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 (NASDAQ: SCSC) announced its participation in the Sidoti Spring 2022 Virtual Investor Conference on March 24, 2022, at 11:30 a.m. Eastern Time. Presenters include CFO Steve Jones and President John Eldh. The session will be accessible via a live webcast, with a replay available for 30 days post-event. Investors can access the presentation materials on the ScanSource website.
ScanSource is a hybrid distributor that connects devices to the cloud and facilitates growth for its partners across various sectors.
ScanSource, Inc. (NASDAQ: SCSC) announced its participation at the Raymond James 43rd Annual Institutional Investors Conference on March 9, 2022, at 11:35 a.m. Eastern Time in Orlando, Florida. Presenters will include Steve Jones, Chief Financial Officer, and John Eldh, President. A live webcast will be available during the session, with a replay accessible for 30 days afterward. An investor presentation will also be posted on the ScanSource website's Investor Relations section.
ScanSource connects devices to the cloud, fostering growth for partners across hardware and cloud services.
ScanSource, Inc. (NASDAQ: SCSC) has appointed John Eldh as the new President, succeeding Mike Baur. Eldh aims to enhance the company's hybrid distribution strategy, connecting devices to the cloud while driving growth across hardware, SaaS, and cloud services. Previously, Eldh served as Chief Revenue Officer since October 2019, focusing on channel-centric executives to lead global device and cloud businesses. Baur praised Eldh’s vision and leadership, emphasizing the potential for profitable growth. ScanSource is recognized for its innovative distribution strategies and was listed among the Best Places to Work in South Carolina.
ScanSource (NASDAQ: SCSC) reported strong second-quarter results for fiscal year 2022, with net sales of $864.4 million, a 6.6% increase year-over-year. Gross profit rose 25.4% to $107.9 million, boosting gross profit margin to 12.5%. Operating income surged 83.9% to $31.5 million, resulting in a GAAP net income of $23.2 million, or $0.89 per diluted share. The company also raised its full-year outlook for net sales growth to at least 7% and adjusted EBITDA to at least $148 million. Additionally, ScanSource was named to FORTUNE's 2022 list of World's Most Admired Companies for the sixth consecutive year.
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ScanSource (NASDAQ: SCSC), a hybrid distributor connecting devices to the cloud, will release its second quarter fiscal 2022 results on February 8, 2022, at 4:00 p.m. ET. The results will cover the period ending December 31, 2021. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. ET, accessible via a live Internet webcast through ScanSource's Investor Relations page. With a strong focus on hardware, software, connectivity, and cloud services, ScanSource aims to accelerate growth for its partners in various market segments.
ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor, announced that its CEO Mike Baur and CFO Steve Jones will participate in a virtual Q&A session at the Raymond James 2021 Technology Investors Conference on December 7, 2021, at 2:10 p.m. ET. The session will be available via a live webcast, with a replay accessible for 30 days. Interested participants can find more details on ScanSource's Investor Relations page. Founded in 1992 and based in Greenville, South Carolina, ScanSource connects devices to the cloud.
ScanSource reported a strong first quarter for fiscal year 2022, achieving net sales of $857.3 million, a 13.2% year-over-year increase. Gross profit rose 25.4% to $101.3 million, boosting the gross profit margin to 11.8%. Operating income surged to $30.3 million compared to $1.6 million in the previous year. GAAP net income was $22.1 million or $0.86 per diluted share, a significant improvement from a loss of $0.1 million. The company maintains an annual outlook of at least 5.5% net sales growth for fiscal year 2022.
Semafone has appointed three new board members, aiming to enhance operational and commercial strategies. Carlos Sartorius takes on the role of Chairman, while Denise Parker and Michael Sterl join as Non-Executive Directors. Their backgrounds in high-growth organizations are expected to strengthen Semafone’s market approach and customer base expansion. Sartorius brings substantial IT security knowledge, Parker offers fintech expertise, and Sterl contributes insights from the contact center sector. This leadership change aligns with Semafone's objectives for strategic growth and improved market presence.
ScanSource, Inc. (NASDAQ: SCSC) announced plans to release its first quarter fiscal year 2022 results on November 9, 2021, at 4:00 p.m. ET. The earnings conference call will follow at 5:00 p.m. ET the same day, accessible via a live Internet webcast. ScanSource connects businesses with technology solutions across various sectors, offering products from leading suppliers in areas like POS and cloud services. The company was recognized in 2021 as one of South Carolina’s Best Places to Work and ranks #655 on Fortune 1000.