NASDAQ$SCSC

ScanSource Inc · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Achieved strong cash flow and disciplined capital allocation.

ScanSource, Inc. reported a decrease in net sales for the fourth quarter of fiscal year 2024, totaling $746.1 million, a 21.2% decrease year-over-year. Despite the sales decline, the company delivered strong margins and robust cash flow, with a gross profit margin of 13.04% compared to 11.47% in the prior-year quarter.

  • Net sales for the fourth quarter of fiscal year 2024 totaled $746.1 million, down 21.2% year-over-year.
  • Gross profit for the fourth quarter of fiscal year 2024 decreased 10.4% year-over-year to $97.3 million with a gross profit margin of 13.04%.
  • Net income for the fourth quarter of fiscal year 2024 totaled $16.1 million, or $0.64 per diluted share, compared to net income of $17.1 million, or $0.68 per diluted share, for the prior-year quarter.
  • Adjusted EBITDA for the fourth quarter of fiscal year 2024 decreased 15.0% to $34.2 million, or 4.58% of net sales.

Headline financials

Total Revenue

$746M

Previous: $947M-21.2%
EPS (adj)

$0.80

Previous: $0.76+5.3%
Gross Profit Margin

13.0%

Previous: 11.5%+13.3%
Adjusted EBITDA

$34.2M

No prior period
Adjusted EBITDA Margin

4.6%

Previous: 4.2%+8.0%
Non-GAAP Net Income

$19.9M

No prior period
Adjusted Return on Invested Capital

12.7%

No prior period
Capital Expenditures

-$1.27M

No prior period
Net Income

$16.1M

Previous: $17.1M-5.8%
Operating Income

$21.9M

Previous: $27.3M-19.9%
Gross Profit

$97.3M

Previous: $109M-10.4%
Stock-Based Comp

$1.81M

Previous: $2.59M-30.1%

Revenue & EPS history

ScanSource · Revenue · Quarterly

$746M

Q4 2024-21.2%vs Q4 2023
Beat estimate in 6 of 13 quarters(46%)
ActualEstimate

Revenue by segment

ScanSource · $510M total across 1 segment · Q1 2024

  • Specialty Technology Solutions
    $510M-11.6%

Forward guidance

ScanSource provided its annual financial outlook for fiscal year 2025, including net sales, adjusted EBITDA, and free cash flow.

Tailwinds

  • Net sales are expected to be between $3.1 billion and $3.5 billion.
  • Adjusted EBITDA is projected to be between $140 million and $160 million.
  • Free cash flow is expected to be at least $70 million.

Headwinds

  • Outlook does not include the potential impact of any business combinations.
  • Outlook does not include the potential impact of any asset acquisitions.
  • Outlook does not include the potential impact of any divestitures.
  • Outlook does not include the potential impact of any strategic investments.
  • Outlook does not include the potential impact of other significant transactions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-1.2%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+0.2%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+21.7%

Q4 2021

Best reaction

-19.0%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+5.9%+6.2%+14.2%
Q2 2026-18.0%-17.2%-18.4%
Q1 2026-1.5%-2.9%-2.2%
Q3 2025+7.1%+16.4%+14.9%
Q2 2025-14.8%-19.8%-26.8%
Q1 2025+3.0%+0.8%+3.6%
Q4 2024+6.1%+4.2%-1.6%
Q3 2024+5.8%+7.5%+5.6%
Q2 2024-3.2%+2.9%+13.8%
Q1 2024-3.0%+4.8%+18.0%
Q4 2023+12.0%+11.0%+7.1%
Q3 2023+6.1%+8.3%+16.3%
Q2 2023-11.4%-9.7%-13.0%
Q1 2023-6.9%-2.1%-5.1%
Q4 2022-15.7%-14.9%-19.6%
Q3 2022+2.0%+8.9%+8.1%
Q2 2022+3.9%-1.8%+3.5%
Q1 2022-11.4%-8.3%-14.8%
Q4 2021+21.7%+23.9%+27.2%
Q3 2021-7.6%-4.6%-5.9%
Q2 2021+12.6%+13.5%+15.4%
Q1 2021+18.0%+9.0%+22.3%
Q4 2020-13.2%-17.0%-19.6%
Q3 2020-19.0%-19.3%-1.5%
Q2 2020-9.1%-15.3%-25.9%
Q1 2020+2.2%+3.8%+12.7%
Q4 2019-5.3%-6.3%-5.4%
Q3 2019-10.2%-14.2%-15.1%
Q2 2019+0.4%-1.6%-4.0%
Q1 2019-1.0%-0.4%-9.7%
Q4 2018-11.3%-4.2%-5.8%
Q3 2018+2.4%+3.7%+14.5%
Q2 2018+6.1%-0.9%+4.7%
Q1 2018-8.4%-11.5%-16.3%
Q4 2017+0.8%-0.8%+17.4%
Q3 2017-2.5%-4.5%-2.2%
Q2 2017+8.6%+8.9%+0.2%
Q1 2017-12.8%+3.6%+13.7%
Q4 2016-15.9%-15.2%-13.7%
Q3 2016+1.4%
Q2 2016+20.3%
Q1 2016-13.6%
Q4 2015-5.1%
Q3 2015-4.4%
Q2 2015-11.9%
Q1 2015+4.4%
Q4 2014+0.6%
Q3 2014+4.0%
Q2 2014-5.2%
Q1 2014+5.2%
Q4 2013-4.6%
Q3 2013+0.3%
Q2 2013-13.2%
Q1 2013+1.3%
Q4 2012+0.8%
Q3 2012-1.2%
Q2 2012+0.5%
Q1 2012-3.2%
Q4 2011+4.3%
Q4 2009+4.3%
Q3 2010+0.5%
Q3 2011+0.5%
Q2 2011+1.3%
Q2 2010+1.3%
Q1 2010+2.5%
Q1 2011+2.5%
Q4 2010+2.5%

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