secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0000918965-23-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/0000918965-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000091896523000030/scsc-20231109.htm
  HTML page:      https://secwatch.observer/filing/0000918965-23-000030

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