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SCSC Scansource

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
CEO
Michael Baur
Employees
Incorporated
Location
Fiscal year end
Former names
SCANSOURCE INC
SEC CIK
IRS number
570965380

SCSC stock data

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Calendar

10 May 21
13 Jun 21
30 Jun 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 20 Jun 19 Jun 18 Jun 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Scansource earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 49.32M 49.32M 49.32M 49.32M 49.32M 49.32M
Cash burn (monthly) 5.96M (positive/no burn) (positive/no burn) 6.27M 504.67K (positive/no burn)
Cash used (since last report) 14.61M n/a n/a 15.39M 1.24M n/a
Cash remaining 34.71M n/a n/a 33.93M 48.08M n/a
Runway (months of cash) 5.8 n/a n/a 5.4 95.3 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
11 Mar 21 Grainger Michael J Common Stock Sell Dispose S No No 32.35 5,300 171.46K 30,200
1 Mar 21 Stephen Jones Common Stock Grant Aquire A No No 29.11 27,482 800K 27,482
18 Dec 20 Michael L Baur Common Stock Gift Dispose G No No 0 7,449 0 92,585
10 Dec 20 Gerald Lyons Common Stock Payment of exercise Dispose F No No 27.48 640 17.59K 18,024
10 Dec 20 Dean Matthew Common Stock Payment of exercise Dispose F No No 27.48 296 8.13K 20,434

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 135 128 +5.5%
Opened positions 16 10 +60.0%
Closed positions 9 7 +28.6%
Increased positions 40 42 -4.8%
Reduced positions 51 49 +4.1%
13F shares
Current Prev Q Change
Total value 1.32B 644.33M +104.4%
Total shares 24.19M 24.42M -0.9%
Total puts 0 0
Total calls 8.2K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
BLK Blackrock 4.89M $146.43M +5.5%
Vanguard 2.76M $82.67M +0.9%
Dimensional Fund Advisors 1.95M $58.35M -3.6%
FMR 1.92M $57.56M -1.7%
Victory Capital Management 1.91M $57.18M +14.5%
PZN Pzena Investment Management 1.73M $51.67M +0.6%
JPM JPMorgan Chase & Co. 927.48K $27.78M -10.9%
STT State Street 837.95K $25.1M -3.8%
LSV Asset Management 810.92K $24.29M -2.0%
Charles Schwab Investment Management 489.46K $14.66M +2.7%
Largest transactions
Shares Bought/sold Change
Norges Bank 0 -344.63K EXIT
BLK Blackrock 4.89M +255.5K +5.5%
Victory Capital Management 1.91M +241.3K +14.5%
JPM JPMorgan Chase & Co. 927.48K -113.08K -10.9%
Dimensional Fund Advisors 1.95M -72.02K -3.6%
Foundry Partners 137.07K -63.22K -31.6%
NTRS Northern Trust 341.04K -60.48K -15.1%
MS Morgan Stanley 65.43K -58K -47.0%
BAC Bank Of America 93.52K +54.61K +140.3%
Pacer Advisors 79.92K +51.5K +181.2%

Financial report summary

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Competition
Tech DataSynnex
Risks
  • 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.
  • 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.
  • 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.
  • 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 contingent consideration, 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.
  • Acquisitions - Our growth strategy includes acquisitions of companies that complement or expand our existing business. Acquisitions involve unique risks and uncertainties.
Management Discussion
  • (a) A reconciliation of non-GAAP net sales in constant currency, excluding Divestitures and acquisitions is presented at the end of Results of Operations, under Non-GAAP Financial Information.
  • The Worldwide Barcode, Networking & Security segment consists of sales to customers in North America and Brazil. For the quarter ended March 31, 2021, net sales for the Barcode, Networking & Security segment increased $13.0 million, or 2.7%, compared to the prior-year quarter. Excluding the foreign exchange negative impact, adjusted net sales increased $17.1 million, or 3.5%, for the quarter ended March 31, 2021 compared to the prior-year quarter. The increase in net sales and adjusted net sales is primarily due to increased sales in our business in North America and Brazil (in local currency). During the quarter, we saw continued progress in recovering from the sales impacts of the COVID-19 pandemic across key technologies in North America and Brazil.
  • Net sales decreased $68.2 million, or 4.1% for the nine months ended March 31, 2021 compared to the prior nine month period. Excluding the foreign exchange negative impact, adjusted net sales decreased $48.5 million, or 2.9%, compared to the prior nine month period. The decrease in net sales and adjusted net sales is primarily due to lower sales volume across North America, partially offset by sales growth in Brazil.
Content analysis
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Readability
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New words: exempt, Intrado, TCJA, Union
Removed: evaluating, filed, forecasted, lowered