Scansource Inc
NASDAQ:SCSC

  • LAST PRICE
    49.8300
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    19.9400/ 2
  • Ask / Lots
    79.2200/ 1
  • Open / Previous Close
    0.0000 / 49.8300
  • Day Range
    ---
  • 52 Week Range
    26.9900
    50.1850
  • Volume
    ---

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  • May 13, 2024

  • May 7, 2024

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    • 10:02AM ET on Tuesday May 07, 2024 by MT Newswires
      Companies Mentioned: SCSC
      10:02 AM EDT, 05/07/2024 (MT Newswires) -- ScanSource (SCSC) reported fiscal Q3 adjusted earnings Tuesday of $0.69 per diluted share, down from $0.96 a year earlier. Three analysts surveyed by Capital IQ expected $0.84. Net sales for the quarter en...

    • 8:34AM ET on Tuesday May 07, 2024 by MT Newswires
      Companies Mentioned: SCSC
      08:34 AM EDT, 05/07/2024 (MT Newswires) -- ...

    • 8:30AM ET on Tuesday May 07, 2024 by Business Wire
      Companies Mentioned: SCSC

      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.

      "While hardware sales were lower than we expected, our resilient business model delivered strong margins and robust free cash flow," said Mike Baur, Chair and CEO, ScanSource, Inc. "Our strong balance sheet gives us the capacity and flexibility to execute our disciplined capital allocation plans."

    • 8:30AM ET on Tuesday May 07, 2024 by Dow Jones
      Companies Mentioned: SCSC
      Consolidated: Net sales, reported $ 752,599 $ 885,519 (15.0)% Foreign exchange impact (a) (3,797) -- Less: Divestitures -- (2,530) ----------- ---------- Non-GAAP net sales $ 748,802 $ 882,989 (15.2)% =========== ========== (a) Year-over-year net sales growth rate excluding the translation impact of changes in foreign currency exchange rates. Calculated by translating the net sales for the quarter ended March 31, 2024 into U.S. dollars using the average foreign exchange rates for the quarter ended March 31, 2023. ScanSource, Inc. and Subsidiaries Supplementary Information (Unaudited) Net Sales by Geography: Quarter ended March 31, ------------------------------------ 2024 2023 % Change ------------------- --------------- ----------- United States and Canada: (in thousands) Net sales, as reported $ 671,246 $ 808,797 (17.0)% =========== ========== International: Net sales, reported $ 81,353 $ 76,722 6.0% Foreign exchange impact(a) (3,797) -- Less: Divestitures -- (2,530) ----------- ---------- Non-GAAP net sales $ 77,556 $ 74,192 4.5% =========== ========== Consolidated: Net sales, reported $ 752,599 $ 885,519 (15.0)% Foreign exchange impact(a) (3,797) -- Less: Divestitures -- (2,530) ----------- ---------- Non-GAAP net sales $ 748,802 $ 882,989 (15.2)% =========== ========== (a) Year-over-year net sales growth rate excluding the translation impact of changes in foreign currency exchange rates. Calculated by translating the net sales for the quarter ended March 31, 2024 into U.S. dollars using the average foreign exchange rates for the quarter ended March 31, 2023. ScanSource, Inc. and Subsidiaries Supplementary Information (Unaudited) (in thousands, except per share data) Non-GAAP Financial Information: Quarter ended March 31, 2024 --------------------------------------------------------------------------------------- Acquisition Intangible & Cyberattack GAAP amortization divestiture Restructuring Tax restoration Non-GAAP Measure expense costs costs recovery costs measure ------- ------------ ----------- ------------- -------- ----------- ------------ (in thousands, except per share data) SG&A expenses $66,574 $-- $(511) $(3,923) $515 $(93) $62,562 Operating income 17,542 3,752 511 3,923 (515) 93 25,306 Pre-tax income 17,952 3,752 511 3,923 (515) 93 25,716 Net income 12,806 2,788 511 2,935 (1,648) 69 17,461 Diluted EPS $0.50 $0.11 $0.02 $0.12 $(0.06) $-- $0.69 Quarter ended March 31, 2023 --------------------------------------------------------------------------------------- Acquisition Intangible & Cyberattack GAAP amortization divestiture Restructuring Tax restoration Non-GAAP Measure expense costs costs recovery costs measure ------- ------------ ----------- ------------- -------- ----------- ------------ (in thousands, except per share data) SG&A expense $70,669 $-- $-- $-- $-- $-- $70,669 Operating income 34,279 4,170 -- -- -- -- 38,449 Pre-tax income 29,913 4,170 -- -- -- -- 34,083 Net income 21,221 3,109 -- -- -- -- 24,330 Diluted EPS $0.83 $0.12 $-- $-- $-- $-- $0.96 (a) Reflects gain on the sale of the UK-based intY business. This transaction resulted in a capital loss for tax purposes. ScanSource did not record a tax provision on the capital loss since there were no offsetting capital gains.

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