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Jun 30, 2024
ScanSource Q4 2024 Earnings Report
Achieved strong cash flow and disciplined capital allocation.
Key Takeaways
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.
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.comBrazil and Intl. Revenue
CapyFin.com Forward Guidance
ScanSource provided its annual financial outlook for fiscal year 2025, including net sales, adjusted EBITDA, and free cash flow.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income