secwatch / observer
8-K filed February 6, 2024, 6:59 PM ET ticker SCSC CIK 0000918965
earnings confidence high sentiment negative materiality 0.80

ScanSource Q2 net sales down 12.5% YoY to $885M; cuts FY24 guidance

SCANSOURCE, INC.

2024-Q2 EPS reported $1.91 revenue$1,761,098,000

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 full fiscal year ending June 30, 2024 results: revenue At least $3.5 billion. Guidance lowered.

Period
full fiscal year ending June 30, 2024
Revenue
At least $3.5 billion
Guidance
lowered
Result
guidance update
Exact text from the filing
Updated Annual Financial Outlook for Fiscal Year 2024 ScanSource updates its expectations for net sales and adjusted EBITDA for the full fiscal year ending June 30, 2024 and replaces previously provided guidance: FY24 Annual Outlook Prior FY24 Annual Outlook Net sales At least $3.5 billion At least $3.8 billion Adjusted EBITDA (Non-GAAP) At least $155 million At least $170 million Free cash flow At least $200 million At least $200 million
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SCANSOURCE, INC. reported second quarter ended December 31, 2023 results: revenue $884,792, net income $32,726, EPS $1.29.

Period
second quarter ended December 31, 2023
Revenue
$884,792
Net income
$32,726
EPS
$1.29
Result
reported results
Exact text from the filing
Second Quarter Summary Q2 FY24 Q2 FY23 Change (in thousands, except per share data) Select reported measures: Net sales $ 884,792 $ 1,011,241 -12.5% Gross profit $ 100,748 $ 115,334 -12.6% Gross profit margin % 11.39 % 11.41 % -2bp Operating income $ 26,826 $ 39,432 -32.0% GAAP net income $ 32,726 $ 25,734 27.2% GAAP diluted EPS $ 1.29 $ 1.01 27.7%
View on SEC.gov

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR
accession 0000918965-24-000005
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