Scansource - SCSC STOCK NEWS

ScanSource (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, has achieved a significant milestone by being named to Fortune Magazine's 2025 World's Most Admired Companies list for the ninth consecutive year. This prestigious recognition is based on a comprehensive survey conducted among thousands of senior executives, directors, and financial analysts from over 600 global companies.

Mike Baur, Chair and CEO of ScanSource, attributed the company's 30+ years of success to its people, culture, and commitment to building consistent, trusted, and transparent partner relationships. The recognition process, established in 1997 through a partnership between Fortune and Korn Ferry, evaluates companies based on their corporate reputation through surveys of top executives, directors, and financial analysts.

ScanSource (NASDAQ: SCSC) reported Q2 FY25 financial results with mixed performance. Net sales decreased 15.5% year-over-year to $747.5 million, while gross profit increased 1.0% to $101.7 million. The company's gross profit margin improved to 13.6% from 11.4% in the prior year.

Notable highlights include a 31.2% increase in recurring revenue, though product and services sales declined 17.0%. Specialty Technology Solutions saw a 16.0% decrease in sales to $723.3 million, while Intelisys & Advisory sales grew 4.0% to $24.2 million. GAAP net income was $17.1 million ($0.70 per diluted share), down from $32.7 million ($1.29 per diluted share) year-over-year.

The company maintains its FY25 guidance with projected net sales of $3.1-3.5 billion and Adjusted EBITDA of $140-160 million.

ScanSource, a leading hybrid distributor connecting devices to the cloud, has announced plans to release its second quarter fiscal year 2025 results on January 30, 2025. The results will cover the period ended December 31, 2024, and will be made available at approximately 8:30 a.m. ET.

Additionally, ScanSource management will host an earnings conference call to discuss these results on the same day at 10:30 a.m. ET. The call will be accessible via a live Internet webcast on the Investor Relations section of the company’s website, www.scansource.com. A replay of the webcast will be available on the website for 60 days.

ScanSource (NASDAQ: SCSC), a hybrid distributor connecting devices to the cloud, has announced its participation in the Raymond James TMT and Consumer Conference in New York. CEO Mike Baur will present on Tuesday, December 10, 2024, at 1:40 p.m. ET.

The presentation will be accessible through a live webcast, with a replay available for 30 days after the event. Interested parties can access both the live presentation and replay through the Investor Relations section of ScanSource's website. The company has also posted an investor presentation that will be used during the conference and investor meetings on their website.

Intelisys, a ScanSource (NASDAQ: SCSC) company, announces the rebranding of intY US as Channel Exchange, enhancing its SaaS marketplace platform. The new platform, launching December 9, 2024, offers partners streamlined sales processes and a curated catalog of SaaS technology solutions. Key features include automated quoting, click-to-purchase licensing, real-time reporting, subscription management, and white-label storefronts. The platform aims to help partners identify solutions for end customers' needs and expand their service capabilities.

ScanSource (NASDAQ: SCSC) reported Q1 FY25 financial results with mixed performance. Net sales decreased 11.5% year-over-year to $775.6 million, while GAAP net income increased 10% to $16.97 million. The company achieved GAAP diluted EPS of $0.69, up 13.1% from the prior year. Notable highlights include strong free cash flow generation of $42.5 million and an 18.8% increase in recurring revenue. The company completed two strategic acquisitions: Resourcive and Advantix. Despite soft demand in the technology spending environment, ScanSource reaffirmed its FY25 guidance with projected net sales of $3.1-3.5 billion and adjusted EBITDA of $140-160 million.

ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, has announced plans to release its first quarter fiscal year 2025 results on Thursday, November 7, 2024 at approximately 8:30 a.m. ET. The results will cover the period ended September 30, 2024.

Following the release, ScanSource management will host an earnings conference call at 10:30 a.m. ET on the same day to discuss the results. Investors and interested parties can access the call via a live Internet webcast in the Investor Relations section of ScanSource's website, www.scansource.com. For those unable to attend the live call, a replay of the webcast will be available on the company's website for 60 days.

ScanSource, Inc. (NASDAQ: SCSC), a hybrid distributor connecting devices to the cloud, has released its fiscal year 2024 Corporate Citizenship Report. The report highlights the company's environmental, social, and governance (ESG) strategy and progress, aligning with the Sustainability Accounting Standards Board (SASB) framework. Key focus areas include business ethics, diversity, equity and inclusion (DE&I), data security, and employee engagement. ScanSource expanded its DE&I program, supported over 70 nonprofits, and implemented sustainability initiatives. The report also includes estimates for Scope 1 and 2 Greenhouse Gas emissions and outlines waste reduction and energy management efforts.

ScanSource, Inc. (NASDAQ: SCSC) reported financial results for Q4 and fiscal year 2024. Key highlights:

- Q4 net sales decreased 21.2% to $746.1 million
- Q4 GAAP net income fell 5.8% to $16.1 million
- FY2024 net sales decreased 13.9% to $3.26 billion
- FY2024 GAAP net income decreased 12.5% to $77.1 million
- Strong cash flow: $371.6 million operating cash flow for FY2024
- Acquired Resourcive and Advantix in August 2024
- FY2025 outlook: Net sales $3.1-$3.5 billion, Adjusted EBITDA $140-$160 million

Despite softer demand, ScanSource achieved strong margins and robust cash flow. The company is executing on its capital allocation plan through strategic acquisitions and share repurchases.