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Dec 31, 2024
ScanSource Q2 2025 Earnings Report
ScanSource's second quarter results reported, featuring gross profit growth and a strong gross profit margin in a soft demand environment.
Key Takeaways
ScanSource reported a decrease in net sales by 15.5% year-over-year, totaling $747.5 million. However, the company saw a 1.0% increase in gross profit, reaching $101.7 million, and a higher gross profit margin of 13.6%. Recurring revenue increased by 31.2% year-over-year, contributing to the higher gross profit margin.
Net sales decreased by 15.5% year-over-year to $747.5 million.
Gross profit increased by 1.0% year-over-year to $101.7 million, with a gross profit margin of 13.6%.
Operating income was $18.4 million, compared to $26.8 million in the prior-year quarter.
Recurring revenue increased 31.2% year-over-year.
ScanSource
ScanSource
ScanSource Revenue by Segment
ScanSource Revenue by Geographic Location
Revenue by Segment
Specialty Tech Solutions Revenue
CapyFin.comIntelisys & Advisory Revenue
CapyFin.comRevenue by Geographic Location
U.S. & Canada Revenue
CapyFin.com Forward Guidance
ScanSource reaffirms its previously provided guidance for the full fiscal year ended June 30, 2025.
Positive Outlook
- Net sales are expected to be between $3.1 billion and $3.5 billion.
- Adjusted EBITDA (non-GAAP) is projected to be between $140 million and $160 million.
- Free cash flow (non-GAAP) is expected to be at least $70 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income