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.
Delta Apparel, Inc. (NYSE American: DLA) announced the reappointment of Justin Grow as Executive Vice President & Chief Administrative Officer. He will collaborate with CEO Bob Humphreys and the Board on strategic initiatives and oversee key functions including legal and human resources. Grow's leadership is expected to enhance corporate growth, drawing on his extensive experience, including his previous role with Delta Apparel. The company continues to thrive in the activewear and digital print market, employing around 8,600 worldwide.
ScanSource, Inc. (NASDAQ: SCSC) will present at the Raymond James Technology Investors Conference in New York City on December 6, 2022, at 9:10 a.m. Eastern Time. The presentation will feature Mike Baur, CEO, and Steve Jones, CFO. Investors can view the live webcast and a replay available for 30 days on www.scansource.com. ScanSource specializes in connecting devices to the cloud, offering solutions in hardware, SaaS, and more, and ranks #773 on the Fortune 1000 list.
ScanSource, Inc. (NASDAQ: SCSC) reported a strong financial performance for the first quarter of fiscal year 2023, ending September 30, 2022. Net sales reached $943.8 million, marking a 10.1% year-over-year increase. Gross profit rose to $113.5 million, up 11.7%, with a gross profit margin of 12.02%. GAAP net income was $24.0 million ($0.94 per share), an 8.9% increase from the prior year. The company affirmed its FY23 guidance, projecting at least 5.5% net sales growth and adjusted EBITDA of at least $174 million, demonstrating robust demand and effective channel partnerships.
ScanSource (NASDAQ: SCSC) announces the retirement of Mike Grainger from its Board of Directors, effective at the next Annual Meeting of Shareholders on January 26, 2023. Grainger has served since 2004, contributing significantly to the company with his extensive knowledge of the distribution industry and strong financial expertise. Following his departure, the Board will have eight members. ScanSource is a hybrid distributor focused on connecting devices to the cloud, offering various solutions through specialized market routes.
ScanSource, Inc. (NASDAQ: SCSC) plans to release its first quarter fiscal year 2023 results for the period ended September 30, 2022, on November 8, 2022, at approximately 8:30 a.m. ET. An earnings conference call will follow at 10:30 a.m. ET the same day, accessible via their Investor Relations website. ScanSource, a leading hybrid distributor, connects devices to the cloud and accelerates growth for partners across diverse technologies, including hardware, software, and cloud services. It was recognized as a 2022 Best Place to Work in South Carolina and ranks #773 on the Fortune 1000.
Content Guru announces a partnership with Intelisys to expand its global reach in cloud contact center solutions. This collaboration will enhance distribution of Content Guru's storm® platform, aimed at large enterprises across the Americas. Martin Taylor, Deputy CEO of Content Guru, emphasizes the importance of this partnership for empowering hybrid workplaces with advanced cloud communications. Intelisys, part of ScanSource, Inc. (NASDAQ: SCSC), is dedicated to supporting telecom sales and IT solution providers. This partnership signifies Content Guru's commitment to growth in the US market.
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.