secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0000918965-21-000026
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000091896521000026/0000918965-21-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000091896521000026/scsc-20211109.htm
  HTML page:      https://secwatch.observer/filing/0000918965-21-000026

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer