secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000918965-24-000005
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/0000918965-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000091896524000005/scsc-20240206.htm
  HTML page:      https://secwatch.observer/filing/0000918965-24-000005

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