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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.
ScanSource reported strong financial results for Q4 and FY22, with net sales of $962.3 million, up 12.9% year-over-year, and net income of $19.9 million, slightly down by 3.4%. For FY22, net sales reached $3.53 billion, increasing 12%, and GAAP diluted EPS rose to $3.44, a 93.3% increase. The company expects FY23 net sales growth of at least 5.5% and adjusted EBITDA of at least $174 million. Overall, the results reflect strong demand and improved profitability.
ScanSource, Inc. (NASDAQ: SCSC) announced it will release Q4 and fiscal year 2022 results on August 23, 2022, at approximately 4:00 p.m. ET. An earnings conference call will follow at 5:00 p.m. ET, accessible via webcast on the company’s website. ScanSource is a hybrid distributor focused on connecting devices to the cloud, with offerings in hardware, software, connectivity, and cloud services. The company ranks #773 on the Fortune 1000 and was recognized as one of South Carolina's Best Places to Work.
ScanSource, Inc. (NASDAQ: SCSC) appointed Alex Conde as Chief People Officer to lead its global People & Culture team. Conde, previously President of ScanSource Brazil, aims to enhance talent strategies and cultivate a strong workplace culture. The company, recognized as one of the best places to work in South Carolina for seven consecutive years, will implement a ‘Productivity Anywhere’ initiative to support employee development. Additionally, Paulo Roberto was promoted to President of ScanSource Brazil, focusing on growth and operational success.
ScanSource, Inc. (NASDAQ: SCSC) will participate in the virtual East Coast IDEAS Investor Conference on June 22, 2022. Chief Financial Officer Steve Jones and President John Eldh will represent the company. The investor presentation becomes available at 6:00 am ET on the same day through the conference website and ScanSource’s Investor Relations page. ScanSource is recognized for its role as a hybrid distributor, connecting devices to the cloud and supporting partners in hardware and SaaS solutions. The company has earned accolades including a spot on FORTUNE's 2022 Most Admired Companies list.
ScanSource, a leading hybrid distributor, reported strong Q3 2022 results with net sales of $846 million, reflecting a 15.9% increase year-over-year. Gross profit rose 20.9% to $106.5 million, with a gross profit margin of 12.6%. Operating income surged 69.4% to $32.9 million, and GAAP net income reached $23.5 million ($0.91 per share), a 70.7% increase from the previous year. The company raised its FY22 outlook, expecting at least 10% net sales growth and adjusted EBITDA of at least $165 million. The adjusted return on invested capital improved to 18.0%.
ScanSource (NASDAQ: SCSC) announces it will release third quarter fiscal 2022 results for the period ended March 31, 2022, on May 10, 2022, at approximately 4:00 p.m. ET. The management will also host an earnings conference call that day at 5:00 p.m. ET. Investors can access the call via a live Internet webcast on www.scansource.com, with a replay available for 60 days following the event. The company, based in Greenville, SC, specializes in connecting devices to the cloud.
On April 13, 2022, Intermedia Cloud Communications announced a partnership with Intelisys, a ScanSource company, to enhance the accessibility of its UCaaS and CCaaS solutions. This collaboration enables Intelisys' sales partners to offer Intermedia's services through flexible partner programs, allowing partners to tailor their offerings to customer needs. The partnership aims to expand Intermedia's partner network significantly while simplifying partner operations by providing an all-in-one cloud communications platform. The CORE™ model enhances revenue potential for partners, while the Advisor program ensures recurring commissions and streamlined support.
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