ScanSource, Inc. is at the center of the technology solution delivery channel, connecting businesses and providing solutions for their complex needs. ScanSource sells through multiple, specialized routes-to-market with digital, physical and services offerings from the world’s leading suppliers of point-of-sale (POS), payments, barcode, physical security, unified communications and collaboration, telecom, and cloud services. ScanSource enables its sales partners to create, deliver and manage solutions for end-customers across almost every vertical market. Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource was named one of the 2020 Best Places to Work in South Carolina and on FORTUNE magazine’s 2020 List of World’s Most Admired Companies. ScanSource ranks #654 on the Fortune 1000.
Company profile
Ticker
SCSC
Exchange
Website
CEO
Michael Baur
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
SCANSOURCE INC
SEC CIK
Corporate docs
Subsidiaries
4100 Quest, LLC • ScanSource Properties, LLC • Logue Court Properties, LLC • 8650 Commerce Drive, LLC • ScanSource Canada, Inc. • Canpango, Inc. • Intelisys, Inc. • ScanSource Payments, Inc. • POS Portal, Inc. • Outsourcing Unlimited, Inc. ...
IRS number
570965380
SCSC stock data
News
Looking Into ScanSource's Return On Capital Employed
8 Jun 22
12 Information Technology Stocks Moving In Wednesday's Intraday Session
11 May 22
ScanSource: Q3 Earnings Insights
10 May 22
ScanSource Q3 EPS $1.04 Beats $0.67 Estimate, Sales $846.00M Beat $759.50M Estimate
10 May 22
Earnings Scheduled For May 10, 2022
10 May 22
Press releases
ScanSource to Present and Host Investor Meetings at the 12th Annual East Coast IDEAS Investor Conference
15 Jun 22
ScanSource Releases 2021 Environmental, Social, and Governance (ESG) Report
20 May 22
ScanSource Delivers Outstanding Third Quarter Performance
10 May 22
ScanSource Leaders Recognized as CRN's 2022 Women of the Channel
9 May 22
ScanSource to Announce Third Quarter Fiscal Year 2022 Results May 10, 2022
22 Apr 22
Calendar
10 May 22
26 Jun 22
30 Jun 22
Financial summary
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| Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 43.54M | 43.54M | 43.54M | 43.54M | 43.54M | 43.54M |
| Cash burn (monthly) | (no burn) | 481.83K | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 1.38M | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 42.15M | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 87.5 | n/a | n/a | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Jun 22 | Michael L Baur | Common Stock | Sell | Dispose S | No | No | 37.3 | 1,738 | 64.83K | 75,954 |
| 9 Jun 22 | Michael L Baur | Common Stock | Sell | Dispose S | No | No | 38.07 | 100 | 3.81K | 77,692 |
| 9 Jun 22 | Michael L Baur | Common Stock | Sell | Dispose S | No | No | 38.21 | 1,400 | 53.49K | 77,792 |
| 8 Jun 22 | Michael L Baur | Common Stock | Sell | Dispose S | No | No | 38.74 | 1,800 | 69.73K | 79,192 |
| 7 Jun 22 | Rachel Hayden | Common Stock | Payment of exercise | Dispose F | No | No | 39.37 | 611 | 24.06K | 12,191 |
| 26 May 22 | Charles R Whitchurch | Common Stock | Sell | Dispose S | No | No | 38.67 | 2,000 | 77.34K | 17,500 |
| 20 May 22 | Charles R Whitchurch | Common Stock | Sell | Dispose S | No | No | 36.65 | 2,000 | 73.3K | 19,500 |
| 1 Mar 22 | Stephen Jones | Common Stock | Payment of exercise | Dispose F | No | No | 31.51 | 3,027 | 95.38K | 35,551 |
Institutional ownership, Q1 2022
97.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 149 |
| Opened positions | 12 |
| Closed positions | 12 |
| Increased positions | 45 |
| Reduced positions | 61 |
| 13F shares | Current |
|---|---|
| Total value | 856.41M |
| Total shares | 24.61M |
| Total puts | 23.4K |
| Total calls | 7.4K |
| Total put/call ratio | 3.2 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 4.89M | $170.15M |
| Vanguard | 2.9M | $101M |
| Victory Capital Management | 2.13M | $74.14M |
| Dimensional Fund Advisors | 1.89M | $65.78M |
| PZN Pzena Investment Management | 1.67M | $58.22M |
| FMR | 1.6M | $55.68M |
| STT State Street | 995.19K | $34.62M |
| LSV Asset Management | 656.25K | $22.83M |
| JPM JPMorgan Chase & Co. | 644.89K | $22.44M |
| IVZ Invesco | 640.59K | $22.29M |
Financial report summary
?Risks
- Cyber security risk - Our reputation and business may be harmed from cyber security risk and we may be subject to legal claims if there is loss, disclosure or misappropriation of or access to our customers' or our business partners' or our own information or other breaches of our information security.
- Organic growth strategies - If we fail to effectively manage and implement our operating strategies, we may experience a negative effect on our business and financial results.
- IT Systems - Our ability to manage our business and monitor results is highly dependent upon information and communication systems. A failure of these systems could disrupt our business.
- Credit exposure - We have credit exposure to our customers. Any adverse trends or significant adverse incidents in their businesses could cause us to suffer credit losses.
- Customers - We operate in a highly competitive environment and good customer relations are critical to our success. There can be no assurance that we will be able to retain and expand our customer relationships or acquire new customers.
- Suppliers - Changes to supply agreement terms or lack of product availability from our suppliers could adversely affect our operating margins, revenues or the level of capital required to fund our operations.
- Liquidity and capital resources - Market factors and our business performance may increase the cost and availability of capital. Additional capital may not be available to us on acceptable terms to fund our working capital needs and growth.
- Fair value measurement of goodwill and other intangible assets - Changes in the fair value of the assets and liabilities measured at fair value could have a significant effect on our reported earnings.
- Disruptive technology - We may not be able to respond and adapt to rapid technological changes, evolving industry standards or changing customer needs or requirements, and thus may become less competitive.
- Inventory - The value of our inventory may be adversely affected by market and other factors.
Management Discussion
- (a) A reconciliation of non-GAAP net sales in constant currency is presented at the end of Results of Operations, under Non-GAAP Financial Information.
- The Specialty Technology Solutions segment consists of sales to customers in North America and Brazil. For the quarter and nine months ended March 31, 2022, net sales for the Specialty Technology Solutions segment increased $66.6 million, or 15.3%, and $201.2 million, or 15.5%, respectively, compared to the prior-year periods. Excluding the foreign exchange positive impact, adjusted net sales increased $65.7 million, or 15.1%, for the quarter ended March 31, 2022 and $200.8 million, or 15.4%, for the nine months ended March 31, 2022 compared to the prior-year periods. The increase in net sales and adjusted net sales for the quarter and nine months periods is primarily due to broad-based demand across our technologies.
- The Modern Communications & Cloud segment consists of sales to customers in North America, Brazil, Europe and the UK. For the quarter and nine months ended March 31, 2022, net sales for the Modern Communications & Cloud segment increased $49.5 million, or 16.9%, and $68.3 million, or 6.8%, respectively, compared to the prior-year periods. Excluding the foreign exchange positive impact, adjusted net sales increased $46.8 million, or 16.0%, for the quarter ended March 31, 2022 and $65.7 million, or 6.6%, for the nine months ended March 31, 2022 compared to the prior-year periods. The increase in net sales and adjusted net sales for the quarter and nine months periods is primarily due to increased demand across our communications solutions. For our Intelisys business, net sales for the third quarter and nine-month period of fiscal year 2022 increased 18.2% and 15.4%, respectively, year-over-year.
Content analysis
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New words:
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Removed:
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Financial reports
Current reports
8-K
Scansource Delivers Outstanding Third Quarter Performance
10 May 22
8-K
ScanSource, Inc. Names John Eldh as President
9 Feb 22
8-K
Scansource Delivers Outstanding Second Quarter Performance
8 Feb 22
8-K
Departure of Directors or Certain Officers
27 Jan 22
8-K
Entry into a Material Definitive Agreement
23 Dec 21
8-K
Scansource Delivers Strong First Quarter Performance
9 Nov 21
8-K
Scansource Delivers Strong Fourth Quarter Sales and Profitability Growth
24 Aug 21
8-K
Scansource Delivers Strong Third Quarter Profits
10 May 21
8-K
Scansource Delivers a Strong Second Quarter
2 Feb 21
8-K
Submission of Matters to a Vote of Security Holders
29 Jan 21
Registration and prospectus
S-8
Registration of securities for employees
27 Jan 22
S-8
Registration of securities for employees
4 Dec 13
S-8
Registration of securities for employees
4 Dec 13
S-8
Registration of securities for employees
25 Aug 10
S-8
Registration of securities for employees
23 Sep 08
SC TO-I/A
Issuer tender offer statement (amended)
9 Dec 07
SC TO-I/A
Issuer tender offer statement (amended)
12 Nov 07
SC TO-I
Issuer tender offer statement
6 Nov 07
SC TO-C
Information about tender offer
5 Nov 07
S-8
Registration of securities for employees
27 Jun 07
Proxies
Other
UPLOAD
Letter from SEC
27 Apr 22
CORRESP
Correspondence with SEC
25 Apr 22
UPLOAD
Letter from SEC
27 Mar 22
UPLOAD
Letter from SEC
26 Apr 20
CORRESP
Correspondence with SEC
22 Apr 20
UPLOAD
Letter from SEC
8 Apr 20
CT ORDER
Confidential treatment order
12 Jul 19
CT ORDER
Confidential treatment order
12 Jul 19
CT ORDER
Confidential treatment order
12 Jul 19
CT ORDER
Confidential treatment order
26 Apr 19
Ownership
4
SCANSOURCE / MICHAEL L BAUR ownership change
10 Jun 22
4
SCANSOURCE / Rachel Hayden ownership change
9 Jun 22
4
SCANSOURCE / CHARLES R WHITCHURCH ownership change
31 May 22
4
SCANSOURCE / CHARLES R WHITCHURCH ownership change
23 May 22
4
SCANSOURCE / Stephen Jones ownership change
3 Mar 22
SC 13G/A
SCANSOURCE / VANGUARD ownership change
9 Feb 22
SC 13G/A
SCANSOURCE / FMR ownership change
9 Feb 22
SC 13G/A
SCANSOURCE / DIMENSIONAL FUND ADVISORS ownership change
7 Feb 22
SC 13G/A
SCANSOURCE / VICTORY CAPITAL MANAGEMENT ownership change
2 Feb 22
SC 13G/A
SCANSOURCE / BlackRock ownership change
27 Jan 22
Transcripts
2022 Q3
Earnings call transcript
13 May 22
2022 Q2
Earnings call transcript
9 Feb 22
2022 Q1
Earnings call transcript
12 Nov 21
2021 Q4
Earnings call transcript
24 Aug 21
2021 Q1
Earnings call transcript
11 May 21
2021 Q2
Earnings call transcript
3 Feb 21
2021 Q1
Earnings call transcript
9 Nov 20
2020 Q4
Earnings call transcript
31 Aug 20
2020 Q3
Earnings call transcript
13 May 20
2020 Q2
Earnings call transcript
4 Feb 20
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