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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.
Revenue by Segment
Revenue by Geographic Location
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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