SCSC Scansource
ScanSource, Inc. engages in the development and provision of technology products and services. It operates through the Worldwide Barcode, Networking and Security; and Worldwide Communications and Services segments. The Worldwide Barcode, Networking and Security segment offers enterprise mobile computing, cyber security, automatic identification and data capture, point-of-sale, electronic physical security, and three-dimensional printing technologies. The Worldwide Communications and Services segment includes voice, video conferencing, wireless, data networking, and converged communications solutions. The company was founded by Michael L. Baur and Steven H. Owings in December 1992 and is headquartered in Greenville, SC.
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
IRS number
570965380
SCSC stock data
()
Press releases
TailWind Announces Supplier Partnership With Intelisys
22 Mar 21
TailWind Announces Supplier Partnership With Intelisys
22 Mar 21
ScanSource to Present at the Raymond James Institutional Investors Conference
19 Feb 21
Mark Morgan, President of Intelisys, a ScanSource Company, Recognized as 2021 CRN® Channel Chief
8 Feb 21
ScanSource Named to FORTUNE Magazine's List of World's Most Admired Companies for Fifth Consecutive Year
4 Feb 21
Calendar
2 Feb 21
11 Apr 21
30 Jun 21
Financial summary
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Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
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Jun 20 | Jun 19 | Jun 18 | Jun 17 | |
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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) | 67.19M | 67.19M | 67.19M | 67.19M | 67.19M | 67.19M |
| Cash burn (monthly) | (positive/no burn) | (positive/no burn) | (positive/no burn) | 6.94M | 402.67K | (positive/no burn) |
| Cash used (since last report) | n/a | n/a | n/a | 23.41M | 1.36M | n/a |
| Cash remaining | n/a | n/a | n/a | 43.78M | 65.83M | n/a |
| Runway (months of cash) | n/a | n/a | n/a | 6.3 | 163.5 | n/a |
Recent insider trades
| 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 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
96.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 128 |
| Opened positions | 10 |
| Closed positions | 7 |
| Increased positions | 42 |
| Reduced positions | 49 |
13F shares |
Current |
|---|---|
| Total value | 644.33M |
| Total shares | 24.42M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| BLK Blackrock | 4.63M | $122.23M |
| Vanguard | 2.74M | $72.15M |
| Dimensional Fund Advisors | 2.02M | $53.29M |
| FMR | 1.95M | $51.56M |
| PZN Pzena Investment Management | 1.71M | $45.22M |
| Victory Capital Management | 1.67M | $44M |
| JPM JPMorgan Chase & Co. | 1.04M | $27.45M |
| STT State Street | 870.94K | $22.98M |
| LSV Asset Management | 827.42K | $21.83M |
| Charles Schwab Investment Management | 476.69K | $12.58M |
Financial report summary
?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
- ITEM 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
- ScanSource is at the center of the technological solution delivery channel, connecting businesses and institutions and providing solutions for their complex needs. We provide technology solutions and services from leading suppliers of mobility and barcode, point-of-sale (POS), payments, physical security, unified communications and collaboration, telecom and cloud services to our customers. We serve approximately 30,000 customers located in the United States, Canada, Brazil, the UK and Europe and provide solutions and services from approximately 500 technology suppliers.
- We operate our business under a management structure that enhances our technology market focus and growth strategy. We segment our business into two technology-focused areas that each operate in the United States, Canada, Brazil, and the UK:
Content analysis
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H.S. freshman Avg
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New words:
cumulative, Employment, Letter, recovering, stephen
Removed:
beginning, captured, Dialogic, permitted, realized, rental, undiscounted
Financial reports
10-Q
2021 Q2
Quarterly report
2 Feb 21
10-Q
2021 Q1
Quarterly report
9 Nov 20
10-K/A
2020 FY
Annual report (amended)
28 Oct 20
10-K
2020 FY
Annual report
31 Aug 20
10-Q
2020 Q3
Quarterly report
11 May 20
10-Q
2020 Q2
Quarterly report
4 Feb 20
10-Q
2020 Q1
Quarterly report
12 Nov 19
10-K/A
2019 FY
Annual report (amended)
24 Oct 19
10-K
2019 FY
Annual report
22 Aug 19
10-Q
2019 Q3
Quarterly report
9 May 19
Current reports
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
8-K
ScanSource Announces New Chief Financial Officer
17 Nov 20
8-K
Completion of Acquisition or Disposition of Assets
13 Nov 20
8-K
Scansource Reports First Quarter Results
9 Nov 20
8-K
ScanSource Appoints New Board Member
6 Oct 20
8-K
Scansource Reports Fourth Quarter and Fiscal Year 2020 Results
31 Aug 20
8-K
Reports preliminary fourth quarter fiscal year 2020 net sales
23 Jul 20
8-K
Scansource Announces Third Quarter Results
11 May 20
8-K
ScanSource Appoints New Board Member
11 May 20
Registration and prospectus
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
S-8
Registration of securities for employees
13 May 04
Proxies
DEFA14A
Additional proxy soliciting materials
17 Dec 20
DEF 14A
Definitive proxy
17 Dec 20
DEF 14A
Definitive proxy
18 Dec 19
DEFA14A
Additional proxy soliciting materials
18 Dec 19
DEFA14A
Additional proxy soliciting materials
18 Oct 18
DEF 14A
Definitive proxy
18 Oct 18
DEF 14A
Definitive proxy
23 Oct 17
DEFA14A
Additional proxy soliciting materials
23 Oct 17
DEF 14A
Definitive proxy
19 Oct 16
DEFA14A
Additional proxy soliciting materials
19 Oct 16
Other
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
CT ORDER
Confidential treatment order
26 Apr 19
CT ORDER
Confidential treatment order
4 Oct 18
CT ORDER
Confidential treatment order
20 Sep 17
Ownership
4/A
SCANSOURCE / MICHAEL J GRAINGER ownership change
26 Mar 21
4
SCANSOURCE / MICHAEL J GRAINGER ownership change
12 Mar 21
4
SCANSOURCE / Stephen Jones ownership change
2 Mar 21
SC 13G/A
SCANSOURCE / DIMENSIONAL FUND ADVISORS ownership change
15 Feb 21
SC 13G/A
SCANSOURCE / VANGUARD ownership change
9 Feb 21
SC 13G/A
SCANSOURCE / FMR ownership change
8 Feb 21
SC 13G/A
SCANSOURCE / VICTORY CAPITAL MANAGEMENT ownership change
4 Feb 21
SC 13G/A
SCANSOURCE / PZENA INVESTMENT MANAGEMENT ownership change
1 Feb 21
SC 13G
SCANSOURCE / BlackRock ownership change
25 Jan 21
4
SCANSOURCE / MICHAEL L BAUR ownership change
21 Dec 20
Transcripts
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
2020 Q1
Earnings call transcript
12 Nov 19
2019 Q4
Earnings call transcript
20 Aug 19
2019 Q2
Earnings call transcript
12 May 19
2019 Q2
Earnings call transcript
5 Feb 19
2019 Q1
Earnings call transcript
10 Nov 18