earnings
confidence high
sentiment positive
materiality 0.85
ScanSource Q3 beats: EPS $0.91 GAAP/$1.04 adj, sales +16% YoY; raises FY outlook
SCANSOURCE, INC.
2022-Q3 EPS reported
$2.67
revenue$2,567,652,000
- Net sales of $846.0M (+15.9% YoY); GAAP diluted EPS $0.91 vs $0.54; non-GAAP diluted EPS $1.04 vs $0.71.
- Specialty Technology Solutions net sales $503.1M (+15.3%); Modern Communications & Cloud $342.9M (+16.9%).
- Gross profit margin expanded 52bp to 12.59%; adjusted EBITDA $44.1M (+37.9%) with margin 5.21%.
- Raises FY2022 outlook: net sales growth at least 10% (from 7%), adjusted EBITDA at least $165M (from $148M).
- Adjusted ROIC improved to 18.0% from 14.7%; trailing 12-month non-GAAP diluted EPS $4.01.