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Scansource Inc - SCSC STOCK NEWS

Welcome to our dedicated page for Scansource news (Ticker: SCSC), a resource for investors and traders seeking the latest updates and insights on Scansource stock.

ScanSource, Inc. (NASDAQ: SCSC) stands as a prominent global provider of advanced technology products and solutions. The company specializes in a wide array of sectors including point-of-sale, barcode, physical security, video, voice, data networking, and comprehensive technology services. Since its foundation in 1992, ScanSource has been dedicated to delivering exceptional value-added solutions, tailored to meet the intricate needs of businesses across diverse vertical markets in North America, Latin America, and Europe.

Operating from two main segments—Worldwide Barcode & Security and World Communications & Services—ScanSource ensures optimal support for its resellers and sales partners. The Worldwide Barcode & Security segment encompasses the company's expertise in mobility, barcode, POS, payments, security, and networking technologies. The World Communications & Services segment, strengthened by the acquisition of Intelisys in August 2016, pioneers in the recurring revenue telecom and cloud services market, positioning ScanSource as a leader in technology services distribution.

Headquartered in Greenville, South Carolina, ScanSource prides itself on fostering a collaborative and innovative work environment, recognized as one of the Best Places to Work in South Carolina in 2016. The company's commitment to excellence is further evidenced by its rank at #685 on the Fortune 1000 list.

Financially, ScanSource generates a significant portion of its revenue from the United States, primarily from its Specialty Technology Solutions segment. The company's strategic partnerships and robust service offerings enable it to maintain a competitive edge in the specialty technology markets.

For more detailed and up-to-date information about ScanSource, including their latest achievements and ongoing projects, please visit their official website at www.scansource.com.

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Intelisys, a ScanSource company, announced the appointment of Eddie Acosta as Vice President of Sales, Central Region. Acosta brings over 20 years of experience in cloud-based technology services. His role involves leading the central region sales team and driving strategy, account management, and business development.

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ScanSource, Inc. (NASDAQ: SCSC) will announce its third-quarter fiscal year 2024 results on May 7, 2024. The earnings conference call will be held at 10:30 a.m. ET on the same day. Investors can access the webcast on the company's website.
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ScanSource, Inc. (SCSC) to present at Raymond James 45th Annual Institutional Investors Conference with CFO Steve Jones as the presenter. The session will be available via live webcast with a replay option for 30 days. Investors can access the webcast and presentation on the company's website.
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ScanSource, Inc. (NASDAQ: SCSC) reported a 12.5% decrease in net sales for the second quarter ended December 31, 2023. The company's Q2 FY24 net sales were $884.8 million, with a 12.6% decrease in gross profit. Operating income also declined by 32.0%, while GAAP net income and diluted EPS showed an increase of 27.2% and 27.7% respectively. Adjusted EBITDA decreased by 21.2%, and non-GAAP net income and diluted EPS also declined by 19.9% and 19.8% respectively. Despite challenges in industry demand cycles, Intelisys recurring revenue growth and net billings increased, but the company lowered its net sales and adjusted EBITDA outlook for the full fiscal year ending June 30, 2024.
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ScanSource, Inc. (NASDAQ: SCSC) has been named to FORTUNE’s 2024 list of World’s Most Admired Companies for the eighth consecutive year. The annual survey identifies organizations with the strongest reputations within their industries and across other industries. ScanSource's Chairman and CEO, Mike Baur, expressed pride in the recognition, attributing it to the company's commitment to building strong relationships through transparency and consistency.
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ScanSource, Inc. (SCSC) is set to release its second quarter fiscal year 2024 results on February 6, 2024. The earnings conference call will be hosted by ScanSource management to discuss the results. The webcast will be available on the company's website for 60 days.
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ScanSource, Inc. (SCSC) promotes Robert (Bob) Farbak to Senior Vice President of Sales for Intelisys, where he will lead regional sales and business development teams, drive revenue growth, and develop relationships with partners across the United States. Farbak brings over 14 years of leadership experience, with a 'partner-first' approach and commitment to supporting partners' business development efforts.
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ScanSource, Inc. (NASDAQ: SCSC) will present at the Raymond James TMT & Consumer Conference in New York City on Tuesday, December 5, 2023, at 1:40 p.m. Eastern Time. The presenter will be Mike Baur, Chairman and Chief Executive Officer. The live webcast and replay will be available on the company's website for 30 days. An investor presentation for the conference and meetings is also posted on the website.
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ScanSource, Inc. (NASDAQ: SCSC) has been named 2023 Americas Distributor Partner of the Year at Cisco Partner Summit 2023. The award recognizes ScanSource’s exceptional growth performance in 2023 and its 'people-plus-digital' approach to business. Partners can leverage the support and expertise of the dedicated Cisco team and digital tools, such as Evolve Cisco Practice Builder and CASCADE, to enable their business with Cisco.
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ScanSource, Inc. (NASDAQ: SCSC) announces retirement of Charles R. Whitchurch from its Board of Directors effective at next Annual Meeting of Shareholders on January 25, 2024. Whitchurch has served as Director since 2009. Chairman and CEO, Mike Baur, expresses gratitude for Whitchurch's financial acuity and knowledge of the channel and corporate governance.
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FAQ

What is the current stock price of Scansource (SCSC)?

The current stock price of Scansource (SCSC) is $49.14 as of November 20, 2024.

What is the market cap of Scansource (SCSC)?

The market cap of Scansource (SCSC) is approximately 1.2B.

What does ScanSource, Inc. specialize in?

ScanSource, Inc. specializes in technology products and solutions, focusing on point-of-sale, barcode, physical security, video, voice, data networking, and technology services.

When was ScanSource founded?

ScanSource was founded in 1992.

What was a significant acquisition by ScanSource in 2016?

In 2016, ScanSource acquired Intelisys, a leading technology services distributor.

Where is ScanSource headquartered?

ScanSource is headquartered in Greenville, South Carolina.

What are the two main segments of ScanSource's operations?

ScanSource operates through two main segments: Worldwide Barcode & Security and World Communications & Services.

Which segment generates the most revenue for ScanSource?

The Specialty Technology Solutions segment generates the most revenue for ScanSource.

In which markets does ScanSource operate?

ScanSource operates in North America, Latin America, and Europe.

What recognition did ScanSource receive in 2016?

ScanSource was named one of the Best Places to Work in South Carolina in 2016.

What is ScanSource's rank on the Fortune 1000 list?

ScanSource ranks #685 on the Fortune 1000 list.

How can I find more information about ScanSource?

You can find more information about ScanSource by visiting their official website at www.scansource.com.

Scansource Inc

Nasdaq:SCSC

SCSC Rankings

SCSC Stock Data

1.16B
21.84M
8.32%
105.02%
7.31%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States of America
GREENVILLE