SCSC

Conference Presentation: ScanSource, Inc. will present at the Raymond James Institutional Investors Conference on March 5, 2025, with CFO Steve Jones as the presenter; the session will be available via live webcast and archived for 30 days.

Company Overview: ScanSource is a hybrid distributor that connects devices to the cloud, supports channel partners in delivering solutions, and has received recognition as one of the best places to work in South Carolina and on Fortune's list of admired companies.

Recognition of ScanSource: ScanSource, Inc. has been named to Fortune Magazine’s 2025 list of World’s Most Admired Companies for the ninth consecutive year, highlighting its strong corporate reputation among global companies.

Company Overview: Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource is a leading hybrid distributor that connects devices to the cloud, focusing on building trusted relationships with partners and adapting to changing market demands.

Recognition: ScanSource, Inc. has been named to Fortune Magazine's 2025 list of World's Most Admired Companies for the ninth consecutive year, highlighting its strong corporate reputation among global organizations.

Company Overview: Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource is a hybrid distributor that connects devices to the cloud, supporting channel partners with innovative solutions across various technology sectors.

Conference Call Announcement: ScanSource Inc. will hold a conference call on January 30, 2025, at 10:30 AM ET to discuss its Q2 25 earnings results.

Webcast Access: Interested parties can access the live webcast of the conference call through the company's investor relations page.

Stock Performance Overview: ScanSource, Inc. (SCSC) shares have entered oversold territory with an RSI of 24.7, indicating potential exhaustion of selling pressure and possible buying opportunities.

52 Week Range Analysis: SCSC's stock has a 52-week low of $31.01 and a high of $53.90, with the latest trade recorded at $43.99.

Financial Performance: ScanSource, Inc. reported a 15.5% decrease in net sales for Q2 FY25 compared to the previous year, totaling $747.5 million, while gross profit increased by 1.0% to $101.7 million, resulting in a gross profit margin of 13.6%.

Future Outlook: The company reaffirmed its annual guidance for FY25, projecting net sales between $3.1 billion and $3.5 billion, with adjusted EBITDA expected to range from $140 million to $160 million.

Financial Guidance: ScanSource, Inc. reaffirmed its net sales guidance for the full-year 2025, estimating revenues between $3.1 billion and $3.5 billion, with analysts expecting an average of $3.28 billion.

Leadership Update: Effective January 27, 2025, Mike Baur will take on the additional role of President alongside his current positions as Chair and Chief Executive Officer.

Earnings Performance: ScanSource Inc. reported a decrease in second-quarter earnings, with net income of $17.05 million ($0.70 per share), down from $32.73 million ($1.29 per share) last year, missing analyst expectations of $0.91 per share.

Revenue Decline: The company's revenue fell 15.5% to $747.497 million compared to $884.792 million in the same quarter last year, while full-year revenue guidance is set between $3.1 to $3.5 billion.

Financial Performance: ScanSource reported a FQ2 non-GAAP EPS of $0.85 and revenue of $747.5 million, reflecting a 15.5% year-over-year decline, with shares dropping by 2.96% in after-hours trading.

Fiscal Year 2025 Outlook: The company reaffirmed its annual financial guidance for FY25, projecting net sales between $3.1 billion and $3.5 billion, adjusted EBITDA of $140 million to $160 million, and free cash flow of at least $70 million.

Earnings Release Announcement: ScanSource, Inc. will release its second quarter fiscal year 2025 results on January 30, 2025, at approximately 8:30 a.m. ET, followed by an earnings conference call at 10:30 a.m. ET that day.

Company Overview: ScanSource, Inc. is a hybrid distributor specializing in connecting devices to the cloud and has been recognized as one of the best places to work in South Carolina and among the world's most admired companies by Fortune magazine.

ScanSource's Shareholder Approval: ScanSource, Inc. received shareholder approval for its 2024 Omnibus Incentive Compensation Plan, which replaces the previous plan and includes stock-based awards for employees, reflecting strong support from shareholders.

Company Performance Metrics: The company has a year-to-date price performance of 31.10%, an average trading volume of 198,006, and a current market cap of $1.24 billion, with a technical sentiment consensus rating of "Sell."

Top Stocks with Strong Value Characteristics: Three stocks recommended for investors include NCR Atleos Corporation, ScanSource, Inc., and Unity Bancorp, Inc., all carrying a Zacks Rank #1 and showing positive earnings estimates growth over the last 60 days.

Value Scores and P/E Ratios: NCR Atleos has a P/E ratio of 10.85, ScanSource at 15.03, and Unity Bancorp at 11.35, indicating strong value characteristics compared to their respective industry averages.

Company Presentation Announcement: ScanSource, Inc. will present at the Raymond James TMT and Consumer Conference in New York on December 10, 2024, with CEO Mike Baur as the presenter; the session will be available via live webcast and archived for 30 days.

About ScanSource: Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource is a hybrid distributor that connects devices to the cloud and supports channel partners across various technology sectors; it has received accolades such as being named one of the Best Places to Work in South Carolina.

Channel Exchange Launch: Intelisys is enhancing its SaaS marketplace with the launch of Channel Exchange, a platform designed to streamline sales processes and provide partners access to a curated catalog of SaaS solutions, set to launch on December 9, 2024.

Features and Benefits: The new platform will offer features such as automated quoting, real-time reporting, subscription management, and customizable storefronts, aimed at helping partners better serve their customers and accelerate growth strategies.

Quarterly Earnings Overview: ScanSource Inc reported strong free cash flow and EPS growth despite a soft demand environment, with consolidated sales declining 11.5% year-over-year but adjusted EBITDA growing by 2%. The company emphasized its hybrid distribution strategy and the importance of recurring revenue streams from recent acquisitions.

Future Outlook and Strategy: The company reaffirmed its fiscal year 2025 guidance, anticipating a gradual improvement in demand while maintaining a cautious approach to tech spending. They also highlighted ongoing efforts in M&A to acquire high-margin, working capital-light businesses and adjustments made to SG&A expenses to align with market conditions.

Financial Performance Overview: ScanSource, Inc. reported a 11.5% decline in net sales for Q1 FY25 compared to the previous year, totaling $775.6 million, while gross profit decreased by 4.6%. However, GAAP net income increased by 10% to $17 million, and non-GAAP diluted EPS rose by 13.5% to $0.84.

Strategic Developments: The company has realigned its operating segments to enhance its hybrid distribution strategy and completed acquisitions of Resourcive and Advantix, aiming to strengthen its advisory services and integrated solutions offerings.

Earnings Performance: ScanSource Inc. reported a profit of $16.974 million ($0.69 per share) for Q1, an increase from $15.432 million ($0.61 per share) in the previous year, exceeding analyst expectations of $0.78 per share.

Revenue Decline: The company's revenue fell 11.5% to $775.580 million compared to $876.305 million last year, with full-year revenue guidance set between $3.1 billion and $3.5 billion.

Conference Call Announcement: ScanSource Inc. will hold a conference call on November 7, 2024, at 10:30 AM ET to discuss their Q1 25 earnings results.

Webcast Access Information: Interested parties can access the live webcast by visiting ScanSource's investor relations page.

Earnings Performance: ScanSource reported a Q1 Non-GAAP EPS of $0.84, exceeding expectations by $0.06, while revenue fell to $775.58 million, missing estimates by $24.35 million and showing an 11.5% year-over-year decline.

Future Outlook: For FY25, ScanSource projects net sales between $3.1 billion and $3.5 billion, with adjusted EBITDA expected to be between $140 million and $160 million, and free cash flow anticipated to be at least $70 million.

Stock Performance Overview: SCSC's stock has a 52-week low of $27.86 and a high of $53.285, with the last trade recorded at $44.87.

Market Analysis Note: The article suggests checking additional stocks that have recently fallen below their 200-day moving average.