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.

Earnings data Q3 2021

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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.

ScanSource (SCSC) expects net sales to grow at least by 3% in fiscal 2024.

ScanSource (SCSC) Q4 Earnings Miss, Sales Beat Estimates

ScanSource, Inc. (NASDAQ:SCSC ) Q4 2023 Earnings Conference Call August 22, 2023 10:30 AM ET Company Participants Mary Gentry - SVP, IR, & Treasurer Mike Baur - Chairman & CEO John Eldh - President Steve Jones - CFO Conference Call Participants Greg Burns - Sidoti & Company Keith Housum - Northcoast Research Partners Jake Norrison - Raymond James 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) Q4 2023 Earnings Call Transcript

ScanSource (SCSC) came out with quarterly earnings of $0.76 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.91 per share a year ago.

ScanSource (SCSC) Lags Q4 Earnings 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 fourth quarter ended June 30, 2023.   Fourth Quarter Summary   Fiscal Year Summary   Q4 FY23   Q4 FY22   Change   FY23   FY22   Change   (in thousands, except per share data) Select reported measures:                       Net sales $ 947,149     $ 962,283     -1.6 %   $ 3,787,721     $ 3,529,935     7.3 % Gross profit $ 108,.

ScanSource Reports Fourth Quarter and Full-year Results

Acuity Brands

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Vernon J. Nagel to its Board of Directors, effective August 16, 2023. Mr. Nagel's appointment expands the Board to nine members. Mr. Nagel brings extensive executive leadership, financial and accounting expertise to the ScanSource Board of Directors. Mr. Nagel served as Executive Chairman of Acuity Brands, Inc. (NYSE: AYI), a public.

ScanSource Announces Appointment of New Board Member

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 2023 results for the period ended June 30, 2023 on Tuesday, August 22, 2023 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, August 22, 2023, at 10:30 a.m. ET. The earnings conference call may be accessed via a liv.

ScanSource to Announce Fourth Quarter and Fiscal Year 2023 Results August 22, 2023

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced a partnership with Logitech, a leading designer of hardware and software solutions that help businesses thrive and bring people together when working, creating, gaming and streaming, to deliver the company's video collaboration and modern workplace solutions. The partnership expands the modern workplace solutions delivered by ScanSource and includes v.

ScanSource Announces Partnership with Logitech

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource (Nasdaq: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the release of its third annual Environmental, Social, and Governance (ESG) Report, highlighting ScanSource's ESG strategy and progress for the 2022 calendar year. The report includes disclosures developed in alignment with the Sustainability Accounting Standards Board (SASB) framework for Multiline and Specialty Retailers & Distributors. Following its.

ScanSource Releases 2022 Environmental, Social, and Governance (ESG) Report

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today provides an operational update following the Company's recent cybersecurity incident. On May 14, 2023, ScanSource discovered it was subject to a ransomware incident that impacted some of its systems. The Company immediately launched its incident response plan. Thanks to the hard work of ScanSource's employees, in conjunction with external cybersecurity and data.

ScanSource Provides Operational Update Following Cybersecurity Incident

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced Steve Jones, Chief Financial Officer will be available for investor meetings at the virtual East Coast IDEAS Investor Conference on Wednesday, June 21, 2023. ScanSource's presentation is scheduled to be available starting at 6:00 am ET on June 21st and will be accessible through the conference website, www.IDEASconferences.com, and in the Investor Relations.

ScanSource to Present Virtually and Host Investor Meetings at the 13th Annual East Coast IDEAS Investor Conference

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, has been recognized by HPE Aruba Networking as its U.S. Distributor of the Year. ScanSource received this award at HPE Aruba Networking's annual conference, Atmosphere '23. ScanSource received recognition for revenue growth, innovative marketing activities and overall commitment and execution of collaborative strategies. This recognition demonstrates ScanSource's spe.

ScanSource Named U.S. Distributor of the Year by HPE Aruba Networking

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced that it was subject to a ransomware attack that has impacted some of its systems. Upon discovering the incident on May 14, 2023, the Company immediately launched an investigation and implemented its Incident Response Plan. ScanSource is actively managing the incident and is taking steps toward remediation. The Company is working closely with forensic.

ScanSource Provides Information on Cybersecurity Incident

ScanSource (SCSC) witnesses a year-over-year improvement in third-quarter fiscal 2023 revenues, driven by growth in networking, security and barcoding. It expects net sales growth of 6.5% in fiscal 2023.

ScanSource (SCSC) Q3 Earnings Beat Estimates, Shares Gain

ScanSource, Inc. (NASDAQ:SCSC ) Q3 2023 Earnings Conference Call May 9, 2023 10:30 AM ET Company Participants Mary Gentry - Senior Vice President of Investor Relations, and Treasurer Michael Baur - Chairman, and Chief Executive Officer Stephen Jones - Chief Financial Officer Conference Call Participants Adam Tyler Tindle - Raymond James Gregory John Burns - Sidoti & Company Jake Norrison - Raymond James Keith Michael Housum - Northcoast Research Partners Matthew Sheerin - Stifel Nicolaus 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 2023 Earnings Call Transcript

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Brandy Ford to Senior Vice President and Chief Accounting Officer. Ford has been with ScanSource for 12 years and brings more than 20 years of experience in finance and accounting to this role. As Chief Accounting Officer, Ford is responsible for developing and leading the Company's global accounting strategy to ensure continued fin.

ScanSource Appoints Chief Accounting Officer

ScanSource (SCSC) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $1.04 per share a year ago.

ScanSource (SCSC) Q3 Earnings and Revenues Top 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, 2023.   Third Quarter Summary   Q3 FY23   Q3 FY22   Change   (in thousands, except per share data) Select reported measures:           Net sales $ 885,519     $ 845,990     4.7% Gross profit $ 111,762     $ 106,508     4.9% Gross profit margin %   12.62 %     12.59 %   3bp Operating income $ 34,2.

ScanSource Third Quarter Results Exceed Expectations

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 2023 results for the period ended March 31, 2023 on Tuesday, May 9, 2023 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, May 9, 2023, at 10:30 a.m. ET.

ScanSource to Announce Third Quarter Fiscal Year 2023 Results May 9, 2023

GREENVILLE, SC--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, announced plans to present at the Sidoti Small-Cap Virtual Investor Conference. Date: Wednesday, March 22, 2023 Time: 9:15 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 presentation.

ScanSource to Present at Sidoti Virtual Investor Conference

GREENVILLE, S.C.--(BUSINESS WIRE)--ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Shana Cochrane Smith as Senior Executive Vice President and Chief Legal Officer. Smith brings more than 20 years of experience in corporate counsel and leadership roles to this position.

ScanSource Announces Appointment of Chief Legal Officer

ScanSource's (SCSC) second-quarter fiscal 2023 top line benefits from strong demand across segments. It expects net sales growth of at least 6.5% in fiscal 2023.

ScanSource (SCSC) Q2 Earnings and Sales Beat Estimates

A modest boost to the growth outlook wasn't enough for Wall Street.

Why ScanSource Stock Was Down This Week

ScanSource, Inc. (NASDAQ:SCSC ) Q2 2023 Earnings Conference Call February 7, 2023 10:30 AM ET Corporate Participants Mary Gentry - Senior Vice President, Treasurer and Investor Relations Mike Baur - Chairman and Chief Executive Officer John Eldh - President Steve Jones - Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Keith Housum - Northcoast Research Jake Norrison - Raymond James Mike Latimore - Northland Capital Markets Arthur Winston - Pilot Advisors 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) Q2 2023 Earnings Call Transcript

ScanSource (SCSC) delivered earnings and revenue surprises of 1.92% and 8.83%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

ScanSource (SCSC) Surpasses Q2 Earnings and Revenue Estimates

ScanSource Delivers Outstanding Second Quarter Performance

News for ScanSource Stock (SCSC)