ScanSource Q4 GAAP EPS $0.68, down 13% YoY; appoints former Acuity CEO to board

SCANSOURCE, INC.

2023-FY EPS reported $3.54 revenue$3,787,721,000

Q4 net sales $947M, -1.6% YoY; GAAP diluted EPS $0.68 vs $0.78 prior year.
Full-year FY23 net sales $3.79B (+7.3%); record Adjusted EBITDA $179.9M (+8% YoY).
FY24 outlook: net sales growth ≥3%, Adjusted EBITDA ≥$180M, free cash flow ≥$150M.
Cyberattack discovered May 14, 2023 impacted core systems; operations restored by May 26.
Vernon J. Nagel appointed to board (Audit, Compensation, Nominating committees); former Acuity Brands CEO.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Vernon J. Nagel

director

SCSC · SCANSOURCE, INC.

Effective: 2023-08-16
Filed: August 22, 2023, 7:59 PM ET

On August 16, 2023, the Board of Directors (the “Board”) of ScanSource, Inc. (the “Company”) increased the size of its Board to nine members and appointed Vernon J. Nagel as a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

SCANSOURCE, INC. updated its full fiscal year ended June 30, 2024 guidance (initiated).

Period: full fiscal year ended June 30, 2024
Guidance: initiated
Result: guidance update

Exact text from the filing

Annual Financial Outlook for Fiscal Year 2024 The following guidance is based on ScanSource's current expectations for the full fiscal year ended June 30, 2024.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SCANSOURCE, INC. reported financial results for fourth quarter ended June 30, 2023.

Period: fourth quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 22, 2023, ScanSource, Inc. (the "Company") issued a press release announcing its financial results for its fourth quarter ended June 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

SCANSOURCE, INC. reported financial results for the fiscal year ended June 30, 2023.

Period: the fiscal year ended June 30, 2023
Result: reported results

Exact text from the filing

On August 22, 2023, ScanSource, Inc. (the "Company") issued a press release announcing its financial results for its fourth quarter ended June 30, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vernon J. Nagel was appointed as director at SCANSOURCE, INC..

Action: appointed
Role: director

Exact text from the filing

On August 16, 2023, the Board of Directors (the “Board”) of ScanSource, Inc. (the “Company”) increased the size of its Board to nine members and appointed Vernon J. Nagel as a director of the Company.

View on SEC.gov

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR

accession 0000918965-23-000021

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