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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.

News
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ScanSource, Inc. (NASDAQ: SCSC) reports Q1 FY24 financial results with net sales of $876.3 million, down 7.2% YoY. Operating income decreased by 31.0% to $24.1 million. Non-GAAP net income totaled $18.7 million, down 31.2% YoY. Adjusted EBITDA decreased 22.9% to $34.9 million. Operating cash flow and free cash flow for Q1 FY24 were $93.5 million and $91.2 million, respectively. The company updates its FY24 annual outlook with net sales expected to be at least $3.8 billion, adjusted EBITDA at least $170 million, and free cash flow at least $200 million.
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ScanSource, Inc. plans to release its first quarter fiscal year 2024 results on November 9, 2023. An earnings conference call will be held to discuss the results.
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Advantix named top mobility supplier by Intelisys
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Peter Browning of ScanSource, Inc. has been recognized with the 2023 Kenneth West Lifetime Achievement Award for exceptional achievements in corporate governance. He has extensive experience in business and has served on more than 14 public company boards. His leadership and expertise have been instrumental to ScanSource.
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ScanSource, Inc. reports Q4 FY23 financial results with a decrease in net sales of 1.6% year-over-year and a decrease in gross profit of 1.9% year-over-year. Adjusted EBITDA increases by 3.9% to $40.2 million. Full-year net sales increase by 7.3% to $3.8 billion. FY24 annual outlook includes at least 3% net sales growth, at least $180 million Adjusted EBITDA, and at least $150 million in free cash flow.
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Vernon Nagel appointed to ScanSource Board of Directors
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ScanSource, Inc. (NASDAQ: SCSC) will release its fourth quarter and fiscal year 2023 results on August 22, 2023. The earnings conference call will take place at 10:30 a.m. ET on the same day and can be accessed via a live webcast on ScanSource's website. A replay of the webcast will be available for 60 days.
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FAQ

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

The current stock price of Scansource (SCSC) is $49.89 as of November 21, 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

1.20B
21.84M
8.32%
105.02%
7.31%
Electronics & Computer Distribution
Wholesale-computers & Peripheral Equipment & Software
Link
United States of America
GREENVILLE