---
schema_version: "secwatch.filing_event.v1"
accession: "0000918965-23-000030"
form_type: "8-K"
ticker: "SCSC"
cik: "0000918965"
company_name: "SCANSOURCE, INC."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:23:58.569595+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# ScanSource reports Q1 FY24 results: net sales down 7.2%, EPS down 35%; lowers EBITDA guidance

## Summary
- Q1 net sales $876.3M (-7.2% YoY); GAAP diluted EPS $0.61 vs $0.94 prior-year.
- Adjusted EBITDA $34.9M (-22.9% YoY); operating cash flow $93.5M (vs -$48.5M prior).
- FY24 guidance: net sales at least $3.8B; EBITDA lowered to at least $170M (from $180M); FCF raised to at least $200M (from $150M).
- Director Charles R. Whitchurch to retire at Jan 2024 annual meeting; board will decrease to eight.
- Intelisys annualized net billings ~$2.51B, net sales up 8.8% YoY.

## SEC filing metadata
- accession: 0000918965-23-000030
- form_type: 8-K
- ticker: SCSC
- cik: 0000918965
- company_name: SCANSOURCE, INC.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/0000918965-23-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/scsc-20231109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918965-23-000030
- JSON: https://secwatch.observer/filing/0000918965-23-000030.json
- Plain text: https://secwatch.observer/filing/0000918965-23-000030.txt

## Key facts
- Earnings Releases
  SCANSOURCE, INC. updated its fiscal year ended June 30, 2024 guidance (lowered).
  - Period: fiscal year ended June 30, 2024
  - Guidance: lowered
  - Result: guidance update
  source text: ScanSource updates its expectations for the full fiscal year ended June 30, 2024 and replaces previously provided guidance. FY24 Annual Outlook Prior FY24 Annual Outlook Net sales At least $3.8 billion Net sales growth: At least 3% Adjusted EBITDA (Non-GAAP) At least $170 million At least $180 million Free cash flow At least $200 million At least $150 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/0000918965-23-000030-index.htm
- Earnings Releases
  SCANSOURCE, INC. reported first quarter ended September 30, 2023 results: revenue $876,305, net income $15,432, EPS $0.61 per diluted share.
  - Period: first quarter ended September 30, 2023
  - Revenue: $876,305
  - Net income: $15,432
  - EPS: $0.61 per diluted share
  - Result: reported results
  source text: results for the first quarter ended September 30, 2023. First Quarter Summary Q1 FY24 Q1 FY23 Change (in thousands, except per share data) Select reported measures: Net sales $ 876,305 $ 943,813 -7.2% Gross profit $ 106,508 $ 113,485 -6.1% Gross profit margin % 12.15 % 12.02 % 13bp Operating income $ 24,084 $ 34,888 -31.0% GAAP net income $ 15,432 $ 24,042
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/0000918965-23-000030-index.htm
- Executive change
  Charles R. Whitchurch departed as Director at SCANSOURCE, INC..
  - Action: retire
  - Role: Director
  source text: On November 6, 2023, Charles R. Whitchurch, who has served on the Company's Board of Directors (the "Board") since 2009, notified the Board that he plans to retire from the Board when his current term of office expires at the next Annual Meeting of Shareholders.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/0000918965-23-000030-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.