ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. It operates in two segments, Worldwide Barcode, Networking & Security; and Worldwide Communications & Services. The Worldwide Barcode, Networking & Security segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies. This segment offers data capture and POS solutions to automate the collection, processing, and communication of information for commercial and industrial applications, including retail sales, distribution, shipping, inventory control, materials handling, warehouse management, and health care applications. It also provides electronic physical security products, such as identification, access control, video surveillance, intrusion-related, and wireless and networking infrastructure products. The Worldwide Communications & Services segment offers a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, cable, unified communications and collaboration, cloud, and technology services, as well as IP networks and other solutions for various vertical markets, such as education, healthcare, and government. The company also provides contact center and infrastructure services. ScanSource, Inc. was incorporated in 1992 and is headquartered in Greenville, South Carolina.
IPO Year:
Exchange: NASDAQ
Website: scansource.com
| 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 |
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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:
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today released its annual Corporate Citizenship Report, highlighting ScanSource's environmental, social and governance (ESG) strategy and progress for fiscal year 2024. The report includes disclosures developed in alignment with the Sustainability Accounting Standards Board (SASB) framework for Multiline and Specialty Retailers & Distributors. ScanSource's ESG Steering Committee, a cross-functional team with members across the business, has guided ESG strategy and driven progress for the Company's ESG initiatives, including the development of its Corporate Citizenship Report. Building on how Scan
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:
Announces acquisition of Advantix ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the creation of its Integrated Solutions and Services (ISS) group. The ISS group is focused on developing solutions and services that will provide hardware value-added resellers (VARs) the opportunity to wrap additional value around their hardware offerings. As the launching point for this new group, ScanSource has acquired Advantix, a VAR-focused, managed connectivity experience provider (MCx®) specializing in wireless enablement solutions. ScanSource has been working with Advantix for more than five years supporting hardware VARs looking to gr
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
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release fourth quarter and fiscal year 2024 results for the period ended June 30, 2024 on Tuesday, August 27, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, August 27, 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:
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
Announces new $100M share purchase authorization ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the third quarter ended March 31, 2024. Third Quarter Summary Q3 FY24 Q3 FY23 Change (in thousands, except percentages and per share data) Select reported measures: Net sales $ 752,599 $ 885,519 -15.0% Gross profit $ 94,481 $ 111,762 -15.5% Gross p
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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
Northcoast downgraded ScanSource from Buy to Neutral
Raymond James reiterated coverage of ScanSource with a rating of Outperform and set a new price target of $44.00 from $40.00 previously
Raymond James reiterated coverage of ScanSource with a rating of Outperform and set a new price target of $40.00 from $35.00 previously
Northcoast upgraded ScanSource from Neutral to Buy
Raymond James reiterated coverage of ScanSource with a rating of Outperform and set a new price target of $35.00 from $31.00 previously
Raymond James reiterated coverage of ScanSource with a rating of Outperform and set a new price target of $31.00 from $27.00 previously
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:
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release fourth quarter and fiscal year 2024 results for the period ended June 30, 2024 on Tuesday, August 27, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, August 27, 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:
Announces new $100M share purchase authorization ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the third quarter ended March 31, 2024. Third Quarter Summary Q3 FY24 Q3 FY23 Change (in thousands, except percentages and per share data) Select reported measures: Net sales $ 752,599 $ 885,519 -15.0% Gross profit $ 94,481 $ 111,762 -15.5% Gross p
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release third quarter fiscal year 2024 results for the period ended March 31, 2024 on Tuesday, May 7, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, May 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:SCSC) is a l
Achieves Strong Q2 Cash Flow and Intelisys Growth ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the second quarter ended December 31, 2023. Second Quarter Summary Q2 FY24 Q2 FY23 Change (in thousands, except per share data) Select reported measures: Net sales $ 884,792 $ 1,011,241 -12.5% Gross profit $ 100,748 $ 115,334 -12.6% Gross profit m
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release second quarter fiscal year 2024 results for the period ended December 31, 2023 on Tuesday, February 6, 2024 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, February 6, 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. (NASDA
Strong Q1 Cash Flow Exceeds Expectations ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the first quarter ended September 30, 2023. First Quarter Summary Q1 FY24 Q1 FY23 Change (in thousands, except per share data) Select reported measures: Net sales $ 876,305 $ 943,813 -7.2 % Gross profit $ 106,508 $ 113,485 -6.1 % Gross profit m
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, announced today that it plans to release first quarter fiscal year 2024 results for the period ended September 30, 2023 on Thursday, November 9, 2023 at approximately 8:30 a.m. ET. ScanSource management will host an earnings conference call to discuss these results later that day, November 9, 2023, 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. (
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
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the upcoming retirement of Charles R. Whitchurch from its Board of Directors. Whitchurch, who has served as Director of ScanSource since 2009, will retire from the Board when his current term of office expires effective at ScanSource's next Annual Meeting of Shareholders on January 25, 2024. "Randy's financial acuity, coupled with his deep knowledge of the channel and corporate governance, have been extremely valuable to ScanSource," said Mike Baur, Chairman and CEO, ScanSource, Inc. "We appreciate Randy's nearly 15-year commitment to ScanSource and wish him the best in his retire
Vernon Nagel brings extensive executive leadership experience and financial expertise to the ScanSource Board of Directors ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Vernon J. Nagel to its Board of Directors, effective August 16, 2023. Mr. Nagel's appointment expands the Board to nine members. Mr. Nagel brings extensive executive leadership, financial and accounting expertise to the ScanSource Board of Directors. Mr. Nagel served as Executive Chairman of Acuity Brands, Inc. (NYSE:AYI), a publicly traded industrial technology company from February 2020 until his retirement in December 2020. Mr. Nagel pr
Brandy Ford promoted to Senior Vice President and Chief Accounting Officer ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Brandy Ford to Senior Vice President and Chief Accounting Officer. Ford has been with ScanSource for 12 years and brings more than 20 years of experience in finance and accounting to this role. As Chief Accounting Officer, Ford is responsible for developing and leading the Company's global accounting strategy to ensure continued financial health and growth. Ford will report to Steve Jones, Senior Executive Vice President and Chief Financial Officer, ScanSource, Inc. "I'm proud of the
Shana Cochrane Smith brings more than 20 years of experience to leadership role ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Shana Cochrane Smith as Senior Executive Vice President and Chief Legal Officer. Smith brings more than 20 years of experience in corporate counsel and leadership roles to this position. As Chief Legal Officer, Smith is responsible for driving ScanSource's global corporate legal strategy, overseeing all legal aspects of the Company, and ensuring corporate compliance. She is also charged with providing legal counsel and support to the Board of Directors, CEO, and other global senior l
ScanSource, Inc. (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the upcoming retirement of Mike Grainger from its Board of Directors. Mr. Grainger, who has served as a Director of ScanSource since 2004, will retire from the Board when his current term of office expires effective at ScanSource's next Annual Meeting of Shareholders on January 26, 2023. "Mike has been an invaluable member of our Board for nearly 20 years. His in-depth knowledge of the distribution industry, as well as his strong financial and accounting acumen have served ScanSource well," said Mike Baur, Chairman and CEO, ScanSource, Inc. "I personally want to thank him for his i
Appoints Alex Conde to lead global People & Culture team ScanSource, Inc., (NASDAQ:SCSC), a leading hybrid distributor connecting devices to the cloud, today announced the appointment of Alex Conde to Chief People Officer. In this role, Conde will lead the Company's global People & Culture team, focusing on advancing ScanSource's talent and recruitment strategies, culture-focused initiatives and overall People success. Prior to this role, Conde served as President of ScanSource Brazil. He joined ScanSource in 2011 through the acquisition of CDC Brasil, a leading distributor of AIDC and point-of-sale solutions in Brazil. In 2015, he led the acquisition of Network1, a value-added provider o
These strategic appointments bring significant operational and commercial experience to Semafone's Board of Directors Semafone®, the leading provider of data security and compliance solutions for call and contact centers, today announced the appointment of three new board members. Joining the board as Chairman, based in the UK, is Carlos Sartorius and two Non-Executive Directors; Denise Parker and Michael Sterl, both based in the United States. All come from high-growth organizations and industries, with extensive experience in accelerating company growth. Sartorius, Parker, and Sterl will bring their unique backgrounds to help with strategic direction, the identification of new channels
"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.
Updated Annual Financial Outlook for Fiscal Year 2024 ScanSource updates its expectations for net sales and adjusted EBITDA for the full fiscal year ending June 30, 2024 and replaces previously provided guidance: FY24 Annual Outlook Prior FY24 Annual Outlook Net sales At least $3.5 billion At least $3.8 billion Adjusted EBITDA (Non-GAAP) At least $155 million At least $170 million Free cash flow At least $200 million At least $200 milli
ScanSource (NASDAQ:SCSC) reported quarterly earnings of $0.85 per share which missed the analyst consensus estimate of $0.97 by 12.37 percent. This is a 19.81 percent decrease over earnings of $1.06 per share from the same period last year. The company reported quarterly sales of $884.79 million which missed the analyst consensus estimate of $945.60 million by 6.43 percent. This is a 12.48 percent decrease over sales of $1.01 billion the same period last year.
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ScanSource (NASDAQ:SCSC) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement. Analysts estimate that ScanSource will report an earnings per share (EPS) of $0.97. ScanSource bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.17, which was followed by a 5.03% increase in the share pric
Northcoast Research analyst Keith Housum downgrades ScanSource (NASDAQ:SCSC) from Buy to Neutral and announces $36 price target.
Raymond James analyst Adam Tindle maintains ScanSource (NASDAQ:SCSC) with a Outperform and lowers the price target from $40 to $35.