ScanSource

ScanSource, Inc. engages in the development and provision of technology products and services. It operates through the Worldwide Barcode, Networking and Security, and Worldwide Communications and Services segments. The Worldwide Barcode, Networking and Security segment offers enterprise mobile computing, cyber security, automatic identification and data capture, point-of-sale, electronic physical security, and three-dimensional printing technologies. The Worldwide Communications and Services segment includes voice, video conferencing, wireless, data networking, and converged communications solutions. The company was founded by Michael L. Baur and Steven H. Owings in December 1992 and is headquartered in Greenville, SC.

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SCSC reports 5% net sales growth and addresses margin pressure

SCSC reported a solid performance in Q3 with net sales growth, strong margins, and positive cash flow. While facing challenges such as cautious commentary from partners and margin pressure, the company is focused on leveraging opportunities for growth in networking and strategic inventory adjustments. Their priorities for excess cash flow include potential share repurchases.

ScanSource reports strong Q2 earnings, navigates challenges for growth

ScanSource's Q2 earnings call highlighted robust performance, strategic strengths in profitability and scalability, while addressing challenges from tough compares and macro uncertainties.
The company's focus on capital allocation, market opportunities in hybrid solutions, and steady growth in UCaaS and CCaaS position it for sustained success.
Navigating challenges through prudent pricing strategies, working capital optimization, and a cautious approach to economic uncertainties will be key for ScanSource's future growth.

ScanSource reports solid Q3 results, raises EBITDA outlook

ScanSource's Q3 performance showcased overall growth, particularly in the Specialty Technology Solutions segment. Despite challenges in the Modern Communications and Cloud segment, the company's financial results were strong, with record adjusted EBITDA and positive cash flow. Opportunities lie in leveraging cloud offerings, maintaining financial strength, and exploring market expansion.

ScanSource resilient post-cyberattack, eyes growth amidst challenges

ScanSource showed resilience and growth post-cyberattack, meeting sales targets in FY 2023.
Management remains focused on achieving midterm goals despite working capital challenges.
Intelisys faces market conditions but is optimistic about future performance and pricing strategy.
Addressing challenges and seizing opportunities key to ScanSource's continued success.

ScanSource reports Q1 results, anticipates slower demand but strong cash flow

ScanSource's Q1 performance reflects mixed demand but strong growth in key segments, supported by robust free cash flow.
Management's focus on leveraging the balance sheet for strategic actions and acquisitions signals a proactive approach to future growth.
Despite challenges like slower demand outlook, the company's financial strength and market positioning offer opportunities for sustained success.

ScanSource reports resilient Q2 performance amidst revenue challenges

ScanSource's Q2 performance reflects a mixed picture with strong free cash flow and growth in Intelisys offset by challenges in hardware business sales and softer demand.
The company's focus on financial stability, working capital efficiency, and strategic growth opportunities positions it well for navigating market uncertainties and driving long-term value.

ScanSource reports Q3 challenges, focuses on cost management and growth

ScanSource's Q3 performance reflects a decline in net sales for the hardware business but strong free cash flow and growth in Intelisys. The company is proactively managing costs and updating guidance for FY '24 amidst a challenging demand environment. Strategic initiatives to expand margin opportunities and focus on growth areas like CCaaS and UCaaS position ScanSource for future success.

ScanSource reports mixed Q4 results, focuses on growth strategies

ScanSource's Q4 2024 earnings call highlighted mixed financial results with a strong emphasis on free cash flow and working capital efficiency. The company's strategic moves towards hybrid distribution and recent acquisitions show a focus on growth and adaptation to market dynamics.

ScanSource reports Q1 growth amidst challenges, eyes strategic opportunities

ScanSource's Q1 2025 performance showcased strengths in free cash flow, EPS growth, and realigned reporting segments. Challenges include sales decline and competitive dynamics, while opportunities lie in acquisitions, segment growth, and innovation.
The company's transformation into a hybrid distributor and the launch of the Integrated Solutions Group position it well for future expansion and market differentiation. Strategic management of costs and investments will be crucial for sustained growth.
Analyst inquiries highlighted areas of interest such as product categories, regional performance, and technology impacts, signaling the need for ScanSource to address market demands and competitive pressures proactively.
Overall, ScanSource's performance in Q1 2025 reflects a mix of strengths, challenges, and opportunities that require strategic focus and operational agility to drive continued success in the evolving market landscape.

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ScanSource, Inc. engages in the development and provision of technology products and services. It operates through the Specialty Technology Solutions and Modern Communications & Cloud segments. The Specialty Technology Solutions segment includes enterprise mobile computing, data capture, barcode printing, POS, payments, networking, electronic physical security, cybersecurity and other technologies. The Modern Communications & Cloud segment refers to the communications technologies and services for voice, video conferencing, wireless, data networking, cybersecurity, cable, unified communications and collaboration, cloud and technology services. The company was founded by Michael L. Baur and Steven H. Owings in December 1992 and is headquartered in Greenville, SC.

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.

US Stocks Mixed; ScanSource Reports Weak Q4 Results

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the fourth quarter and fiscal year ended June 30, 2024. All results in this release reflect continuing operations only unless otherwise noted.   Fourth Quarter Summary   Fiscal Year Summary   Q4 FY24   Q4 FY23   Change   FY24   FY23   Change   (in thousands, except percentages and per share data) Select reported measures:        .

ScanSource Reports Fourth Quarter and Full-Year Results

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the creation of its Integrated Solutions and Services (ISS) group. The ISS group is focused on developing solutions and services that will provide hardware value-added resellers (VARs) the opportunity to wrap additional value around their hardware offerings. As the launching point for this new group, ScanSource has acquired Advantix, a VAR-focused, ma.

ScanSource Launches Integrated Solutions and Services Group

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the acquisition of Resourcive, a leading technology advisor. Resourcive delivers strategic IT sourcing solutions to the mid-market and enterprise, advising clients on value creation strategies that are enabled by technology. With the acquisition of Resourcive, ScanSource is creating a new Channel Advisory business to be a platform for the channel mode.

ScanSource Acquires Resourcive

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release fourth quarter and fiscal year 2024 results for the period ended June 30, 2024 on Tuesday, August 27, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, August 27, 2024, at 10:30 a.m. ET. The earnings conference call may be accessed via a liv.

ScanSource to Announce Fourth Quarter and Fiscal Year 2024 Results August 27, 2024

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GREENVILLE, S.C.--(BUSINESS WIRE)--Intelisys, a ScanSource (NASDAQ: SCSC) company, and a leading provider of technology services and solutions, today announced the appointment of Ken Mills as its new president. In this role, Mills will lead the company's strategic direction with a focus on driving sustainable growth for the company, its partners and suppliers. Mills brings nearly 25 years of leadership experience with fast-growing, innovative technology companies, including Dell Technologies, C.

Intelisys Appoints Ken Mills as New President

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ScanSource, Inc. (NASDAQ:SCSC ) Q3 2024 Earnings Conference Call May 7, 2024 10:30 AM ET Company Participants Mary Gentry - Senior Vice President, Treasurer and Investor Relations Mike Baur - Chair and Chief Executive Officer Steve Jones - Senior Executive Vice President, Chief Financial Officer Tony Sorrentino - President for Specialty Technology Conference Call Participants Greg Burns - Sidoti Keith Housum - Northcoast Research Michael Latimore - Northland Capital Markets Operator Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.

ScanSource, Inc. (SCSC) Q3 2024 Earnings Call Transcript

ScanSource (SCSC) came out with quarterly earnings of $0.69 per share, missing the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.96 per share a year ago.

ScanSource (SCSC) Lags Q3 Earnings and Revenue Estimates

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the third quarter ended March 31, 2024.   Third Quarter Summary   Q3 FY24   Q3 FY23   Change   (in thousands, except percentages and per share data) Select reported measures:           Net sales $ 752,599     $ 885,519     -15.0% Gross profit $ 94,481     $ 111,762     -15.5% Gross profit margin %   12.55 %     12.62 %   -7bp Ope.

ScanSource Reports Third Quarter Results

GREENVILLE, S.C.--(BUSINESS WIRE)--Intelisys, a ScanSource (NASDAQ: SCSC) company, and a leading provider of technology services and solutions, today announced Eddie Acosta has been appointed Vice President of Sales, Central Region. In this role, Acosta will lead the central region sales team, driving strategy, account management and business development. Acosta brings more than 20 years of sales and management experience in the cloud-based technology services industry to this position, includi.

Intelisys Announces Appointment of Vice President of Sales

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release third quarter fiscal year 2024 results for the period ended March 31, 2024 on Tuesday, May 7, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, May 7, 2024, at 10:30 a.m. ET. The earnings conference call may be accessed via a live Internet w.

ScanSource to Announce Third Quarter Fiscal Year 2024 Results May 7, 2024

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GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced plans to present at the Raymond James 45th Annual Institutional Investors Conference in Orlando, Florida. Date: Wednesday, March 6, 2024 Time: 8:05 a.m. Eastern Time Presenter: Steve Jones, Chief Financial Officer The session will be available via a live webcast. A replay of the webcast will be archived and available for 30 days following the live presentat.

ScanSource to Present at Raymond James Institutional Investors Conference

ScanSource (SCSC) witnesses year-over-year declines in both its top and bottom line in second-quarter fiscal 2024 on weak demand. The company also lowered its fiscal 2024 view.

ScanSource (SCSC) Misses Q2 Earnings Estimates, Lowers View

ScanSource, Inc. (SCSC) Q2 2024 Earnings Call Transcript

ScanSource (SCSC) came out with quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.06 per share a year ago.

ScanSource (SCSC) Misses Q2 Earnings and Revenue Estimates

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the second quarter ended December 31, 2023.   Second Quarter Summary   Q2 FY24   Q2 FY23   Change   (in thousands, except per share data) Select reported measures:           Net sales $ 884,792     $ 1,011,241     -12.5% Gross profit $ 100,748     $ 115,334     -12.6% Gross profit margin %   11.39 %     11.41 %   -2bp Operating i.

ScanSource Reports Second Quarter Results

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, has been named to FORTUNE's 2024 list of World's Most Admired Companies. ScanSource's inclusion in this year's list marks the eighth consecutive year the company has received the recognition. The annual survey, which is given to thousands of senior executives, directors and financial analysts from more than 600 global companies, identifies the organizations with the.

ScanSource Named to FORTUNE's List of World's Most Admired Companies for Eighth Consecutive Year

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release second quarter fiscal year 2024 results for the period ended December 31, 2023 on Tuesday, February 6, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, February 6, 2024, at 10:30 a.m. ET. The earnings conference call may be accessed via a l.

ScanSource to Announce Second Quarter Fiscal Year 2024 Results February 6, 2024

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the promotion of Robert (Bob) Farbak to Senior Vice President of Sales for Intelisys. In this role, Farbak will lead the Intelisys regional sales and business development teams, while also architecting the strategy to drive revenue growth and develop exceptional relationships with partners across the United States. Farbak brings more than 14 years of.

ScanSource Announces New Sales Leader for Intelisys

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced plans to present at the Raymond James TMT & Consumer Conference in New York City. Date: Tuesday, December 5, 2023 Time: 1:40 p.m. Eastern Time Presenter: Mike Baur, Chairman and Chief Executive Officer The session will be available via a live webcast. A replay of the webcast will be archived and available for 30 days following the live presentation. To.

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