ScanSource Reports Fourth Quarter and Fiscal Year 2022 Results

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[{"type":"text","content":"\nStrong Demand and Outstanding Execution by our Team\n\n GREENVILLE, S.C.--(BUSINESS WIRE)--\nScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the fourth quarter and fiscal year ended June 30, 2022. All results in this release reflect continuing operations only unless otherwise noted.\n\n\n\n \n\n\n\nFourth Quarter Summary\n\n\n\n \n\n\n\nFiscal Year Summary\n\n\n\n\n\n \n\n\n\nQ4 FY22\n\n\n\n \n\n\n\nQ4 FY21\n\n\n\n \n\n\n\nChange\n\n\n\n \n\n\n\nFY22\n\n\n\n \n\n\n\nFY21\n\n\n\n \n\n\n\nChange\n\n\n\n\n\n \n\n\n\n(in thousands, except per share data)\n\n\n\n\n\nSelect reported measures:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n$\n\n\n\n962,283\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n852,694\n\n\n\n \n\n\n\n \n\n\n\n12.9\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n3,529,935\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n3,150,806\n\n\n\n \n\n\n\n \n\n\n\n12.0\n\n\n\n%\n\n\n\n\n\nGross profit\n\n\n\n$\n\n\n\n110,792\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n95,778\n\n\n\n \n\n\n\n \n\n\n\n15.7\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n426,524\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n350,716\n\n\n\n \n\n\n\n \n\n\n\n21.6\n\n\n\n%\n\n\n\n\n\nGross profit margin %\n\n\n\n \n\n\n\n11.51\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n11.23\n\n\n\n%\n\n\n\n \n\n\n\n28bp\n\n\n\n \n\n\n\n \n\n\n\n12.08\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n11.13\n\n\n\n%\n\n\n\n \n\n\n\n95bp\n\n\n\n\n\nOperating income\n\n\n\n$\n\n\n\n27,424\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n23,283\n\n\n\n \n\n\n\n \n\n\n\n17.8\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n122,167\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n61,483\n\n\n\n \n\n\n\n \n\n\n\n98.7\n\n\n\n%\n\n\n\n\n\nGAAP net income\n\n\n\n$\n\n\n\n19,947\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n20,657\n\n\n\n \n\n\n\n \n\n\n\n-3.4\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n88,698\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n45,389\n\n\n\n \n\n\n\n \n\n\n\n95.4\n\n\n\n%\n\n\n\n\n\nGAAP diluted EPS\n\n\n\n$\n\n\n\n0.78\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.80\n\n\n\n \n\n\n\n \n\n\n\n-2.5\n\n\n\n%\n\n\n\n \n\n\n\n$\n\n\n\n3.44\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1.78\n\n\n\n \n\n\n\n \n\n\n\n93.3\n\n\n\n%\n\n\n\n\n\nSelect Non-GAAP measures:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted E...

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