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.
ScanSource, Inc. (NASDAQ: SCSC) is a hybrid technology distributor connecting devices to the cloud and serving business-to-business electronic markets in the wholesale trade sector. This news page aggregates company announcements, earnings releases and other updates that reflect how ScanSource executes its strategy across hardware, software as a service (SaaS), connectivity and cloud services.
Investors following SCSC news will find regular quarterly and annual results, where ScanSource reports net sales, gross profit, operating income, net income and a range of non-GAAP measures such as Adjusted EBITDA, Adjusted EBITDA margin, non-GAAP net income, non-GAAP diluted EPS, Adjusted ROIC, free cash flow and net debt. These releases often discuss trends in products and services revenue, recurring revenue growth and segment performance for Specialty Technology Solutions and Intelisys & Advisory.
ScanSource news also covers capital allocation and corporate actions, including share repurchase authorizations, completed repurchases and acquisitions that expand recurring revenue and connectivity capabilities. Updates on acquisitions and their contributions to recurring revenue and channel capabilities feature prominently in management commentary.
Another key category of SCSC news is investor relations events, such as announcements of upcoming earnings conference calls and presentations at conferences hosted by firms like Raymond James. These items typically include webcast information and references to investor presentations and earnings infographics.
Company news frequently highlights strategic positioning and recognition, including descriptions of ScanSource as a leading hybrid distributor, its role in converging technology ecosystems, and recognitions such as inclusion on FORTUNE magazine’s List of World’s Most Admired Companies and Best Places to Work in South Carolina lists. Leadership recognition within the technology channel is also reported.
For anyone tracking SCSC, this news feed provides an organized view of ScanSource’s financial performance, strategic initiatives, acquisitions, governance developments and visibility in the technology distribution and channel community.
Intelisys, a ScanSource company, announces an expanded partnership with Cisco, enhancing its offerings by integrating Cisco's Webex portfolio. This is an extension of a successful 14-year collaboration, allowing Intelisys sales partners to provide Cisco's award-winning solutions, including calling, meetings, and messaging. The partnership aims to unlock growth opportunities in unified communications and cloud services, enhancing recurring revenue for agents. Intelisys emphasizes its commitment to support partners in the evolving technology landscape.
ScanSource, Inc. (Nasdaq: SCSC) has appointed Rachel Hayden as Senior Executive Vice President and Chief Information Officer, effective June 7, 2021. She will oversee the global IT strategy and report directly to Chairman and CEO Mike Baur. With significant experience in enterprise-wide IT programs, Hayden previously served as CIO at Just Born, Inc. and held various roles at Berry Plastics. Baur emphasized the importance of strong IT leadership for future growth, highlighting Hayden's expertise in SAP, CRM, and global systems implementation, which aligns with ScanSource’s strategic objectives.
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.
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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.
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