ScanSource Q3 beats expectations; raises FY23 adjusted EBITDA guidance to at least $182M

SCANSOURCE, INC.

2023-Q3 EPS reported $2.79 revenue$2,840,573,000

Net sales $885.5M (+4.7% YoY); GAAP EPS $0.83, Non-GAAP EPS $0.96.
Specialty Technology Solutions net sales +12.4% YoY to $565.7M; Modern Comms & Cloud -6.7% to $319.9M.
Adjusted EBITDA raised to at least $182M (prior $176M); net sales growth outlook unchanged at 6.5%.
Brandy Ford appointed SVP, Chief Accounting Officer effective May 4, 2023.
Operating cash flow $54.8M in Q3; TTM adjusted EBITDA all-time record $178.4M.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Brandy Ford

Senior Vice President, Chief Accounting Officer

SCSC · SCANSOURCE, INC.

Effective: 2023-05-04
Filed: May 9, 2023, 7:59 PM ET

On May 4, 2023, the Company appointed Brandy Ford as Senior Vice President, Chief Accounting Officer of the Company, effective May 4, 2023.

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. reported third quarter ended March 31, 2023 results: revenue $885.5 million, net income $21.2 million, EPS $0.83 per diluted share. Guidance raised.

Period: third quarter ended March 31, 2023
Revenue: $885.5 million
Net income: $21.2 million
EPS: $0.83 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

how our diversified portfolio of technologies is driving our hybrid distribution success.” Quarterly Results Net sales for the third quarter of fiscal year 2023 totaled $885.5 million, up 4.7% year-over-year. Specialty Technology Solutions net sales for the third quarter increased 12.4% year-over-year to $565.7 million, led by growth in networking, security,

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Executive change SEC 8-K Item 5.02 confidence 1.0

Brandy Ford was appointed as Senior Vice President, Chief Accounting Officer at SCANSOURCE, INC..

Action: appointed
Role: Senior Vice President, Chief Accounting Officer

Exact text from the filing

On May 4, 2023, the Company appointed Brandy Ford as Senior Vice President, Chief Accounting Officer of the Company, effective May 4, 2023.

View on SEC.gov

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR

accession 0000918965-23-000011

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