Scansource - SCSC STOCK NEWS

ScanSource, Inc. (SCSC) reported its third-quarter financial results for the period ending March 31, 2021. Net sales reached $729.9 million, a 2% decline year-over-year, although organic growth remained flat. The gross profit improved by 4% to $88.1 million. GAAP operating income surged 87% to $19.4 million, while non-GAAP operating income rose 70% to $25.1 million. Net income increased to $13.8 million, or $0.54 per diluted share. The company maintained a strong cash position with $49.3 million and reduced debt to $198.9 million.

ScanSource, Inc. (NASDAQ: SCSC) has announced the release date for its third quarter fiscal year 2021 results, set for May 10, 2021, at approximately 4:00 p.m. ET. The earnings conference call will follow the results announcement at 5:00 p.m. ET, accessible via the company’s Investor Relations website. ScanSource specializes in technology solutions and has been recognized for its workplace environment and industry reputation, ranking #654 on the Fortune 1000 and included in FORTUNE's list of admired companies.

ScanSource, Inc. (NASDAQ: SCSC) announced that CFO Steve Jones will present at the Sidoti Spring 2021 Virtual Investor Conference on March 25, 2021, at 8:30 a.m. ET. The session will be available via a live webcast, with a replay accessible for 30 days post-event. Interested parties can visit www.scansource.com for more details. ScanSource, a technology solution provider, offers various products and solutions across multiple markets and has been recognized as one of the Best Places to Work in South Carolina.

ScanSource (NASDAQ: SCSC) has announced that CFO Steve Jones will present at the Raymond James 42nd Annual Institutional Investors Conference on March 2, 2021, at 2:10 p.m. ET. The event will be held virtually and the session will be accessible via a live webcast. A recording will be available for 30 days after the live event. The investor presentation for this conference can be found on the ScanSource Investor Relations website. Founded in 1992, ScanSource connects businesses with technology solutions and is recognized as one of the Best Places to Work in South Carolina.

ScanSource, Inc. (NASDAQ: SCSC) reported its second-quarter financial results for fiscal year 2021, revealing net sales of $810.9 million, a decrease of 2% year-over-year, but a 2% increase in organic growth. Gross profit fell by 12%, with GAAP operating income of $17.1 million. Net income was $11.1 million, with diluted EPS at $0.43. The company managed to generate $44.4 million in operating cash flow. ScanSource's strategic divestitures and focus on higher-margin businesses remain pivotal amid ongoing recovery from the COVID-19 pandemic.

ScanSource, Inc. (NASDAQ: SCSC) is set to announce its second quarter fiscal year 2021 results on February 2, 2021, at 4:00 p.m. ET. Following the release, a conference call will be held at 5:00 p.m. ET for management to discuss these results. This quarterly report covers the period ending December 31, 2020. Investors can access the live webcast and a future replay on the company's website. ScanSource, a leader in technology solutions, connects businesses through various routes-to-market, serving diverse sectors.

ScanSource, Inc. (NASDAQ: SCSC) has announced that its CEO Mike Baur will participate in a virtual Q&A session during the Raymond James 2020 Technology Investors Conference on December 8, 2020, at 1:20 p.m. ET. The live session will be webcast, with a replay available for 30 days afterwards. Interested investors can access the webcast through the Investor Relations section of the ScanSource website, where an investor presentation will also be available. Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource specializes in technology solutions across various markets.