ScanSource, Inc.
42.01-0.31 (-0.73%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · SCSC · USD
Key Stats
Market Cap
927.04MP/E (TTM)
14.00Basic EPS (TTM)
3.00Dividend Yield
0%Recent Filings
8-K
Auditor switch to Deloitte
ScanSource's Audit Committee dismissed Grant Thornton as its independent auditor on October 9, 2025, after a competitive review, effective post the interim review for the quarter ended September 30, 2025. No disagreements or reportable events marred the prior audits for fiscal years 2024 and 2025. The committee then appointed Deloitte & Touche as the new auditor for the fiscal year ending June 30, 2026, pending standard procedures. This switch signals a fresh audit perspective. Smooth transition expected.
10-K
FY2025 results
ScanSource's FY2025 net sales fell 6.7% y/y to $3.04B, with Specialty Technology Solutions down 7.1% amid cautious spending, while Intelisys & Advisory grew 6.3% boosted by acquisitions; yet gross profit rose 2.4% to $409M on favorable supplier rebates and mix, lifting margins to 13.4%. Operating income held steady at 2.8% despite $5.4M in restructuring charges, as Q4 inventory turnover accelerated to 5.9x from 5.0x y/y, signaling improving momentum. Acquisitions of Resourcive and Advantix added $24M goodwill and drove recurring revenue up 32% y/y to $146M, with $133M term debt at year-end and $217M buyback authorization fueling capital returns. No annual guidance disclosed. Supply chain disruptions could stall quarterly gains.
8-K
ScanSource Q4 sales surge
ScanSource reported Q4 net sales of $812.9 million, up 8.9% year-over-year, with gross profit rising 8.0% to $105.1 million at a 12.9% margin, driven by 30.0% recurring revenue growth. Full-year sales dipped 6.7% to $3.04 billion amid cautious tech spending, yet adjusted EBITDA climbed 2.8% to $144.7 million, boosting non-GAAP EPS 15.9% to $3.57. Strong cash flow hit $104.1 million. For FY26, expect $3.1-3.3 billion sales and $150-160 million adjusted EBITDA, but macroeconomic weakness poses risks.
8-K
ScanSource Q3 sales dip, profits rise
ScanSource reported Q3 net sales of $704.8 million, down 6.3% year-over-year, yet gross profit climbed 6.1% to $100.2 million with margins expanding to 14.2% on surging recurring revenue up 41%. Acquisitions fueled EPS growth to $0.74 GAAP, while the board authorized a fresh $200 million share repurchase. Strong cash flow persists, but Brazil's sales plunged 41.1%.
10-Q
Q3 FY2025 results
ScanSource's Q3 FY2025 net sales dipped 6.3% y/y to $704.8M, driven by a 7.0% drop in Specialty Technology Solutions to $678.4M amid softer Brazil demand, while Intelisys & Advisory grew 16.0% to $26.4M on acquisition tailwinds. Gross profit climbed 6.1% y/y to $100.2M, lifting margins to 14.2% from 12.6% via stronger vendor rebates offsetting volume hits. Operating income surged 27.3% y/y to $22.3M, with diluted EPS at $0.74 up from $0.50, reconciling cleanly to 23.6M shares; YTD figures align without anomalies. Acquisitions of Advantix and Resourcive in August 2024 cost $56.7M net cash, adding $22.8M goodwill and $44.5M intangibles amortized over undisclosed lives, with $19.2M contingent earnouts tied to FY2025-2028 EBITDA targets. Cash fell to $146.3M, free cash flow at $99.0M (derived) after $5.8M capex, total debt $138.0M under a $350M revolver fully available at 5.45% effective rate maturing 2027, covenants intact. Share repurchases totaled $81.3M YTD. Yet tariffs loom as a supply chain wildcard.
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