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ScanSource, Inc. reported that Peter C. Browning, a director since 2014 and former Lead Independent Director, retired from its Board of Directors effective August 12, 2026. The company states that this transition is not due to any disagreement between Browning and ScanSource. Following his retirement, the Board size decreased to seven members.
The company highlights Browning’s prior service as Lead Independent Director from February 2019 to January 2026 and includes statements from Browning, Chair and CEO Mike Baur, and current Lead Independent Director Charlie Mathis recognizing his leadership and governance contributions. ScanSource reiterates its role as a technology distributor serving channel sales partners across hardware, SaaS, connectivity and cloud services.
BlackRock, Inc. reports beneficial ownership of 3,307,993 shares of SCANSOURCE INC common stock on an amended Schedule 13G. This represents 16.3% of the outstanding class as of June 30, 2026.
BlackRock has sole voting power over 3,272,308 shares and sole dispositive power over 3,307,993 shares, with no shared voting or dispositive power. The filing notes that one underlying holder, iShares Core S&P Small-Cap ETF, has an interest in more than five percent of ScanSource’s total outstanding common stock through these holdings.
Pzena Investment Management, LLC has reported a significant beneficial ownership position in ScanSource, Inc. common stock. The investment manager reports beneficial ownership of 1,109,743 shares, representing 5.5% of the outstanding common stock.
Pzena has sole voting power over 804,987 shares and sole dispositive power over all 1,109,743 shares, with no shared voting or dispositive power. Economic rights to dividends and sale proceeds belong to the firm’s underlying clients, and no single client’s interest exceeds 5% of the class.
SCANSOURCE, INC. senior executive Shana C. Smith reported a routine tax-related share disposition. On vesting of restricted stock units, 1,025 shares of common stock were withheld to cover tax obligations, a non-market transaction. Smith now directly holds 29,836 shares of ScanSource common stock.
ScanSource, Inc. reported a leadership change involving its technology function. On May 22, 2026, the company notified Senior Executive Vice President and Chief Information Officer Rachel Hayden that her role will be eliminated, effective June 8, 2026.
Under the company’s Executive Severance Plan, she will receive severance benefits and will be bound by non-compete, non-solicitation, non-disclosure and other restrictive covenants described in that plan.
ScanSource reported higher sales and earnings for the quarter and nine months ended March 31, 2026. Quarterly net sales rose to $766.8 million from $704.8 million, driven mainly by the Specialty Technology Solutions segment, while Intelisys & Advisory was roughly flat.
Quarterly net income was $16.9 million versus $17.4 million a year earlier, but diluted EPS increased to $0.78 from $0.74 on a lower share count after buybacks. For the first nine months, net sales reached $2.27 billion and net income $53.3 million. Operating cash flow was strong at $125.4 million, funding acquisitions and about $71.4 million of share repurchases, while total debt fell to $102.0 million with cash of $120.3 million.
ScanSource, Inc. reported higher third-quarter fiscal 2026 revenue and solid cash generation while raising its full-year free cash flow outlook. Net sales for the quarter ended March 31, 2026 rose 8.8% year-over-year to $766.8 million, driven mainly by 9.2% growth in the Specialty Technology Solutions segment. Gross profit increased 6.9% to $107.1 million, with a 14.0% margin.
GAAP net income was $16.9 million and diluted EPS was $0.78, up from $0.74 a year earlier. Non-GAAP diluted EPS increased to $0.94. Adjusted EBITDA was $35.6 million, or 4.65% of net sales. Year-to-date operating cash flow reached $125.4 million and free cash flow $118.6 million. The company reaffirmed fiscal 2026 net sales guidance of $3.0–$3.1 billion and adjusted EBITDA of $140–$150 million, and raised its non-GAAP free cash flow outlook from at least $80 million to at least $90 million. As of March 31, 2026, ScanSource held $120.3 million in cash and cash equivalents and $102.0 million of total debt, resulting in net cash and a trailing twelve-month adjusted EBITDA of $144.0 million.
ScanSource Inc reports a Schedule 13G filing showing Vanguard Portfolio Management beneficially owns 1,799,139 shares of Common Stock. The filing lists this as 8.37% of the class and shows Vanguard has sole dispositive power for 1,799,139 shares and sole voting power for 34,148 shares.
ScanSource Inc ownership update: The Vanguard Group filed an amendment stating it reports certain subsidiaries on a disaggregated basis after an internal realignment. The filing shows amount beneficially owned: 0 shares representing 0% of Common Stock. The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
The amendment cites SEC Release No. 34-39538 (January 12, 1998) as the basis for separate reporting and states the subsidiaries pursue the same investment strategies previously followed.
SCANSOURCE, INC. executive Michael Reed Webb, who serves as SVP & Chief HR Officer, filed an initial insider ownership report. The Form 3 shows that he currently has no securities beneficially owned in the company, with total direct holdings reported as zero shares following this filing.