ScanSource Appoints Mark Morgan as President of Specialty Technologies
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy SCSC?
Source: Newsfilter
- Leadership Change: ScanSource, Inc. has appointed Mark Morgan as President of Specialty Technologies, aiming to further advance the company's strategic focus on delivering customized solutions to meet the needs of a growing ecosystem of channel partners.
- Transformation Driver: Since joining ScanSource in 2003, Morgan has been instrumental in the company's evolution from a traditional hardware distributor to a leader in hardware, software, cloud, and connectivity, driving several strategic acquisitions that enhanced the company's market capabilities.
- Opportunity Capture: Morgan's leadership will assist partners in discovering and seizing new growth opportunities, particularly in accelerating the growth of the Converged Sales Team and the Specialty business, thereby enhancing the company's competitiveness in complex technology sectors.
- Acknowledgment of Former Leader: The company also expresses gratitude to Tony Sorrentino for his contributions over the past 26 years as he resigns, with Morgan continuing to report to Chairman and CEO Mike Baur to ensure a smooth leadership transition.
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Analyst Views on SCSC
Wall Street analysts forecast SCSC stock price to rise
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 36.080
Low
43.00
Averages
43.00
High
43.00
Current: 36.080
Low
43.00
Averages
43.00
High
43.00
No data
About SCSC
ScanSource, Inc. is a hybrid distributor connecting devices to the cloud and accelerating growth for channel partners across hardware, software as a service (SaaS), connectivity and cloud. It uses multiple sales models to offer hybrid distribution solutions from suppliers of specialty technologies, connectivity and cloud. The Company's segments include Specialty Technology Solutions and Intelisys & Advisory. The Specialty Technology Solutions segment include mobility and barcode solutions, security solutions, networking solutions, and communications and collaboration solutions. The Intelisys & Advisory segment operates primarily in the United States and distributes connectivity and cloud services through an agency sales model. The connectivity and cloud services include telecom, cable, unified communications as a service, contact center as a service (CCaaS), infrastructure as a service (IaaS), software-defined wide-area network (SD-WAN) and other cloud services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
ScanSource Reports Disappointing Earnings, Market Reaction Muted
- ScanSource Earnings Overview: ScanSource (NASDAQ:SCSC) reported Q4 revenues of $766.5 million, a 2.5% year-over-year increase, but fell short of analyst expectations, resulting in a 14.1% stock decline to $38.09, indicating market concerns about future growth.
- Industry Performance: The IT distribution and solutions sector performed well overall, with eight tracked companies exceeding revenue estimates by 2.3%, although next quarter's revenue guidance was 0.6% below expectations, reflecting the mixed challenges and opportunities in the industry.
- ePlus Outperformance: ePlus (NASDAQ:PLUS) achieved Q4 revenues of $614.8 million, up 24.6% year-over-year, surpassing analyst expectations by 11.4%, yet its stock fell 6.5% to $80.49, suggesting market caution regarding future performance despite strong results.
- Strong Growth for TD SYNNEX: TD SYNNEX (NYSE:SNX) reported revenues of $17.38 billion, a 9.7% year-over-year increase, exceeding analyst expectations by 2.6%, with a 6.1% stock increase to $160.25, highlighting its recognized role in the technology supply chain.
See More
ScanSource Appoints Mark Morgan as President of Specialty Technologies
- Leadership Change: ScanSource, Inc. has appointed Mark Morgan as President of Specialty Technologies, aiming to further advance the company's strategic focus on delivering customized solutions to meet the needs of a growing ecosystem of channel partners.
- Transformation Driver: Since joining ScanSource in 2003, Morgan has been instrumental in the company's evolution from a traditional hardware distributor to a leader in hardware, software, cloud, and connectivity, driving several strategic acquisitions that enhanced the company's market capabilities.
- Opportunity Capture: Morgan's leadership will assist partners in discovering and seizing new growth opportunities, particularly in accelerating the growth of the Converged Sales Team and the Specialty business, thereby enhancing the company's competitiveness in complex technology sectors.
- Acknowledgment of Former Leader: The company also expresses gratitude to Tony Sorrentino for his contributions over the past 26 years as he resigns, with Morgan continuing to report to Chairman and CEO Mike Baur to ensure a smooth leadership transition.
See More
ScanSource Q2 2026 Earnings Call Insights
- Financial Performance Overview: ScanSource reported a 3% year-over-year increase in net sales and a 1% rise in gross profit for Q2, but unexpected expenses negatively impacted EBITDA margins, indicating pressure on profitability.
- Strategic Shift: The company launched a unified communications sales team aimed at integrating hardware and cloud services to strengthen partner relationships and expand market share in a rapidly evolving tech ecosystem.
- Outlook Adjustment: Management revised full-year revenue expectations to a range of $3.0 billion to $3.1 billion, with adjusted EBITDA projected between $140 million and $150 million, reflecting uncertainty regarding the timing of large deals.
- Market Challenges: The Brazilian market experienced a 9% organic decline, attributed to market conditions, while management emphasized the need to monitor high period expenses and the slowdown in large deals impacting business growth.
See More
ScanSource Q2 Earnings Miss Expectations
- Earnings Performance: ScanSource reported a Q2 non-GAAP EPS of $0.80, missing expectations by $0.21, indicating a decline in profitability that may affect investor confidence.
- Revenue Growth Weakness: The second quarter revenue of $766.51 million, up 2.5% year-over-year, fell short of market expectations by $15.95 million, reflecting challenges from increased competition and weak demand.
- Recurring Revenue Growth: Despite the overall revenue miss, ScanSource's recurring revenue increased by 15.9% year-over-year, indicating sustained demand for its products and services, which may provide stability for future revenues.
- Annual Financial Outlook Adjustment: ScanSource revised its fiscal year 2026 net sales and adjusted EBITDA expectations, projecting net sales between $3.0 billion and $3.1 billion, below the consensus of $3.14 billion, reflecting a cautious outlook on future market conditions.
See More
ScanSource (SCSC) to Release Q2 FY2026 Results on February 5, 2026
- Earnings Release Schedule: ScanSource plans to release its second quarter fiscal year 2026 results on February 5, 2026, at approximately 8:30 a.m. ET, reflecting the company's commitment to transparency.
- Conference Call Arrangement: On the same day, ScanSource management will host a conference call at 10:30 a.m. ET to discuss the financial results, enhancing communication with investors.
- Webcast Access: Investors can access the earnings call via a live webcast on ScanSource's Investor Relations website, demonstrating the company's modernization and convenience in information dissemination.
- Company Background: Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource focuses on distributing complex technologies and has been recognized as one of the Best Places to Work in South Carolina for 2025, highlighting its strong reputation in the industry.
See More
Considering a Growth Stock? Here Are 3 Reasons Why ScanSource (SCSC) is a Strong Option
Growth Stocks Overview: Growth stocks are appealing due to their potential for above-average financial growth, but they come with higher volatility and risk, making it challenging to identify the best options.
ScanSource Recommendation: ScanSource (SCSC) is highlighted as a strong growth stock, boasting a favorable Growth Score and a Zacks Rank of #2, indicating its potential for outperforming the market.
Key Growth Metrics: The company shows promising earnings growth, with a projected EPS increase of 15.5% this year, and an asset utilization ratio of 1.73, significantly higher than the industry average, indicating efficient sales generation.
Positive Earnings Trends: Recent upward revisions in earnings estimates for ScanSource further support its growth potential, making it a solid choice for growth investors looking for outperformers.
See More
ScanSource Reports Disappointing Earnings, Market Reaction Muted
- ScanSource Earnings Overview: ScanSource (NASDAQ:SCSC) reported Q4 revenues of $766.5 million, a 2.5% year-over-year increase, but fell short of analyst expectations, resulting in a 14.1% stock decline to $38.09, indicating market concerns about future growth.
- Industry Performance: The IT distribution and solutions sector performed well overall, with eight tracked companies exceeding revenue estimates by 2.3%, although next quarter's revenue guidance was 0.6% below expectations, reflecting the mixed challenges and opportunities in the industry.
- ePlus Outperformance: ePlus (NASDAQ:PLUS) achieved Q4 revenues of $614.8 million, up 24.6% year-over-year, surpassing analyst expectations by 11.4%, yet its stock fell 6.5% to $80.49, suggesting market caution regarding future performance despite strong results.
- Strong Growth for TD SYNNEX: TD SYNNEX (NYSE:SNX) reported revenues of $17.38 billion, a 9.7% year-over-year increase, exceeding analyst expectations by 2.6%, with a 6.1% stock increase to $160.25, highlighting its recognized role in the technology supply chain.
See More
ScanSource Appoints Mark Morgan as President of Specialty Technologies
- Leadership Change: ScanSource, Inc. has appointed Mark Morgan as President of Specialty Technologies, aiming to further advance the company's strategic focus on delivering customized solutions to meet the needs of a growing ecosystem of channel partners.
- Transformation Driver: Since joining ScanSource in 2003, Morgan has been instrumental in the company's evolution from a traditional hardware distributor to a leader in hardware, software, cloud, and connectivity, driving several strategic acquisitions that enhanced the company's market capabilities.
- Opportunity Capture: Morgan's leadership will assist partners in discovering and seizing new growth opportunities, particularly in accelerating the growth of the Converged Sales Team and the Specialty business, thereby enhancing the company's competitiveness in complex technology sectors.
- Acknowledgment of Former Leader: The company also expresses gratitude to Tony Sorrentino for his contributions over the past 26 years as he resigns, with Morgan continuing to report to Chairman and CEO Mike Baur to ensure a smooth leadership transition.
See More
ScanSource Q2 2026 Earnings Call Insights
- Financial Performance Overview: ScanSource reported a 3% year-over-year increase in net sales and a 1% rise in gross profit for Q2, but unexpected expenses negatively impacted EBITDA margins, indicating pressure on profitability.
- Strategic Shift: The company launched a unified communications sales team aimed at integrating hardware and cloud services to strengthen partner relationships and expand market share in a rapidly evolving tech ecosystem.
- Outlook Adjustment: Management revised full-year revenue expectations to a range of $3.0 billion to $3.1 billion, with adjusted EBITDA projected between $140 million and $150 million, reflecting uncertainty regarding the timing of large deals.
- Market Challenges: The Brazilian market experienced a 9% organic decline, attributed to market conditions, while management emphasized the need to monitor high period expenses and the slowdown in large deals impacting business growth.
See More
ScanSource Q2 Earnings Miss Expectations
- Earnings Performance: ScanSource reported a Q2 non-GAAP EPS of $0.80, missing expectations by $0.21, indicating a decline in profitability that may affect investor confidence.
- Revenue Growth Weakness: The second quarter revenue of $766.51 million, up 2.5% year-over-year, fell short of market expectations by $15.95 million, reflecting challenges from increased competition and weak demand.
- Recurring Revenue Growth: Despite the overall revenue miss, ScanSource's recurring revenue increased by 15.9% year-over-year, indicating sustained demand for its products and services, which may provide stability for future revenues.
- Annual Financial Outlook Adjustment: ScanSource revised its fiscal year 2026 net sales and adjusted EBITDA expectations, projecting net sales between $3.0 billion and $3.1 billion, below the consensus of $3.14 billion, reflecting a cautious outlook on future market conditions.
See More
ScanSource (SCSC) to Release Q2 FY2026 Results on February 5, 2026
- Earnings Release Schedule: ScanSource plans to release its second quarter fiscal year 2026 results on February 5, 2026, at approximately 8:30 a.m. ET, reflecting the company's commitment to transparency.
- Conference Call Arrangement: On the same day, ScanSource management will host a conference call at 10:30 a.m. ET to discuss the financial results, enhancing communication with investors.
- Webcast Access: Investors can access the earnings call via a live webcast on ScanSource's Investor Relations website, demonstrating the company's modernization and convenience in information dissemination.
- Company Background: Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource focuses on distributing complex technologies and has been recognized as one of the Best Places to Work in South Carolina for 2025, highlighting its strong reputation in the industry.
See More
Considering a Growth Stock? Here Are 3 Reasons Why ScanSource (SCSC) is a Strong Option
Growth Stocks Overview: Growth stocks are appealing due to their potential for above-average financial growth, but they come with higher volatility and risk, making it challenging to identify the best options.
ScanSource Recommendation: ScanSource (SCSC) is highlighted as a strong growth stock, boasting a favorable Growth Score and a Zacks Rank of #2, indicating its potential for outperforming the market.
Key Growth Metrics: The company shows promising earnings growth, with a projected EPS increase of 15.5% this year, and an asset utilization ratio of 1.73, significantly higher than the industry average, indicating efficient sales generation.
Positive Earnings Trends: Recent upward revisions in earnings estimates for ScanSource further support its growth potential, making it a solid choice for growth investors looking for outperformers.
See More
