"While hardware sales were lower than we expected, our resilient business model delivered strong margins and robust free cash flow," said Mike Baur, Chair and CEO, ScanSource, Inc. "Our strong balance sheet gives us the capacity and flexibility to execute our disciplined capital allocation plans."
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/15/2024 | Outperform → Mkt Perform | Raymond James | |
| 12/19/2023 | $36.00 | Buy → Neutral | Northcoast |
| 8/23/2023 | Neutral → Buy | Northcoast | |
| 5/24/2023 | Buy → Neutral | Northcoast | |
| 11/10/2021 | $40.00 → $44.00 | Outperform | Raymond James |
| 8/25/2021 | $35.00 → $40.00 | Outperform | Raymond James |
| 7/28/2021 | Neutral → Buy | Northcoast |
"While hardware sales were lower than we expected, our resilient business model delivered strong margins and robust free cash flow," said Mike Baur, Chair and CEO, ScanSource, Inc. "Our strong balance sheet gives us the capacity and flexibility to execute our disciplined capital allocation plans."
This supplements the existing authorization of which approximately $45 million remained outstanding as of March 31, 2024.
ScanSource (NASDAQ:SCSC) reported quarterly earnings of $0.69 per share which missed the analyst consensus estimate of $0.84 by 17.86 percent. This is a 28.13 percent decrease over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $752.599 million which missed the analyst consensus estimate of $822.710 million by 8.52 percent. This is a 15.01 percent decrease over sales of $885.519 million the same period last year.
Resourcive is a leading Technology Value Creation partner ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the acquisition of Resourcive, a leading technology advisor. Resourcive delivers strategic IT sourcing solutions to the mid-market and enterprise, advising clients on value creation strategies that are enabled by technology. With the acquisition of Resourcive, ScanSource is creating a new Channel Advisory business to be a platform for the channel model of the future. This business is separate from ScanSource's Intelisys business, the industry's leading technology services distributor. Resourcive was founded in 2001 in Pel
Mills brings depth of channel experience to leadership position Intelisys, a ScanSource (NASDAQ:SCSC) company, and a leading provider of technology services and solutions, today announced the appointment of Ken Mills as its new president. In this role, Mills will lead the company's strategic direction with a focus on driving sustainable growth for the company, its partners and suppliers. Mills brings nearly 25 years of leadership experience with fast-growing, innovative technology companies, including Dell Technologies, Cisco, and the US Department of State. He most recently served as CEO for Epic iO Technologies, a tech-enabled SaaS company, where he was instrumental in increasing reve
Eddie Acosta returns to Intelisys in leadership role Intelisys, a ScanSource (NASDAQ:SCSC) company, and a leading provider of technology services and solutions, today announced Eddie Acosta has been appointed Vice President of Sales, Central Region. In this role, Acosta will lead the central region sales team, driving strategy, account management and business development. Acosta brings more than 20 years of sales and management experience in the cloud-based technology services industry to this position, including six years previously at Intelisys as Senior Director of Partner Sales. His experience includes leading and managing sales leaders and channel managers, developing and executing
SC 13G - SCANSOURCE, INC. (0000918965) (Subject)
SC 13G - SCANSOURCE, INC. (0000918965) (Subject)
SC 13G/A - SCANSOURCE, INC. (0000918965) (Subject)
10-Q/A - SCANSOURCE, INC. (0000918965) (Filer)
10-Q - SCANSOURCE, INC. (0000918965) (Filer)
8-K - SCANSOURCE, INC. (0000918965) (Filer)
intY US rebranded as Channel Exchange, offers enhanced marketplace experience Intelisys, a ScanSource (NASDAQ:SCSC) company, and a leading technology services distributor of connectivity and cloud services, is bolstering its software as a service (SaaS) marketplace through Channel Exchange. Formerly intY US, Channel Exchange will offer a comprehensive platform for partners to streamline sales processes and access a curated, comprehensive catalog of SaaS technology solutions. Channel Exchange is designed for partners looking to identify solutions that meet end customers' needs and allow them to better serve their customers. Through Channel Exchange, partners have access to software speci
Achieves Strong Q1 Free Cash Flow and EPS Growth ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the first quarter ended September 30, 2024. First Quarter Summary Q1 FY25 Q1 FY24 Change (in thousands, except percentages and per share data) Select reported measures: Net sales $ 775,580 $ 876,305 -11.5% Gross profit $ 101,619 $ 106,508 -4.6% Gross profit margin % 13.10 % 12.15 % 95bp
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release first quarter fiscal year 2025 results for the period ended September 30, 2024 on Thursday, November 7, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, November 7, 2024, at 10:30 a.m. ET. The earnings conference call may be accessed via a live Internet webcast in the Investor Relations section of ScanSource, Inc.'s web site, www.scansource.com. A replay of the webcast will be available at www.scansource.com for 60 days. About ScanSource, Inc. ScanSource, Inc. (NASDAQ:
Achieves Strong Q1 Free Cash Flow and EPS Growth ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the first quarter ended September 30, 2024. First Quarter Summary Q1 FY25 Q1 FY24 Change (in thousands, except percentages and per share data) Select reported measures: Net sales $ 775,580 $ 876,305 -11.5% Gross profit $ 101,619 $ 106,508 -4.6% Gross profit margin % 13.10 % 12.15 % 95bp
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release first quarter fiscal year 2025 results for the period ended September 30, 2024 on Thursday, November 7, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, November 7, 2024, at 10:30 a.m. ET. The earnings conference call may be accessed via a live Internet webcast in the Investor Relations section of ScanSource, Inc.'s web site, www.scansource.com. A replay of the webcast will be available at www.scansource.com for 60 days. About ScanSource, Inc. ScanSource, Inc. (NASDAQ:
Achieves Strong Cash Flow and Disciplined Capital Allocation ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the fourth quarter and fiscal year ended June 30, 2024. All results in this release reflect continuing operations only unless otherwise noted. Fourth Quarter Summary Fiscal Year Summary Q4 FY24 Q4 FY23 Change FY24 FY23 Change (in thousands, except percentages and per share data) Select reported measures:
4 - SCANSOURCE, INC. (0000918965) (Issuer)
4 - SCANSOURCE, INC. (0000918965) (Issuer)
4 - SCANSOURCE, INC. (0000918965) (Issuer)
Raymond James downgraded ScanSource from Outperform to Mkt Perform
Northcoast downgraded ScanSource from Buy to Neutral and set a new price target of $36.00
Northcoast upgraded ScanSource from Neutral to Buy