secwatch / observer
8-K filed May 7, 2024, 7:59 PM ET ticker SCSC CIK 0000918965
earnings confidence high sentiment negative materiality 0.70

ScanSource Q3 net sales $753M (-15% YoY); GAAP EPS $0.50 vs $0.83; new $100M buyback authorized

SCANSOURCE, INC.

2024-Q3 EPS reported $2.41 revenue$2,513,696,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SCANSOURCE, INC. reported third quarter ended March 31, 2024 results: revenue $ 752,599, net income $ 12,806, EPS $ 0.50. Guidance reaffirmed.

Period
third quarter ended March 31, 2024
Revenue
$ 752,599
Net income
$ 12,806
EPS
$ 0.50
Guidance
reaffirmed
Result
reported results
Exact text from the filing
the third quarter ended March 31, 2024. Third Quarter Summary Q3 FY24 Q3 FY23 Change (in thousands, except percentages and per share data) Select reported measures: Net sales $ 752,599 $ 885,519 -15.0% Gross profit $ 94,481 $ 111,762 -15.5% Gross profit margin % 12.55 % 12.62 % -7bp Operating income $ 17,542 $ 34,279 -48.8% GAAP net income $ 12,806 $ 21,221
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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

SCANSOURCE, INC.: Amended Bylaws to update director nomination procedures per Rule 14a-19, including compliance, failure consequences, and proxy card color requirements (effective 2024-05-01).

Change
bylaw amendment
Effective
2024-05-01
Exact text from the filing
On May 1, 2024, the Company amended its Amended and Restated Bylaws (as amended, the “Bylaws”). The Bylaws were amended to update certain procedural requirements relating to director nominations by shareholders in light of the adoption and effectiveness of Rule 14a-19 promulgated under the Exchange Act.
View on SEC.gov

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SCANSOURCE, INC. filing history →

Source: SEC EDGAR
accession 0000918965-24-000013
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