Loading...
•
Dec 31, 2022
ScanSource Q2 2023 Earnings Report
Delivered 17% net sales growth, driving excellent profitability and raised full year outlook.
Key Takeaways
ScanSource reported outstanding second quarter performance with a 17% increase in net sales, leading to excellent profitability. The company raised its full year 2023 outlook for both net sales growth and adjusted EBITDA.
Net sales for the second quarter of fiscal year 2023 totaled $1.0 billion, up 17.0% year-over-year.
Specialty Technology Solutions net sales increased 26.3% year-over-year to $627.5 million.
Modern Communications & Cloud net sales increased 4.5% year-over-year to $383.7 million.
GAAP net income for the second quarter of fiscal year 2023 totaled $25.7 million, or $1.01 per diluted share.
ScanSource
ScanSource
ScanSource Revenue by Segment
ScanSource Revenue by Geographic Location
Revenue by Segment
Specialty Tech Solutions Revenue
CapyFin.comRevenue by Geographic Location
U.S. & Canada Revenue
CapyFin.comBrazil and Intl. Revenue
CapyFin.com Forward Guidance
ScanSource raises its expectations for the full fiscal year ended June 30, 2023 and replaces previously provided guidance.
Positive Outlook
- Net sales growth, year-over-year at least 6.5%
- Adjusted EBITDA (non-GAAP) at least $176 million