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Scansource (SCSC)
NASDAQ:SCSC
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.81Last Year’s EPS
0.69Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -25.59%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed performance for ScanSource. Despite strong gross profit margins and an increase in recurring revenue, the company faced significant challenges with declining net sales and issues in the Specialty Technology Solutions segment. The launch of new platforms and a low net debt leverage are positive signs, but the overall sentiment is tempered by current market challenges.Company Guidance
During the ScanSource quarterly earnings call, the company's leadership provided guidance for fiscal year 2025, emphasizing a cautious yet optimistic outlook despite a challenging demand environment in Q2. The firm reaffirmed its annual guidance, projecting net sales between $3.1 billion and $3.5 billion, adjusted EBITDA between $140 million and $160 million, and at least $70 million in free cash flow. Key metrics from Q2 included a 15.5% year-over-year decline in consolidated net sales and an adjusted EBITDA margin of 4.7%. The call highlighted a strong gross profit margin of 13.6%, with 32% of the gross profit derived from recurring revenue, showcasing resilience amid soft demand. The Intelisys & Advisory segment exhibited growth, with net sales and gross profits increasing by 4% and 3% year-over-year, respectively, bolstered by the Resourcive acquisition. The company also reported $34 million in year-to-date free cash flow, despite a $8 million outflow in the quarter due to timing issues. The leadership expressed confidence in achieving fiscal goals while navigating a cautious tech spending environment.Strong Gross Profit Margins
Despite a 4% decline in net sales for Q2, ScanSource achieved gross profit growth and sustained strong gross profit margins of 13.6%.
Increased Recurring Revenue
Recurring revenue contributed to 32% of consolidated gross profit, indicating a successful shift towards more stable revenue streams.
Intelisys & Advisory Segment Growth
The Intelisys & Advisory segment saw net sales and gross profits increase by 4% and 3% year-over-year, with a significant gross profit margin of 99%.
New SaaS Platform Launch
The introduction of Channel Exchange aims to enhance service offerings, potentially increasing SaaS business with double-digit growth.
Low Net Debt Leverage
ScanSource maintained a strong balance sheet with a net debt leverage ratio of 0.2x on a trailing 12-month adjusted EBITDA basis.
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SCSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SCSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $49.99 | $42.59 | -14.80% |
| Nov 07, 2024 | $50.41 | $50.77 | +0.71% |
| Aug 27, 2024 | $48.91 | $47.90 | -2.07% |
| May 07, 2024 | $44.03 | $44.86 | +1.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Scansource (SCSC) report earnings?
Scansource (SCSC) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Scansource (SCSC) earnings time?
Scansource (SCSC) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SCSC EPS forecast?
SCSC EPS forecast for the fiscal quarter 2025 (Q3) is 0.81.
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