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Jun 30, 2023
ScanSource Q4 2023 Earnings Report
ScanSource's financial performance was affected by a cyberattack, but demonstrated resilience with growth in specific segments and overall strong free cash flow.
Key Takeaways
ScanSource reported a slight decrease in net sales for Q4 2023, but experienced growth in Modern Communications & Cloud segment and Intelisys net billings. The company's financial results were impacted by a cyberattack during the quarter. Strong free cash flow and focus on Intelisys are keys to success.
Net sales decreased slightly by 1.6% year-over-year to $947.1 million.
Gross profit decreased by 1.9% year-over-year to $108.7 million.
Operating income remained relatively flat at $27.3 million.
Adjusted EBITDA increased by 3.9% to $40.2 million.
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 provided financial outlook for the full fiscal year ended June 30, 2024.
Positive Outlook
- Net sales growth, year-over-year at least 3%
- Adjusted EBITDA (Non-GAAP) at least $180 million
- Free cash flow at least $150 million