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Stock impact report

ScanSource Reports Second Quarter Results [Yahoo! Finance]

ScanSource, Inc. (SCSC) 
Last scansource, inc. earnings: 2/4 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: scansource.com/en/investors
Company Research Source: Yahoo! Finance
leading hybrid distributor connecting devices to the cloud, today announced financial results for the second quarter ended December 31, 2023. Second Quarter Summary Q2 FY24 Q2 FY23 Change (in thousands, except per share data) Select reported measures: Net sales Gross profit Gross profit margin % -2bp Operating income GAAP net income GAAP diluted EPS Operating cash flow n/m Select Non-GAAP measures: Adjusted EBITDA Adjusted EBITDA margin % -48bp Non-GAAP net income Non-GAAP diluted EPS Free cash flow n/m n/m - not meaningful "Strong cash flow and Intelisys recurring revenue growth are the highlights for our second quarter results," said Mike Baur, Chair and CEO, ScanSource, Inc. "Our teams are navigating well through the challenging industry demand cycles." Quarterly Results Net sales for the second quarter of fiscal year 2024 totaled $884.8 million, down 12.5% year-over-year. Specialty Technology Solutions net sales for the second Show less Read more
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