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Scansource (SCSC)
NASDAQ:SCSC
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.91Last Year’s EPS
0.85Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 0.10%
|Next Earnings Date:Aug 28, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view of ScanSource's performance, with strong free cash flow and EPS growth, successful acquisitions, and improvements in certain segments. However, these positives were offset by a decline in year-over-year sales and challenges in the demand environment, including currency impacts and cautious tech spending. The sentiment reflects cautious optimism, with strategic adjustments and expectations for gradual improvement.Company Guidance
During the earnings call for Q1 2025, ScanSource reaffirmed its annual guidance, highlighting several key metrics and strategic initiatives. The company reported a consolidated sales decline of 11.5% year-over-year, yet achieved a 2% growth in adjusted EBITDA, attributed to a higher mix of recurring revenue and reduced SG&A expenses. Gross profit margins for the quarter stood at 13.1%, with adjusted EBITDA margins at 4.6%, and free cash flow reached $42 million. The Specialty Technology Solutions segment saw a 12% year-over-year decline in net sales but a 4% increase quarter-over-quarter, with recurring revenue contributing approximately 13% to gross profit. Meanwhile, the Intelisys & Advisory segment experienced a 4% increase in both net sales and gross profits year-over-year, with gross profit margins nearly at 100% and an adjusted EBITDA margin of 38.3%. The company maintained a strong balance sheet with $145 million in cash and executed $28 million in share repurchases. For fiscal year 2025, ScanSource expects 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, while continuing to pursue acquisitions and share repurchases within a target net leverage ratio of 1x to 2x adjusted EBITDA.Strong Free Cash Flow and EPS Growth
Despite a soft demand environment, ScanSource delivered strong free cash flow of $42 million and EPS growth for the quarter, demonstrating the success of their hybrid distribution strategy.
Adjusted EBITDA and Gross Profit Margin Improvement
Adjusted EBITDA grew by 2% year-over-year, while gross profit margins increased to 13.1%, indicating effective cost management and a favorable revenue mix.
Successful Acquisitions
ScanSource completed the acquisitions of Resourcive and Advantix in August, aligning with their strategy of acquiring high-margin, recurring revenue businesses.
Intelisys & Advisory Segment Growth
Net sales and gross profits in the Intelisys & Advisory segment increased by 4% year-over-year, with an adjusted EBITDA margin of 38.3%.
Improved Cash Conversion Cycle
The company reported improvements in working capital efficiency, contributing to a strong cash position of $145 million and a net debt leverage ratio of 0.
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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 |
|---|---|---|---|
| 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% |
| Feb 06, 2024 | $38.72 | $36.61 | -5.45% |
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 Feb 11, 2025, TBA Not Confirmed.
What is Scansource (SCSC) earnings time?
Scansource (SCSC) earnings time is at Feb 11, 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 (Q2) is 0.91.
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