---
schema_version: "secwatch.filing_event.v1"
accession: "0000918965-24-000005"
form_type: "8-K"
ticker: "SCSC"
cik: "0000918965"
company_name: "SCANSOURCE, INC."
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:51:57.657150+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- GAAP net income $32.7M ($1.29 diluted EPS) vs $25.7M ($1.01) YoY; non-GAAP EPS $0.85 vs $1.06.
- Net sales $884.8M, down 12.5% YoY; Specialty Tech -17%, Modern Comm & Cloud -5.1%.
- Intelisys net sales up 7.5% with annualized billings ~$2.64B; strong cash flow $63.2M Q2.
- FY24 outlook lowered: net sales at least $3.5B (from $3.8B), adj. EBITDA at least $155M (from $170M).

## SEC filing metadata
- accession: 0000918965-24-000005
- form_type: 8-K
- ticker: SCSC
- cik: 0000918965
- company_name: SCANSOURCE, INC.
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/0000918965-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/scsc-20240206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918965-24-000005
- JSON: https://secwatch.observer/filing/0000918965-24-000005.json
- Plain text: https://secwatch.observer/filing/0000918965-24-000005.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/0000918965-24-000005-index.htm
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/0000918965-24-000005-index.htm

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