ScanSource Reports Third Quarter Results

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[{"type":"text","content":"\nAnnounces New $200M Share Repurchase Authorization\n\n GREENVILLE, S.C.--(BUSINESS WIRE)--\nScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today announced financial results for the third quarter ended March 31, 2025.\n\n\n\n \n\n\n\nThird Quarter Summary\n\n\n\n\n\n \n\n\n\nQ3 FY25\n\n\n\n \n\n\n\nQ3 FY24\n\n\n\n \n\n\n\nChange\n\n\n\n\n\n \n\n\n\n(in thousands, except percentages and per share data)\n\n\n\n\n\nSelect reported measures:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n$\n\n\n\n704,847\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n752,599\n\n\n\n \n\n\n\n \n\n\n\n-6.3%\n\n\n\n\n\nGross profit\n\n\n\n$\n\n\n\n100,202\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n94,481\n\n\n\n \n\n\n\n \n\n\n\n6.1%\n\n\n\n\n\nGross profit margin %\n\n\n\n \n\n\n\n14.2\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n12.6\n\n\n\n%\n\n\n\n \n\n\n\n166bp\n\n\n\n\n\nOperating income\n\n\n\n$\n\n\n\n22,339\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n17,542\n\n\n\n \n\n\n\n \n\n\n\n27.3%\n\n\n\n\n\nGAAP net income\n\n\n\n$\n\n\n\n17,431\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n12,806\n\n\n\n \n\n\n\n \n\n\n\n36.1%\n\n\n\n\n\nGAAP diluted EPS\n\n\n\n$\n\n\n\n0.74\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.50\n\n\n\n \n\n\n\n \n\n\n\n48.0%\n\n\n\n\n\nSelect Non-GAAP measures*:\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAdjusted EBITDA\n\n\n\n$\n\n\n\n35,053\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n33,095\n\n\n\n \n\n\n\n \n\n\n\n5.9%\n\n\n\n\n\nAdjusted EBITDA margin %\n\n\n\n \n\n\n\n4.97\n\n\n\n%\n\n\n\n \n\n\n\n \n\n\n\n4.40\n\n\n\n%\n\n\n\n \n\n\n\n57bp\n\n\n\n\n\nNon-GAAP net income\n\n\n\n$\n\n\n\n20,298\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n17,461\n\n\n\n \n\n\n\n \n\n\n\n16.2%\n\n\n\n\n\nNon-GAAP diluted EPS\n\n\n\n$\n\n\n\n0.86\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n0.69\n\n\n\n \n\n\n\n \n\n\n\n24.6%\n\n\n\n\n\nNote: Margin % reflects measure as a percentage of sales.\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* Represents non-GAAP financial measures. For more information and a reconciliation to the most directly comparable GAAP financial measure, see \"Non-GAAP Financial Information\" below as well as the accompanying Supplementary Information.\n\n\n\n\n“Our business performed well this quarter with both segments achieving year-over-year gross profit growth and higher EBITDA margins,” said Mike Baur, Chair ...

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