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.
Summary not available.
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.
ScanSource (NASDAQ: SCSC) plans to release its first quarter fiscal year 2021 results for the period ended September 30, 2020, on November 9, 2020, at approximately 4:00 p.m. ET. The management will hold an earnings conference call at 5:00 p.m. ET that day. Investors can access the live webcast via the Investor Relations section on ScanSource's website, with a replay available for 60 days thereafter. The company is recognized for providing technology solutions and ranked #654 on the Fortune 1000 list.
ScanSource (NASDAQ: SCSC) announced the appointment of Frank E. Emory, Jr. to its Board of Directors effective October 5, 2020, expanding the Board to nine members. With over 30 years of executive leadership experience, Emory currently serves as Executive Vice President and Chief Administrative Officer for Novant Health. His legal and organizational expertise, alongside his extensive involvement in economic development, is expected to provide valuable insights to ScanSource’s operations. CEO Mike Baur expressed enthusiasm for Emory’s addition to the Board.