secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0000918965-22-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ScanSource Q1 record EPS $0.94; net sales +10% to $943.8M; director Grainger to retire
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- GAAP diluted EPS of $0.94 (record), up 9% YoY; Non-GAAP diluted EPS of $1.07, up 8%.
- Net sales $943.8M, +10.1% YoY; gross profit $113.5M, +11.7%; gross margin 12.02%.
- Specialty Technology Solutions net sales +14.9% to $576.3M; Modern Comm & Cloud +3.3% to $367.5M.
- FY23 outlook reaffirmed: net sales growth at least 5.5%, adjusted EBITDA at least $174M.
- Director Mike Grainger to retire at Jan 26, 2023 annual meeting; Board to reduce to eight members.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000091896522000024/0000918965-22-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000091896522000024/scsc-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000918965-22-000024

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