ScanSource, Inc. reports news around its role as a technology distributor serving channel partners across hardware, software as a service, connectivity and cloud services. Company updates commonly cover quarterly financial results, GAAP and non-GAAP performance measures, recurring revenue, free cash flow outlook, and activity in Specialty Technology Solutions and Intelisys & Advisory.
Recurring announcements also address channel strategy, converged communications and customer experience offerings, supplier and partner initiatives, investor conference participation, and leadership appointments. The business is tied to specialty technologies including mobility and barcode, point-of-sale, payments, security, networking, unified communications and cloud connectivity.
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.