Welcome to our dedicated news page for Scansource (Ticker: SCSC), a resource for investors and traders seeking the latest updates and insights on Scansource.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Scansource's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Scansource's position in the market.
Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) will announce its third-quarter fiscal year 2024 results on May 7, 2024. The earnings conference call will be held at 10:30 a.m. ET on the same day. Investors can access the webcast on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
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Rhea-AI Summary
ScanSource, Inc. (SCSC) to present at Raymond James 45th Annual Institutional Investors Conference with CFO Steve Jones as the presenter. The session will be available via live webcast with a replay option for 30 days. Investors can access the webcast and presentation on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
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Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) reported a 12.5% decrease in net sales for the second quarter ended December 31, 2023. The company's Q2 FY24 net sales were $884.8 million, with a 12.6% decrease in gross profit. Operating income also declined by 32.0%, while GAAP net income and diluted EPS showed an increase of 27.2% and 27.7% respectively. Adjusted EBITDA decreased by 21.2%, and non-GAAP net income and diluted EPS also declined by 19.9% and 19.8% respectively. Despite challenges in industry demand cycles, Intelisys recurring revenue growth and net billings increased, but the company lowered its net sales and adjusted EBITDA outlook for the full fiscal year ending June 30, 2024.
Rhea-AI Impact
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End-of-Day
-5.45%
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News
Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) has been named to FORTUNE’s 2024 list of World’s Most Admired Companies for the eighth consecutive year. The annual survey identifies organizations with the strongest reputations within their industries and across other industries. ScanSource's Chairman and CEO, Mike Baur, expressed pride in the recognition, attributing it to the company's commitment to building strong relationships through transparency and consistency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.92%
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Rhea-AI Summary
ScanSource, Inc. (SCSC) is set to release its second quarter fiscal year 2024 results on February 6, 2024. The earnings conference call will be hosted by ScanSource management to discuss the results. The webcast will be available on the company's website for 60 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.56%
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Rhea-AI Summary
ScanSource, Inc. (SCSC) promotes Robert (Bob) Farbak to Senior Vice President of Sales for Intelisys, where he will lead regional sales and business development teams, drive revenue growth, and develop relationships with partners across the United States. Farbak brings over 14 years of leadership experience, with a 'partner-first' approach and commitment to supporting partners' business development efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.8%
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Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) will present at the Raymond James TMT & Consumer Conference in New York City on Tuesday, December 5, 2023, at 1:40 p.m. Eastern Time. The presenter will be Mike Baur, Chairman and Chief Executive Officer. The live webcast and replay will be available on the company's website for 30 days. An investor presentation for the conference and meetings is also posted on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
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Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) has been named 2023 Americas Distributor Partner of the Year at Cisco Partner Summit 2023. The award recognizes ScanSource’s exceptional growth performance in 2023 and its 'people-plus-digital' approach to business. Partners can leverage the support and expertise of the dedicated Cisco team and digital tools, such as Evolve Cisco Practice Builder and CASCADE, to enable their business with Cisco.
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Rhea-AI Sentiment
End-of-Day
1.13%
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Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) announces retirement of Charles R. Whitchurch from its Board of Directors effective at next Annual Meeting of Shareholders on January 25, 2024. Whitchurch has served as Director since 2009. Chairman and CEO, Mike Baur, expresses gratitude for Whitchurch's financial acuity and knowledge of the channel and corporate governance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.67%
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Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) reports Q1 FY24 financial results with net sales of $876.3 million, down 7.2% YoY. Operating income decreased by 31.0% to $24.1 million. Non-GAAP net income totaled $18.7 million, down 31.2% YoY. Adjusted EBITDA decreased 22.9% to $34.9 million. Operating cash flow and free cash flow for Q1 FY24 were $93.5 million and $91.2 million, respectively. The company updates its FY24 annual outlook with net sales expected to be at least $3.8 billion, adjusted EBITDA at least $170 million, and free cash flow at least $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.67%
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Scansource Inc
Nasdaq:SCSC
SCSC Rankings
SCSC Stock Data
1.07B
24.64M
2.29%
99.98%
2.21%
Business to Business Electronic Markets
Wholesale Trade
United States of America
GREENVILLE
About SCSC
scansource, inc. (nasdaq: scsc) is a leading global provider of technology products and solutions, focusing on point-of-sale, barcode, physical security, video, voice, data networking and technology services. scansource’s teams provide value-added solutions and operate from two segments, worldwide barcode and security and world communications and services. scansource is committed to helping its resellers and sales partners choose, configure, and deliver the industry’s best solutions across almost every vertical market in north america, latin america, and europe. in august 2016, scansource entered the recurring revenue telecom and cloud services market through its acquisition of intelisys, the industry’s leading technology services distributor. founded in 1992, scansource is headquartered in greenville, south carolina and was named one of the 2016 best places to work in south carolina. scansource ranks #685 on the fortune 1000. for more information, please visit www.scansource.com.