ScanSource Third Quarter Results Exceed Expectations

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[{"type":"text","content":"\nDiversified Portfolio of Technologies Drove 5% Net Sales Growth\n\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, 2023.\n\n\n\n\n \n\n\n\n\n\n\nThird Quarter Summary\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ3 FY23\n\n\n\n\n\n\n \n\n\n\n\n\n\nQ3 FY22\n\n\n\n\n\n\n \n\n\n\n\n\n\nChange\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n(in thousands, except per share data)\n\n\n\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\nNet sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n885,519\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n845,990\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4.7%\n\n\n\n\n\n\n\n\nGross profit\n\n\n\n\n\n\n$\n\n\n\n\n\n\n111,762\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n106,508\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4.9%\n\n\n\n\n\n\n\n\nGross profit margin %\n\n\n\n\n\n\n \n\n\n\n\n\n\n12.62\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\n12.59\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n3bp\n\n\n\n\n\n\n\n\nOperating income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n34,279\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n32,917\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n4.1%\n\n\n\n\n\n\n\n\nGAAP net income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n21,221\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n23,526\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n-9.8%\n\n\n\n\n\n\n\n\nGAAP diluted EPS\n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.83\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n0.91\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n-8.8%\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\nAdjusted EBITDA\n\n\n\n\n\n\n$\n\n\n\n\n\n\n45,656\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n44,115\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n3.5%\n\n\n\n\n\n\n\n\nAdjusted EBITDA margin %\n\n\n\n\n\n\n \n\n\n\n\n\n\n5.16\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\n5.21\n\n\n\n\n\n\n%\n\n\n\n\n\n\n \n\n\n\n\n\n\n-5bp\n\n\n\n\n\n\n\n\nNon-GAAP net income\n\n\n\n\n\n\n$\n\n\n\n\n\n\n24,330\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n26,879\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n...

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