---
schema_version: "secwatch.filing_event.v1"
accession: "0000918965-24-000013"
form_type: "8-K"
ticker: "SCSC"
cik: "0000918965"
company_name: "SCANSOURCE, INC."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T21:33:04.557842+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Net sales $752.6M, down 15% YoY; gross profit $94.5M (12.6% margin), down 15.5%.
- GAAP diluted EPS $0.50 (down 39.8%); Non-GAAP diluted EPS $0.69 (down 28.1%).
- Operating cash flow $160.2M; free cash flow $157.7M in the quarter.
- Board authorized new $100M share repurchase program.
- Updated FY2024 outlook: net sales at least $3.3B, adjusted EBITDA at least $140M, free cash flow at least $275M.

## SEC filing metadata
- accession: 0000918965-24-000013
- form_type: 8-K
- ticker: SCSC
- cik: 0000918965
- company_name: SCANSOURCE, INC.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/0000918965-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/scsc-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000918965-24-000013
- JSON: https://secwatch.observer/filing/0000918965-24-000013.json
- Plain text: https://secwatch.observer/filing/0000918965-24-000013.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/0000918965-24-000013-index.htm
- Governance Changes
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/0000918965-24-000013-index.htm

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