Scansource Inc - SCSC STOCK NEWS

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.

ScanSource (NASDAQ: SCSC), a hybrid distributor connecting devices to the cloud, will release its second quarter fiscal 2022 results on February 8, 2022, at 4:00 p.m. ET. The results will cover the period ending December 31, 2021. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. ET, accessible via a live Internet webcast through ScanSource's Investor Relations page. With a strong focus on hardware, software, connectivity, and cloud services, ScanSource aims to accelerate growth for its partners in various market segments.

ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor, announced that its CEO Mike Baur and CFO Steve Jones will participate in a virtual Q&A session at the Raymond James 2021 Technology Investors Conference on December 7, 2021, at 2:10 p.m. ET. The session will be available via a live webcast, with a replay accessible for 30 days. Interested participants can find more details on ScanSource's Investor Relations page. Founded in 1992 and based in Greenville, South Carolina, ScanSource connects devices to the cloud.

ScanSource reported a strong first quarter for fiscal year 2022, achieving net sales of $857.3 million, a 13.2% year-over-year increase. Gross profit rose 25.4% to $101.3 million, boosting the gross profit margin to 11.8%. Operating income surged to $30.3 million compared to $1.6 million in the previous year. GAAP net income was $22.1 million or $0.86 per diluted share, a significant improvement from a loss of $0.1 million. The company maintains an annual outlook of at least 5.5% net sales growth for fiscal year 2022.

Semafone has appointed three new board members, aiming to enhance operational and commercial strategies. Carlos Sartorius takes on the role of Chairman, while Denise Parker and Michael Sterl join as Non-Executive Directors. Their backgrounds in high-growth organizations are expected to strengthen Semafone’s market approach and customer base expansion. Sartorius brings substantial IT security knowledge, Parker offers fintech expertise, and Sterl contributes insights from the contact center sector. This leadership change aligns with Semafone's objectives for strategic growth and improved market presence.

ScanSource, Inc. (NASDAQ: SCSC) announced plans to release its first quarter fiscal year 2022 results on November 9, 2021, at 4:00 p.m. ET. The earnings conference call will follow at 5:00 p.m. ET the same day, accessible via a live Internet webcast. ScanSource connects businesses with technology solutions across various sectors, offering products from leading suppliers in areas like POS and cloud services. The company was recognized in 2021 as one of South Carolina’s Best Places to Work and ranks #655 on Fortune 1000.

ScanSource (NASDAQ: SCSC) reported a robust fourth quarter for fiscal year 2021, with net sales reaching $852.7 million, representing a 34% increase year-over-year. The gross profit also increased by 29% to $95.8 million. Non-GAAP operating income surged 245% year-over-year to $28.4 million, while net income from continuing operations amounted to $20.7 million, or $0.80 per diluted share. The company announced a new $100 million share repurchase authorization and projected at least 5.5% growth in net sales for FY22.