Scansource Inc - SCSC STOCK NEWS

ScanSource, Inc. (NASDAQ: SCSC) announced plans to release its third quarter fiscal year 2023 results for the period ended March 31, 2023, on May 9, 2023, at approximately 8:30 a.m. ET. The company will host an earnings conference call on the same day at 10:30 a.m. ET, accessible via a live webcast on its Investor Relations website. ScanSource is recognized as a leading hybrid distributor that connects devices to the cloud, offering solutions across hardware, software, connectivity, and cloud services. Founded in 1992 and based in Greenville, South Carolina, it has been named one of South Carolina's Best Places to Work and ranks #773 on the Fortune 1000 list. For more information, visit www.scansource.com.

ScanSource, Inc. (NASDAQ: SCSC), a leader in hybrid distribution, will present at the Sidoti Small-Cap Virtual Investor Conference on March 22, 2023, at 9:15 a.m. Eastern Time. The presentation will be led by Steve Jones, Chief Financial Officer. Investors can access the live webcast and a 30-day replay through the ScanSource Investor Relations section. The company is recognized for its innovative solutions connecting devices to the cloud, contributing to growth across hardware and SaaS. Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource ranks #773 on the Fortune 1000 list.

ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor that connects devices to the cloud, is set to present at the Raymond James 44th Annual Institutional Investors Conference in Orlando, Florida. The presentation will occur on March 8, 2023, at 9:15 a.m. Eastern Time, led by Steve Jones, Chief Financial Officer. The session will be accessible via a live webcast, with a replay available for 30 days after the event. Interested investors can find more details on the ScanSource website.

ScanSource, Inc. (NASDAQ: SCSC) has appointed Shana Cochrane Smith as Senior Executive Vice President and Chief Legal Officer. With over 20 years of experience in corporate law, Smith will oversee the company's global legal strategy and compliance. Previously, she served as General Counsel for NII Holdings and corporate counsel for Sprint Nextel, advising on legal matters including mergers and finance. Chairman and CEO Mike Baur emphasized her valuable experience in governance and compliance, which aligns with ScanSource’s growth objectives.

ScanSource, Inc. (SCSC) reported a 17% increase in net sales for Q2 FY23, reaching $1.01 billion, alongside a 7.1% rise in gross profit to $115.3 million. Operating income surged 25.2% to $39.4 million, while GAAP net income rose 11.2% to $25.7 million, leading to a diluted EPS of $1.01. The company also reported a 14.7% growth in Adjusted EBITDA, totaling $48.8 million. ScanSource has raised its full fiscal year 2023 outlook, now forecasting net sales growth of at least 6.5% and Adjusted EBITDA of at least $176 million.