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ScanSource, Inc. - $SCSC STOCK NEWS

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.

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.

News
ScanSource Announces Retirement of Charles R. Whitchurch from Board of Directors
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%
Tags
management
-
News
ScanSource Reports First Quarter Results
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%
Tags
earnings
-
News
ScanSource to Announce First Quarter Fiscal Year 2024 Results November 9, 2023
Rhea-AI Summary
ScanSource, Inc. plans to release its first quarter fiscal year 2024 results on November 9, 2023. An earnings conference call will be held to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.23%
Tags
earnings
News
Intelisys Honors Advantix as Top Mobility Supplier
Rhea-AI Summary
Advantix named top mobility supplier by Intelisys
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
-
News
ScanSource Board Member Peter Browning Recognized with NACD Lifetime Achievement Award
Rhea-AI Summary
Peter Browning of ScanSource, Inc. has been recognized with the 2023 Kenneth West Lifetime Achievement Award for exceptional achievements in corporate governance. He has extensive experience in business and has served on more than 14 public company boards. His leadership and expertise have been instrumental to ScanSource.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.06%
Tags
management
-
News
ScanSource Reports Fourth Quarter and Full-year Results
Rhea-AI Summary
ScanSource, Inc. reports Q4 FY23 financial results with a decrease in net sales of 1.6% year-over-year and a decrease in gross profit of 1.9% year-over-year. Adjusted EBITDA increases by 3.9% to $40.2 million. Full-year net sales increase by 7.3% to $3.8 billion. FY24 annual outlook includes at least 3% net sales growth, at least $180 million Adjusted EBITDA, and at least $150 million in free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.8%
Tags
none
News
ScanSource Announces Appointment of New Board Member
Rhea-AI Summary
Vernon Nagel appointed to ScanSource Board of Directors
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
management
-
News
ScanSource to Announce Fourth Quarter and Fiscal Year 2023 Results August 22, 2023
Rhea-AI Summary
ScanSource, Inc. (NASDAQ: SCSC) will release its fourth quarter and fiscal year 2023 results on August 22, 2023. The earnings conference call will take place at 10:30 a.m. ET on the same day and can be accessed via a live webcast on ScanSource's website. A replay of the webcast will be available for 60 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.3%
Tags
earnings
-
News
ScanSource Announces Partnership with Logitech
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.88%
Tags
partnership
News
ScanSource Releases 2022 Environmental, Social, and Governance (ESG) Report
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.74%
Tags
none
Stock SCSC logo
ScanSource, Inc.

Nasdaq:SCSC

SCSC Rankings

#2316 Ranked by Market Cap
#2205 Ranked by Stock Gains
N/A Ranked by Dividends

SCSC Stock Data

1.22B
24.64M
2.29%
99.98%
2.21%
Business to Business Electronic Markets
Wholesale Trade
Link
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.