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.
Overview of ScanSource Inc
ScanSource Inc (SCSC) is a global provider of technology products and solutions that expertly bridges the gap between technology manufacturers and reseller partners. With a focus on advanced point-of-sale, barcode, physical security, video, voice, and data networking systems, the company offers a robust portfolio designed to meet the evolving needs of a diverse array of vertical markets.
Business Segments and Core Operations
The company’s operations are organized into two primary segments. The Specialty Technology Solutions segment encompasses its core expertise in mobility, barcode systems, point-of-sale technologies, payment solutions, security systems, and networking technologies. This segment is integral to its ability to deliver high-value, customized solutions to its reseller network, ensuring that partners have access to industry-best practices and technologies.
The second segment, known as Modern Communications and Cloud, highlights the company’s strategic expansion into recurring revenue areas through telecom and cloud services. This move, supported by the strategic acquisition of a leading technology services distributor, marks a shift into integrated, value-added services that complement its traditional hardware and software offerings.
Market and Geographic Presence
ScanSource operates in key markets across North America, Latin America, and Europe, with the majority of its revenue derived from the United States. This broad geographic footprint is supported by a robust network of partners and resellers, ensuring that its solutions are tailored to meet the unique demands of each regional market. The company serves a wide variety of industries, emphasizing customized technology solutions that drive operational efficiency and competitive advantage.
Value-Added Services and Strategic Partnerships
Integral to ScanSource’s business model is its commitment to providing value-added services. By offering comprehensive support that includes product configuration, technical consultation, and logistics, the company enables its resellers to deliver optimized solutions to end-users. This support creates a seamless integration of technology products into diverse business environments, enhancing operational efficiency and customer satisfaction.
- Customized Solutions: ScanSource works closely with partners to identify the optimal mix of technology solutions that address specific industry challenges.
- Technical Expertise: The company benefits from a deep reservoir of technical knowledge and industry insights that inform its product offerings and support services.
- Integrated Service Delivery: Through its dual-segment structure, ScanSource provides a blend of hardware and cloud-based services that reinforce its market position.
Industry Position and Competitive Landscape
Within a fiercely competitive technology market, ScanSource has positioned itself as a trusted intermediary for technology manufacturers and resellers. Its balanced approach—combining specialized technology solutions with modern communications and cloud services—sets it apart from competitors. The company’s strategic emphasis on comprehensive service delivery and technology expertise supports its role as a reliable, unbiased source for cutting-edge technological integration.
Expertise, Experience, and Trustworthiness
Adhering to the highest standards of Expertise, Experience, Authoritativeness, and Trustworthiness (E-E-A-T), ScanSource leverages over two decades of industry experience to provide informed, data-driven solutions. Its deep understanding of technology trends and industry challenges is reflected in every facet of its business operations. This expertise not only drives innovation but also enhances the overall quality and reliability of the services offered to its partners and clients.
Detailed Business Model Insights
ScanSource’s business model is particularly notable for its focus on both hardware and service domains. On one hand, the company offers essential technology hardware such as point-of-sale systems, barcode readers, and physical security devices, which are critical to retail, logistics, and security industries. On the other hand, its modern approach to communications and cloud services ensures that clients benefit from scalable, recurring revenue models that provide stability and flexibility. This dual focus creates a resilient business architecture well-suited to meet the demands of rapidly evolving technological landscapes.
Comprehensive Support to Reseller Ecosystem
A hallmark of ScanSource’s operations is its robust support system for resellers. The company offers in-depth technical training, marketing support, and logistical expertise to help resellers deliver superior solutions to a wide range of end-users. By ensuring that their partners are well-equipped to handle product configuration, selection, and integration, ScanSource reinforces a competitive network that consistently delivers on quality and service efficiency.
Conclusion
In summary, ScanSource Inc stands as a multifaceted technology solutions provider with a clear focus on maintaining a competitive edge through its dual-segment business model. Its unwavering commitment to assisting resellers, meticulous integration of hardware and cloud services, and expansive geographic reach have solidified its role as a dependable and highly knowledgeable entity within the technology and communications landscape. The company not only connects technology manufacturers with specialized markets but also continuously adapts to deliver comprehensive, value-added services that underpin operational success across various sectors.
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.
ScanSource (NASDAQ: SCSC) announced its participation in the Sidoti Spring 2022 Virtual Investor Conference on March 24, 2022, at 11:30 a.m. Eastern Time. Presenters include CFO Steve Jones and President John Eldh. The session will be accessible via a live webcast, with a replay available for 30 days post-event. Investors can access the presentation materials on the ScanSource website.
ScanSource is a hybrid distributor that connects devices to the cloud and facilitates growth for its partners across various sectors.
ScanSource, Inc. (NASDAQ: SCSC) announced its participation at the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, at 11:35 a.m. Eastern Time in Orlando, Florida. Presenters will include Steve Jones, Chief Financial Officer, and John Eldh, President. A live webcast will be available during the session, with a replay accessible for 30 days afterward. An investor presentation will also be posted on the ScanSource website's Investor Relations section.
ScanSource connects devices to the cloud, fostering growth for partners across hardware and cloud services.
ScanSource, Inc. (NASDAQ: SCSC) has appointed John Eldh as the new President, succeeding Mike Baur. Eldh aims to enhance the company's hybrid distribution strategy, connecting devices to the cloud while driving growth across hardware, SaaS, and cloud services. Previously, Eldh served as Chief Revenue Officer since October 2019, focusing on channel-centric executives to lead global device and cloud businesses. Baur praised Eldh’s vision and leadership, emphasizing the potential for profitable growth. ScanSource is recognized for its innovative distribution strategies and was listed among the Best Places to Work in South Carolina.
ScanSource (NASDAQ: SCSC) reported strong second-quarter results for fiscal year 2022, with net sales of $864.4 million, a 6.6% increase year-over-year. Gross profit rose 25.4% to $107.9 million, boosting gross profit margin to 12.5%. Operating income surged 83.9% to $31.5 million, resulting in a GAAP net income of $23.2 million, or $0.89 per diluted share. The company also raised its full-year outlook for net sales growth to at least 7% and adjusted EBITDA to at least $148 million. Additionally, ScanSource was named to FORTUNE's 2022 list of World's Most Admired Companies for the sixth consecutive year.
FAQ
What is the current stock price of Scansource (SCSC)?
What is the market cap of Scansource (SCSC)?
What core products and services does ScanSource offer?
How is ScanSource organized in terms of business segments?
What markets does ScanSource primarily serve?
How does ScanSource support its reseller and partner network?
What differentiates ScanSource from its competitors?
How does the acquisition in the cloud services space enhance ScanSource's offerings?
Can you explain the company's emphasis on E-E-A-T principles?
How does ScanSource maintain its competitive position in the technology market?
