Amidst the post-interest rate hike recovery, discerning investors are seeking avenues to harness the upswing in demand. Three companies spanning various sectors have emerged as formidable contenders in this resurgent economic landscape: Sterling (STRL), Viant (DSP), and TD Synnex (SNX).
Sterling (STRL), a construction industry leader, has consistently delivered robust financial performance. The company’s relentless focus on profitability and margin enhancement has yielded exceptional growth and financial stability. Sterling’s total revenue surged by 11% in the past year, reaching $1.97 billion. This revenue growth translated into a substantial increase in adjusted net income by 43%. Moreover, the company boasts a 46% expansion in its backlog, signaling promising revenue prospects for 2024.
Viant (DSP) has capitalized on the booming digital video advertising market, particularly in Connected TV (CTV). The company’s impressive progress in CTV underscores its ability to capture a growing share of the digital advertising landscape. Viant’s strategic utilization of its Household ID technology and Direct Access program has empowered it to attract advertisers and execute targeted CTV advertising campaigns. This proficiency has fueled a notable 18% growth in revenue for Q4 compared to the same period last year, reaching $64.4 million.
TD Synnex (SNX) has demonstrated its market acumen through its consistent performance in terms of top-line results and gross billings. Despite encountering a 5% decline in gross billings for Q1 2024 compared to Q1 2023, the company effectively maintained its revenue within the projected range. Net sales amounted to $14.0 billion, reflecting a 7.6% decrease year-over-year. TD Synnex’s resilience amidst gross billing challenges underscores its revenue generation capabilities. The company has also exhibited solid growth in core tech domains such as cloud, AI, and data, highlighting its adaptability and market presence.
