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. (SCSC) is a leading global provider of technology solutions connecting hardware manufacturers with reseller partners across point-of-sale, barcode, security, and cloud services. This page serves as the definitive source for official company announcements and market-moving developments.
Investors and technology professionals will find curated press releases covering earnings reports, product launches, strategic partnerships, and operational updates. Our repository includes details on SCSC's Specialty Technology Solutions and Modern Communications & Cloud segments, providing insight into both hardware innovations and recurring revenue services.
Key focus areas include updates on value-added reseller programs, supply chain developments, and emerging technologies in physical security systems, data networking infrastructure, and cloud-based communication platforms. All content is verified from primary sources to ensure accuracy and timeliness.
Bookmark this page for direct access to SCSC's latest business milestones, financial disclosures, and technology partnership announcements. Check regularly for updates that impact the company analysis and technology distribution landscape.
ScanSource, Inc. (NASDAQ: SCSC), a top hybrid distributor connecting devices to the cloud, will present at the Sidoti September Small-Cap Virtual Investor Conference on September 21, 2022, at 1:00 p.m. Eastern Time. CFO Steve Jones will lead the presentation, which will be available via live webcast and archived for 30 days. The investor presentation will be accessible in the Investor Relations section of the ScanSource website.
ScanSource reported strong financial results for Q4 and FY22, with net sales of $962.3 million, up 12.9% year-over-year, and net income of $19.9 million, slightly down by 3.4%. For FY22, net sales reached $3.53 billion, increasing 12%, and GAAP diluted EPS rose to $3.44, a 93.3% increase. The company expects FY23 net sales growth of at least 5.5% and adjusted EBITDA of at least $174 million. Overall, the results reflect strong demand and improved profitability.
ScanSource, Inc. (NASDAQ: SCSC) announced it will release Q4 and fiscal year 2022 results on August 23, 2022, at approximately 4:00 p.m. ET. An earnings conference call will follow at 5:00 p.m. ET, accessible via webcast on the company’s website. ScanSource is a hybrid distributor focused on connecting devices to the cloud, with offerings in hardware, software, connectivity, and cloud services. The company ranks #773 on the Fortune 1000 and was recognized as one of South Carolina's Best Places to Work.
ScanSource, Inc. (NASDAQ: SCSC) appointed Alex Conde as Chief People Officer to lead its global People & Culture team. Conde, previously President of ScanSource Brazil, aims to enhance talent strategies and cultivate a strong workplace culture. The company, recognized as one of the best places to work in South Carolina for seven consecutive years, will implement a ‘Productivity Anywhere’ initiative to support employee development. Additionally, Paulo Roberto was promoted to President of ScanSource Brazil, focusing on growth and operational success.
ScanSource, Inc. (NASDAQ: SCSC) will participate in the virtual East Coast IDEAS Investor Conference on June 22, 2022. Chief Financial Officer Steve Jones and President John Eldh will represent the company. The investor presentation becomes available at 6:00 am ET on the same day through the conference website and ScanSource’s Investor Relations page. ScanSource is recognized for its role as a hybrid distributor, connecting devices to the cloud and supporting partners in hardware and SaaS solutions. The company has earned accolades including a spot on FORTUNE's 2022 Most Admired Companies list.
ScanSource, a leading hybrid distributor, reported strong Q3 2022 results with net sales of $846 million, reflecting a 15.9% increase year-over-year. Gross profit rose 20.9% to $106.5 million, with a gross profit margin of 12.6%. Operating income surged 69.4% to $32.9 million, and GAAP net income reached $23.5 million ($0.91 per share), a 70.7% increase from the previous year. The company raised its FY22 outlook, expecting at least 10% net sales growth and adjusted EBITDA of at least $165 million. The adjusted return on invested capital improved to 18.0%.
ScanSource (NASDAQ: SCSC) announces it will release third quarter fiscal 2022 results for the period ended March 31, 2022, on May 10, 2022, at approximately 4:00 p.m. ET. The management will also host an earnings conference call that day at 5:00 p.m. ET. Investors can access the call via a live Internet webcast on www.scansource.com, with a replay available for 60 days following the event. The company, based in Greenville, SC, specializes in connecting devices to the cloud.
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