ScanSource, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 06, 2024 at 08:39 am
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ScanSource, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 884.79 million compared to USD 1,011.24 million a year ago. Net income was USD 32.73 million compared to USD 25.73 million a year ago. Basic earnings per share from continuing operations was USD 1.31 compared to USD 1.02 a year ago. Diluted earnings per share from continuing operations was USD 1.29 compared to USD 1.01 a year ago.
For the six months, sales was USD 1,761.1 million compared to USD 1,955.05 million a year ago. Net income was USD 48.16 million compared to USD 49.78 million a year ago. Basic earnings per share from continuing operations was USD 1.93 compared to USD 1.97 a year ago. Diluted earnings per share from continuing operations was USD 1.91 compared to USD 1.96 a year ago.
ScanSource, Inc. is a hybrid distributor connecting devices to partners across hardware, software-as-a-service (SaaS), connectivity and cloud. The Company provides technology solutions and services from suppliers of mobility, barcode, point-of-sale (POS), payments, physical security and networking, communications and collaboration, connectivity and cloud services. It segments include Specialty Technology Solutions and Modern Communications & Cloud. Its Specialty Technology Solutions segment includes enterprise mobile computing, data capture, barcode printing, POS, payments, networking, electronic physical security, cyber security and other technologies. Its Modern Communications & Cloud segment includes communications technologies and services for voice, video conferencing, wireless, data networking, cyber security, cable, unified communications and collaboration, cloud and technology services. Its segments operate in the United States, Canada, Brazil and the United Kingdom.