ScanSource Q1 net sales up 13% YoY to $857M; non-GAAP EPS $0.99 vs $0.42

SCANSOURCE, INC.

2022-Q1 EPS reported $0.86 revenue$857,311,000

GAAP net income $22.1M ($0.86 diluted EPS) vs. net loss of $0.1M a year ago.
Non-GAAP diluted EPS $0.99, up 136% YoY; Adjusted EBITDA $41.4M, up 98%.
Gross profit margin improved to 11.82% from 10.67%; operating income $30.3M vs $1.6M.
Specialty Technology Solutions sales +23% to $502M; Modern Communications & Cloud +2% to $356M.
Reaffirmed FY2022 outlook: net sales growth at least 5.5%, Adjusted EBITDA at least $135M.

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