earnings
confidence high
sentiment neutral
materiality 0.75
ScanSource Q4 revenue down 21% YoY to $746M; FY cash flow strong at $372M
SCANSOURCE, INC.
2024-FY EPS reported
$3.06
revenue$3,259,809,000
- GAAP diluted EPS $0.64 (Q4), down 5.9% YoY; non-GAAP diluted EPS $0.80, up 5.3% YoY.
- Full-year FY24 net sales $3.26B (-13.9% YoY); gross margin expanded 38bp to 12.24%.
- Operating cash flow $54.7M in Q4 vs -$15.3M prior year; FY free cash flow $363M.
- FY25 outlook: net sales $3.1-3.5B, adjusted EBITDA $140-160M, free cash flow ≥$70M.
- Announced acquisitions of high-margin recurring revenue businesses; $43M share repurchases in FY24.