Financial Performance - Net sales for the fiscal year ended June 30, 2021, totaled $3.15 billion[16] - Net sales for the fiscal year ended June 30, 2021, were $3,150.8 million, an increase from $3,047.7 million in 2020[151] - Total net sales for the fiscal year ended June 30, 2021, were reported at $3,150,806 thousand, representing a 3.4% increase from $3,047,734 thousand in 2020[206] - Gross profit for the fiscal year 2021 was $350.7 million, compared to $355.6 million in 2020, reflecting a decrease of approximately 0.2%[151] - Operating income for 2021 was $61.5 million, a significant recovery from an operating loss of $65.0 million in 2020[151] - Net income for the fiscal year 2021 was $10.8 million, a turnaround from a net loss of $192.7 million in 2020[151] - Total assets as of June 30, 2021, were $1,671.7 million, a slight decrease from $1,692.1 million in 2020[152] - Total debt decreased to $143.2 million in 2021 from $218.7 million in 2020, indicating improved financial leverage[152] - Operating income for the consolidated entity was $61,483 thousand, a significant recovery from a loss of $64,967 thousand in the previous year[210] - Diluted EPS from continuing operations for the fiscal year ended June 30, 2021, was $2.74, compared to a diluted loss per share of $3.12 in the previous year, reflecting a strong turnaround[211] Sales and Market Presence - The company serves approximately 30,000 sales partners across various industries, with no single customer accounting for more than 6% of total net sales[27] - The company serves approximately 30,000 customers across the United States, Canada, Brazil, and the UK, providing solutions from around 500 technology suppliers[154] - Cisco and Zebra each constituted more than 10% of net sales for the fiscal year ended June 30, 2021[36] - The Worldwide Barcode, Networking & Security segment reported net sales of $2,175.1 million, up 3.9% from $2,093.2 million in the previous year[174] - The Worldwide Communications & Services segment saw net sales increase by 2.2% to $975.7 million from $954.5 million in 2020[175] Strategic Focus and Growth - The company aims to grow profitable sales in higher-margin and adjacent markets, considering strategic acquisitions and alliances[20] - The company’s growth strategy includes acquisitions, which involve risks such as unexpected costs and the challenge of integrating new businesses effectively[84] - The company completed the divestiture of its operations in Latin America (excluding Brazil) and distribution operations in Europe, aiming to focus on higher-margin opportunities in the U.S., Canada, and Brazil for long-term value creation[77] - The company finalized the sale of its Latin American businesses outside of Brazil on October 30, 2020, and the sale of its Europe and UK products distribution businesses on November 12, 2020[164] Employee and Operational Insights - The company employs approximately 2,200 employees, with 1,500 located in the United States and 700 internationally[47] - The company focuses on employee development through programs like the ScanSource Leadership Institute, which trains selected leaders for senior management roles[50] - The company has implemented a comprehensive Diversity & Inclusion (D&I) program, appointing its first Chief Diversity Officer to enhance workforce representation and community relations[48] - The company offers an average of 80% coverage of employee healthcare premiums and provides various benefits at no cost, including life and disability insurance[51] - The company has adopted a work-from-home policy during the COVID-19 pandemic, maintaining high productivity levels among its largely remote workforce[52] Risks and Challenges - The COVID-19 pandemic has significantly impacted the business, with net sales declines most pronounced in Q4 FY 2020, although recovery was noted throughout FY 2021[78] - The company faces heightened credit risk due to longer payment terms extended to customers, which may increase credit losses, particularly as customers experience negative economic impacts from COVID-19[88][91] - Economic weakness and geopolitical uncertainty may lead to reduced demand for products, resulting in decreased sales, margins, and earnings, potentially impairing assets and increasing financing costs[86] - Customer consolidation may lead to changes in relationships and could negatively impact revenues, especially if major customers shutter their businesses due to economic impacts from COVID-19[99] - Product supply shortages, particularly in computer chips, may adversely affect sales volumes and product availability[105] - Supplier consolidation is reducing alternative sources, increasing vulnerability to supply issues and affecting business relationships[106] Financial Management and Accounting - Interest expense decreased by 43.3% to $6.9 million for the fiscal year ended June 30, 2021, down from $12.2 million in 2020, primarily due to reduced borrowings[191] - Income tax expense for continuing operations was $12.1 million for the fiscal year ended June 30, 2021, with an effective tax rate of 21.1%, compared to $7.5 million and an effective tax rate of (10.4)% in 2020[194] - The expected effective tax rate for fiscal year 2022 is projected to be approximately 25.0% to 26.0%[195] - The company reported a pre-tax income of $89.2 million for the fiscal year ended June 30, 2021, compared to a pre-tax loss of $71.8 million in the previous year[211] - Management's estimates for allowances for uncollectible accounts receivable and inventory reserves are based on historical experience and reasonable assumptions[213]

Call Start: 17:00 January 1, 0000 5:23 PM ET ScanSource, Inc. (NASDAQ:SCSC) Q3 2021 Earnings Conference Call May 10, 2021 17:00 ET Company Participants Mary Gentry - Vice President, Treasurer and Investor Relations Mike Baur - Chairman and Chief Executive Officer John Eldh - Chief Revenue Officer Steve Jones - Chief Financial Officer Conference Call Participants Catherine Huntley - Raymond James Keith Housum - Northcoast Research Chris McGinnis - Sidoti Operator Welcome to the ScanSource Quarterly Earnings ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ Quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 000-26926 ScanSource, Inc. South Carolina (State of Incorporation) 57-0965380 (I.R.S. Employer Identification No.) 6 Logue Court Greenville, ...

INVESTOR PRESENTATION NOVEMBER 2020 SAFE HARBOR AND NON-GAAP Safe Harbor Statement This presentation contains certain comments that are "forward-looking" statements that involve plans, strategies, economic performance and trends, projections, expectations, costs or beliefs about future events and other statements that are not descriptions of historical facts. Forward- looking information is inherently subject to risks and uncertainties. Any number of factors could cause actual results to differ materially f ...

ScanSource, Inc. (NASDAQ:SCSC) Q2 2021 Earnings Conference Call February 2, 2021 5:00 AM ET Company Participants Mary Gentry - VP, IR & Treasurer Mike Baur - Founder, Chairman, CEO & President John Eldh - SEVP and Chief Revenue Officer Steve Jones - CFO Conference Call Participants Adam Tindle - Raymond James Keith Housum - Northcoast Research Chris McGinnis - Sidoti & Company Operator Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode, until the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒ Quarterly period ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____ to ____ Commission File Number: 000-26926 ScanSource, Inc. South Carolina (State of Incorporation) 57-0965380 (I.R.S. Employer Identification No.) 6 Logue Court Greenvil ...

Scansource, Inc. (NASDAQ:SCSC) Q1 2021 Earnings Conference Call November 9, 2020 5:00 PM ET Company Participants Mary Gentry - VP, IR & Treasurer Michael Baur - Founder, Chairman, CEO & President John Eldh - Chief Revenue Officer & Senior Executive VP Gerald Lyons - Senior EVP & CFO Conference Call Participants Madison Suhr - Raymond James & Associates Keith Housum - Northcoast Research Partners Chris McGinnis - Sidoti & Company Operator Welcome to ScanSource Quarterly Earnings Conference Call. [Operator In ...

ScanSource, Inc. (NASDAQ:SCSC) Q4 2020 Earnings Conference Call August 31, 2020 5:00 PM ET Company Participants Mary Gentry - Vice President, Treasurer and IR Mike Baur - Chairman and CEO John Eldh - Chief Revenue Officer Gerry Lyons - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Keith Housum - Northcoast Research Chris McGinnis - Sidoti & Company Operator Hello and welcome to ScanSource's Quarterly Earnings Conference Call. All lines have been placed in a listenonly mode ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q3 totaled $872 million, down 2% year-over-year and up 0.5% on an organic basis [21] - EPS was below forecasted range due to a $4.5 million expense for inventory charges, negatively impacting EPS by approximately $0.11 [18] - Non-GAAP gross profit margin for Q3 was 11.4%, below the expected 12% gross margin [23] Business Line Data and Key Metrics Changes - Net sales for the Worldwide Barcode, Networking and Security segment declined 2% year-over-year [21] - Worldwide Communications & Services segment net sales declined 3% year-over-year but were up 3% on an organic basis, driven by growth in Brazil [22] - Intelisys had a record quarter with sales increasing 12% year-over-year [23] Market Data and Key Metrics Changes - April net sales declined 22% year-over-year for GAAP net sales, with non-GAAP net sales down 17% year-over-year excluding foreign currency translation [28] - Brazil showed relatively better performance compared to other regions during the pandemic [49] Company Strategy and Development Direction - The company is focusing on digital capabilities and has formed a single software development group to enhance partner revenue growth and automation [10] - Plans to divest certain physical product businesses outside the U.S., Canada, and Brazil, which had net sales of $128 million for Q3 [19] - The company is adapting to the pandemic by providing partners with resources and support programs to navigate government aid [15] Management's Comments on Operating Environment and Future Outlook - Management expressed concern over the 22% decline in April sales, indicating uncertainty about future performance [33] - The company is monitoring credit quality closely and has not seen significant impacts from COVID-19 in the March quarter [37] - Management expects sales and earnings per share to be down sequentially for Q4 compared to Q3 [28] Other Important Information - The company generated strong operating cash flow of $32 million for Q3, with trailing 12-month operating cash flow at $148 million [26] - Cash and cash equivalents stood at $35 million with debt of $321 million, resulting in a net leverage ratio of approximately 2.4 times trailing 12-month adjusted EBITDA [27] Q&A Session Summary Question: Did declines in sales moderate as April progressed? - Management indicated it is still early in the quarter and remains concerned about the 22% decline [33] Question: What is the magnitude of increased costs related to safety measures? - Management noted increased costs in the March quarter but did not provide specific figures [34] Question: What steps are being taken to maintain credit quality? - Management is reaching out to customers to ensure their safety and business health, designing programs to support them [37] Question: How did the POS Portal business perform? - Management acknowledged a decline in the POS Portal business, particularly among small to medium-sized businesses [38] Question: Can you provide more color on the inventory adjustment? - Management explained that the adjustment was due to bin-level accuracy issues with the new inventory management system [39][40]

ScanSource, Inc. (NASDAQ:SCSC) Q2 2020 Results Conference Call February 4, 2020 5:00 PM ET Company Participants Mary Gentry - Vice President, Treasurer and Investor Relations Mike Baur - Chairman and CEO Gerry Lyons - CFO John Eldh - Chief Revenue Officer Conference Call Participants Raymond Shaw - Raymond James Keith Housum - Northcoast Research Chris McGinnis - Sidoti Operator Welcome to the ScanSource quarterly earnings conference call. All lines have been placed in a listen only mode until the question ...