equipment of $24.10 million for the same period a year ago. Net earnings per share were $0.35 as compared to the net loss per share of $3.42 for the same period a year ago. Earnings from continuing operations before income taxes were $19.13 million as compared to the loss from continuing operations before income taxes of $252.12 million for the same period a year ago. Net earnings were $16.17 million as compared to the net loss of $160.31 million for the same period a year ago.

Insight Enterprises Inc. reported earnings results for the third quarter and nine months ended September 30, 2009. The company consolidated net sales for the third quarter were $970 million reflecting a decrease in 17% from last year�s third quarter net sales of $1.2 billion. These results reflect stronger than expected performance in North America and Asia Pacific operating segments that more than offset softer than expected results in EMEA business. From a cash flow perspective, for the first nine months, ended September 30, operations generated a $107 million compared to $62 million for the same period in 2008. The cash flow performance was better due primarily to the timing of certain key supply things. The company revised earnings guidance for the fourth quarter of 2009. The company revised outlook for diluted earnings per share from continuing operations to be between $0.83 and $0.88 for the full year of 2009, including $0.18 to $0.23 of diluted earnings per share expected in the fourth quarter of 2009. This outlook does not include the impact of any severance and restructuring expenses, expenses associated with the restatement investigation and administration or related litigation or other one time charges.

Insight Enterprises Inc., Q3 2009 Earnings Call, Nov-04 2009