secwatch.observer — SEC 8-K summary
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Issuer:     SCANSOURCE, INC. (SCSC)
CIK:        0000918965
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000918965-24-000013
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/0000918965-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/918965/000091896524000013/scsc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0000918965-24-000013

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