ScanSource Q2 net sales +17% to $1.011B; raises FY23 outlook

SCANSOURCE, INC.

2023-Q2 EPS reported $1.96 revenue$1,955,054,000

GAAP diluted EPS $1.01 (up 13.5% YoY); non-GAAP diluted EPS $1.06 (up 3.9%).
Specialty Technology Solutions net sales +26.3% to $627.5M; Modern Comm & Cloud +4.5% to $383.7M.
Adjusted EBITDA record $48.8M, up 14.7% YoY; margin 4.83%.
FY23 outlook raised: net sales growth at least 6.5% (from 5.5%); adj. EBITDA at least $176M (from $174M).
Gross profit margin 11.41% vs 12.46% prior year due to sales mix and big deals.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCANSOURCE, INC. updated its the full fiscal year ended June 30, 2023 guidance (raised).

Period: the full fiscal year ended June 30, 2023
Guidance: raised
Result: guidance update

Exact text from the filing

ScanSource raises its expectations for the full fiscal year ended June 30, 2023 and replaces previously provided guidance.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCANSOURCE, INC. reported second quarter ended December 31, 2022 results: revenue $1.0 billion, net income $25.7 million, EPS $1.01 per diluted share. Guidance raised.

Period: second quarter ended December 31, 2022
Revenue: $1.0 billion
Net income: $25.7 million
EPS: $1.01 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

Net sales for the second quarter of fiscal year 2023 totaled $1.0 billion, up 17.0% year-over-year, or 16.4% year-over-year for organic growth.

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR

accession 0000918965-23-000004

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