This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

TD SYNNEX Corporation
3/22/2021
Good morning. My name is Sharon and I will be your conference operator today. I would like to welcome everyone to the Cinex merger discussion and first quarter fiscal 2021 earnings call. Today's call is being recorded and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there'll be a question and answer session. At this time, for opening remarks, I would like to pass the call over to Liz Morelli, head of investor relations. Liz, you may begin.
Thank you, Sharon, and good morning to everyone. Thank you for joining us for today's call on short notice. With me today are Dennis Polk, Cinex CEO, Rich Hume, Tick Data CEO, and Marshall Witt, Cinex CFO. On this morning's call, we will review today's announcement of the merger between Cinex and TechData, along with Cinex's fiscal first quarter results. Our earnings press release, the transaction press release, and associated presentations can be found on our investor relations website at ir.sinex.com. Before we continue, let me remind everyone 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 benefits of the proposed merger to our various stakeholders, timing of the merger, anticipated ratings, capital structure, and growth. 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 8K available on our investor relations website, ir.cinex.com. This conference call is the property of Cinex Corporation and may not be recorded or rebroadcasted without our permission. I will now turn the call over to Dennis. Dennis?
Thank you, Liz, and thank you to everyone joining the call. Today is an important and transformative day for the technology distribution industry as Cynics and Tech Data come together. For over four decades, we have each worked to help our customers and partners grow and achieve their strategic priorities. We have both been leaders in the space, and I and the entire Cynics management team have the utmost respect for the team at Tech Data and what they have created Like us, Tech Data has established a reputation for excellence, and we are thrilled to partner with its 14,000-plus talented colleagues. For Cynics, this combination is beneficial as it accelerates our strategic growth initiatives by multiple years versus what we could have done by acquiring several smaller, geographically diverse companies. While on the surface, we appear to be similar companies, we're actually very complementary to each other from a geographic perspective oem representation customer segments served and services offered thus the combined company will be able to bring additional services and capabilities to our respective partners even with a well-planned and executed strategy i'm not sure we could have achieved over time all that is accomplished with this merger for investors we have the opportunity to create value by accelerated revenue growth scale efficiencies, increased cash flow, and greater earnings power. I am pleased to be able to partner with Rich Hume and the Go Forward combined entity. Rich is a talented leader with significant industry expertise, and we're fortunate to have him as the CEO of the business going forward. I would like to now turn over the call to Rich at this point. Over to you, Rich.
You're reading a preview of the SNX Q1 2021 earnings call.
Free account.