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Aug 27, 2024 10:30 AM

ScanSource Q4: Earnings Fall Short, Specialty Tech Sales Decline, Intelisys Contribution Lifts Margins

ScanSource, Inc. (NASDAQ:SCSC) reported fourth-quarter revenues of $746.1 million, down 21.2% year-on-year. Revenues trailed the street view of $843.1 million.

Adjusted EPS of $0.80 missed the analyst consensus estimate of $0.93. The stock plunged after the disappointing print.

Specialty Technology Solutions’ net sales for the fourth quarter decreased 13.7% year-over-year to $484.7 million due to softer demand.

Modern Communications & Cloud’s net sales for the fourth quarter decreased 32.2% year-over-year to $261.4 million due to lower sales volumes in communications hardware and Cisco products. Intelisys net sales for the ...