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.
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.
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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.
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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%.
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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.
On April 13, 2022, Intermedia Cloud Communications announced a partnership with Intelisys, a ScanSource company, to enhance the accessibility of its UCaaS and CCaaS solutions. This collaboration enables Intelisys' sales partners to offer Intermedia's services through flexible partner programs, allowing partners to tailor their offerings to customer needs. The partnership aims to expand Intermedia's partner network significantly while simplifying partner operations by providing an all-in-one cloud communications platform. The CORE™ model enhances revenue potential for partners, while the Advisor program ensures recurring commissions and streamlined support.