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Scansource (SCSC)

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
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

Calendar

10 May 22
26 Jun 22
30 Jun 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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

Beta Read what these cash burn values mean

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
97.6% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 149 149
Opened positions 12 21 -42.9%
Closed positions 12 22 -45.5%
Increased positions 45 42 +7.1%
Reduced positions 61 51 +19.6%
13F shares Current Prev Q Change
Total value 856.41M 1.53B -44.0%
Total shares 24.61M 24.57M +0.2%
Total puts 23.4K 26.5K -11.7%
Total calls 7.4K 0 NEW
Total put/call ratio 3.2 Infinity NaN%
Largest owners Shares Value Change
BLK Blackrock 4.89M $170.15M -0.2%
Vanguard 2.9M $101M +0.5%
Victory Capital Management 2.13M $74.14M +0.1%
Dimensional Fund Advisors 1.89M $65.78M +2.5%
PZN Pzena Investment Management 1.67M $58.22M +5.1%
FMR 1.6M $55.68M -15.7%
STT State Street 995.19K $34.62M +11.4%
LSV Asset Management 656.25K $22.83M -6.7%
JPM JPMorgan Chase & Co. 644.89K $22.44M -6.6%
IVZ Invesco 640.59K $22.29M +19.4%
Largest transactions Shares Bought/sold Change
FMR 1.6M -298.02K -15.7%
Peregrine Capital Management 221.53K +221.53K NEW
Norges Bank 0 -219.11K EXIT
Paradigm Capital Management 286.9K +209.6K +271.2%
Arrowstreet Capital, Limited Partnership 48.96K -130.34K -72.7%
IVZ Invesco 640.59K +104K +19.4%
STT State Street 995.19K +101.76K +11.4%
PZN Pzena Investment Management 1.67M +81.06K +5.1%
Geode Capital Management 451.48K -73.44K -14.0%
Hotchkis & Wiley Capital Management 311.27K +69.68K +28.8%

Financial report summary

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Competition
Tech DataTD Synnex
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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Positive
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H.S. freshman Avg
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