In our bar code, networking and security segment, net sales increased 5% quarter-over-quarter, led by large deals across mobility, self-checkout and video surveillance solutions. And I think that's what the company is trying to say today is, we feel very good about our position in the market and our ability to execute. I'll now turn the call over to Mike. This was a quarter of strong execution by our employees worldwide, and this gives me confidence in the strategic direction we are taking. Good afternoon, and thank you for joining us. Our gross profits were $86 million, down 12% year-over-year. I know you've done a lot of work there. ScanSource currently does not issue dividends and does not have a DRIP. We recently launched new digital tools for our sales partners, such as Cable Finder, which automates the process of buying cable services. But today, I can tell you, we still are struggling with our ability to forecast the quarter. Steve, I guess, the first question is toward you. ScanSource, Inc. (NASDAQ:SCSC) Q1 2022 Earnings Conference Call November 09, 2021 05:00 PM ET Company Participants Mary Gentry - Vice President, Treasurer and Investor Relations Michael. (MFTranscribers) Feb 2, 2021 at 9:31PM. Cost basis and return based on previous market day close. And within that also, we had a strong contribution from Brazil. ended March 31, 2020. Title. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date. Despite supply chain challenges, which led to some shortages during the quarter, our teams managed to deliver on time for our customers and maintained excellent service levels. We continue to strengthen our balance sheet and liquidity position. And with them, we are positioned for strong growth in the year ahead. endobj ta b l e o f c o n t e n t s f o r m 10-q pa rt i - f i n a n c i a l i n f o r m at i o n i t e m 1. f i n a n c i a l s tat e m e n t s p age TA B L E O F C O N T E N T S PA RT I It e m 1. John, you highlighted, I think, a 22% growth in partner for Intelisys. Sure. Rather than chronicling the well-reported sexual abuse scandal or advocating a particular reform agenda, David Gibson shows how the crisis in the church is unleashing forces that will change American Catholicism forever. We're making our social impact aspirations real and measureable. This handbook is addressed toward patent attorneys and attorneys-at-law specializing in patent law, especially in Europe, but essentially worldwide. [Subject: European Law, German Law, Patent Law, Pharmaceutical Law] What percentage of ScanSource's business is international? 2 0 obj Sure. You have the $30 million restructuring program. (opens in new window) 118 KB. All Filings 8K Related Annual Reports Insider Trading Proxies, Information Statements Quarterly Reports Registration Statements XBRL. Cloud is an operating model, not a destination. Skip to Main Content Contact your ScanSource sales rep to get authorized to purchase this product. And then, Mike, I may have one question for you. A webcast of the call is available and can be accessed at www.scansource.com (Investor Relations section). I said the challenges at the end of the quarter in terms of the supply chain, did those sales go elsewhere? What a year it has been. Scansource Investors Sentiment The influence of Scansource's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Scansource. Found inside – Page 533... CDW Cisco Systems CompuCom En Pointe Ingram Micro Nortel Networks Pomeroy IT Resilien ScanSource Tech Data LOCATIONS ... age 40 VP Marketing and Investor Relations : Jenny Pappas VP , Worldwide Marketing : Duncan Potter CIO : Jason ... endobj We posted a CFO commentary that accompanies our comments and webcast in the Investor Relations section of our website. "ScanSource delivered another quarter of very good financial results, with 10% net sales growth for both of our segments and 12% gross profit growth," said Mike Baur, CEO, Sca We are so excited still about that business. And so those are the two key pieces of the growth in the comms doing so well, it's those two pieces. I appreciate taking the time to answer my questions and good luck in future. Got you. Transfer Agent EQ Shareowner Services 1110 Centre Pointe Curve, Suite 101 Mendota Heights, MN 55120 800.468.9716 www.shareowneronline.com . - or - Vice President, Treasurer and Investor Relations ScanSource, Inc. ScanSource, Inc. (864) 286-4854 (864) 286-4892 SCANSOURCE ANNOUNCES THIRD QUARTER RESULTS GREENVILLE, SC -- May 11, 2020 -- ScanSource, Inc. (NASDAQ: SCSC), a leading provider of technology products and Thanks. Welcome to the ScanSource Quarterly Earnings Conference Call. ARUBA AND CATALYST TELECOM OPEN THE DOOR TO THE ALL-WIRELESS WORKPLACESunnyvale, CA and Greenville, Intelisys grew 15% year-over-year with even faster growth for unified communications as a service at 35% and contact center as a service at 65%. We also made investments in our go-to market with a new inside sales team to support partner engagement for newly recruited partners. Quarterly earnings announcements IBM 4Q 2020 Earnings Announcement Link to Webcast billion adjusted free cash flow 1 in 2020. And a year ago, I couldn't say that. There's no lack of market share opportunities. x��]K�$�q�0������I�I�Q@w��ldh ���Ziey|�7_A_�`�-hv����`D0�cD�����/��?~�=?z���?�Ǐ�����_���O���o?~��?���?|��/������/���?�����������?����g��7i�����Ǐ��W��~�����Oo�f#o�������� I�oJ�E�����~�;u����+o?�O:~�������?����_>~��_?~��g�.&��;��ې�W�����o�Oy�����/���_��"!�r�A1m)f+[�Q�(���g���E�Q?=��>��1�7��T>6 ckD��ܹ��Q�Gܙ����O�}G�3s_��'���?)���? As you look at your working capital levels as you exit the quarter, what are your thoughts in terms of where they need to be going forward? It's a great question and one we're excited to answer. Found insideInvestor Relations Steven H. Owings, Chmn. ScanSource, Inc. is a wholesale distributor of specialty technology products, providing value-added distribution services to resellers in the specialty technology markets. Investor Relations. Yes, ScanSource was added to the Russell 2000 in July 2001, and included in the S&P SmallCap 600 beginning in April 2004. Success and growth are not inevitable. In this book, you'll read about some companies who have been successful for decades. And you'll learn what sets them apart from the competition. We call it "Ruthless Focus. But we want to make sure everyone knew that, because not having as much of the high margin POS Portal revenue in the quarter is part of the reason our gross margins were lower. But even despite those shortages, we beat our internal expectations for sales and sales volumes. Stephen T. Jones -- Senior Executive Vice President, Chief Financial Officer. SCANSOURCE, INC. FIRST QUARTER 2022 RESULTS CONFERENCE CALL. adjusted EPS 1 in 2020. Does ScanSource issue dividends and have a Dividend Reinvestment Plan (DRIP)? THIRD QUARTER . Scansource Inc (NASDAQ:SCSC)Q2 2021 Earnings CallFeb 2, 2021, 5:00 p.m. Yeah. I'll pass that over to John. When you look at what John talked about, from some key metrics of more customers, more spend on the average size orders and more orders and our ability to execute from a distribution standpoint, a supply chain management standpoint, those are all the things that I feel very confident about. If you want to simplify the process of job hunting while seeking God's will for your life and career, this is the book for you.What others are saying about Straighten the Path: A Unique Approach for Job Seekers:"John Freeze has done a ... Making the world smarter, happier, and richer. Can you just touch on the big driver of that? Now turning to the balance sheet and cash flow. Over the last few years, we have been transforming our business to enable sales partners to deliver industry-leading solutions and respond to the new ways that end customers prefer to acquire technologies. And we were not executing as we had expected to. Yeah. I think it's been a long time coming, so congrats on that, taking the market share gain. So in a year, those guys have done a fantastic job of recruiting new partners and getting our best partners growing even faster. Image source: The Motley Fool. We're not there yet, and we think it's more important to make sure we take advantage of these high margin, high-growth opportunities than it is to make a specific number in a quarter. Found inside – Page 1026( 864 ) 288-2432 Shareholder Relations Vice President , Administration and Investor Relations Jeffery A. Bryson . ... President Clay Sorensen ( 800 ) 998-1221 ScanSource Europe Limited Rue Louis Bleriot 5 , Parc Liege Logistics ... On December 31, 2020, we had cash and cash equivalents of $67 million and debt of $152 million. An investor presentation that will be used at the conference and investor meetings is posted in the Investor Relations section of the ScanSource, Inc. website, www.scansource.com. 4. Skip to Main Content Contact your ScanSource sales rep to get authorized to purchase this product. ScanSource to Participate in the Global Technology Distribution Council Investor ConferenceScanSour Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Thanks. ScanSource and hundreds of our partners raced into Indianapolis for this year's Partner Summit, ScanSource's biggest and most exclusive partner event of the year! No. Excellent performance by our employees drove higher net sales and operating leverage on our SG&A expenses. Thanks, Mike. Great. ScanSource Reports Third Quarter EarningsScanSource, Inc. (NASDAQ:SCSC), the leading international ScanSource has the best sales partners and best suppliers. Does ScanSource have a direct stock purchase plan? Got you. Found insideInvestor Relations Steven H. Owings, Chmn. ScanSource, Inc. is a wholesale distributor of specialty technology products, providing value-added distribution services to resellers in the specialty technology markets. ScanSource Reports Fourth Quarter And Annual ResultsStrong Finish to Fiscal Year 2014 GREENVILLE, S Motley Fool Transcribers. Search Text Minimum 3 characters required. We will now open it up for questions. I'd just be curious, your view on the biggest pockets of opportunity to do things differently or perhaps emphasize? Our non-GAAP SG&A expense for the quarter of $59.1 million declined $7.6 million or 11% year-over-year. $0.96. We had 7% sequential sales growth from the September quarter. An investor presentation that will be used at the conference and investor meetings is posted in the Investor Relations section of the ScanSource, Inc. website, www.scansource.com. The information included in this CFO commentary is unaudited and should be read in conjunction with the Company's SEC filings on Form 10-K for the year ended June 30, 2017 and subsequent reports on Form 10-Q. Our net leverage totaled approximately 1.1 times trailing 12-month adjusted EBITDA. Found 18 colleagues at Golden Seeds. Scansource Inc ( NASDAQ:SCSC) Q2 2021 . Whether you are an analyst, shareholder, or journalist, you have come to the right place for information on PC Connection, Inc. ScanSource disclaims any duty to update any forward-looking statements to reflect actual results or changes in expectations, except as required by law. SCSC earnings call for the period ending December 31, 2020. Our Intelisys business had another record quarter, driven by the continued market shift to cloud-based solutions. A webcast of the call is available and can be accessed at www.scansource.com (Investor Relations section). Q3 2021. And can you just maybe expand on what's happening in Brazil? DELL TECHNOLOGIES CLOUD. And then last question for me. When is the next Annual Meeting of Shareholders? What is ScanSource's history of stock splits? And it just so happens that when you look at this business year-over-year, that business was challenged more than some of our others, we didn't see that coming. [Operator Instructions] I would now like to turn the call over to Mary Gentry, Vice President, Treasurer and Investor Relations. And I can certainly appreciate the difficulty forecasting, in this environment. The Director's Manual not only puts today's board challenges in proper context, it provides a very practical and usable roadmap for creating an engaging, value-adding board." —Steve Macadam, CEO, Enpro Industries "Peter is the consummate ... ScanSource will present additional information about its financial results and outlook on a conference call today at 5:00 p.m. (ET). Is that just the greater growth from the service-based revenue? Your one-stop guide to the common patterns and practices, showing you how to apply these using the Go programming language About This Book This short, concise, and practical guide is packed with real-world examples of building microservices ... Ideal for a curious young musician, this juvenile-level biographical sketch of Chopin provides an overview of musical contributions, amongst the other great composers. These divestitures were classified as discontinued operations in our second quarter fiscal year 2021 financial statement. This book is almost as good as having Jon in your face on Bar Rescue, telling you the hard truths you've been avoiding. Don't Bullsh*t Yourself! is Jon Taffer's brutally honest, no-nonsense guide to help you kick those excuses to the curb. ScanSource will present additional information about its financial results and outlook in a conference call on Monday, May 11, 2020 at 5:00 pm ET. I guess just maybe in a similar line of question, just the operating income as a percent of sales in communications and services, a big increase over the prior year. And Steve, being the new guy, he's already heard us talk about it in a lot of meetings. As John mentioned, our higher-margin POS Portal payments business declined year-over-year. Quentin Joon is hunting a traitor and the best person to help him is the woman he turned his back on three years ago. This session contains the following paper: Air quality impacts of a regional HOV system (Purvis, class). The webcast will be available for replay for 60 days. We've got to manage those operating expenses very, very tightly, while still leaving us room for some very specific investments for the future. And so we believe that, we are extremely focused. You can contact ScanSource Investor Relations at the web and street addresses below. We are not providing forecast range for the third quarter because of the uncertainty around COVID-19 on our business. Can you just highlight that a little bit? Market Open. We provide partners with confidence and credibility by enabling them with the financial strength and stability of ScanSource, while offering the broadest and deepest supplier portfolio across connectivity and cloud services. So that's really what we meant, by a decline quarter-to-quarter, it was sequentially. SCSC. So the recurring revenue, as a percentage of revenue, is going to be very small. <>/ExtGState<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> 0001600781-21-000022.rtf. Listen to the webcast of Dell Technologies Securities Analyst Meeting. ScanSource's fiscal year ends on June 30. Who are ScanSource's independent auditors? Form 8937 Ex-Dividend Date 04-11-19. When was the last annual shareholder meeting? Good afternoon. 2 I'd like to welcome Steve Jones, our new CFO, to the ScanSource family. ScanSource, Inc. 35.44 D 0.70% (0.25) Latest Quarter. Mary, I'm going to look to you to kind of -- see if we're willing to give some of that. Working capital investment declined both sequentially and year-over-year. And in -- for the second quarter, that was 19% of the gross profit coming from the Intelisys recurring revenue. Then a few weeks later, the challenges presented by the COVID-19 pandemic began to unfold. And what's the prospect for the third quarter? Found inside – Page 688Earnings : ( $ 1,473,000,000 ) SC Paracon ( Div . of Schawk , Inc. ) Assets : $ 29,156,000,000 ScanSource Latin America 450 W 33rd St 11th FI Liabilities : $ 18,771,000,000 Major Banking Relationship : Bank of New York , NY 10001-2603 ... Can you hold OpEx around this $60 million or so, quarterly run rate level and drop through most of that growth on a forward basis? But I would also suggest to you with the improvement of the balance sheet, and Steve and I just talked about this, this morning, we do believe that as strategic opportunities for growth appear from an acquisition standpoint, we'll definitely be taking a look at that going forward. $2.0. A webcast of the call is available and can be accessed at www.scansource.com (Investor Relations section). Found inside – Page 824That year , in response to investor demand for more liquidity , TDS planned to buy the shares in U.S. Cellular and ... age 51 VP , Corporate Relations : Mark A. Steinkrauss , age 58 VP , Engineering : Rudolph E. Hornacek , age 76 VP ... Services+; Custom Configuration Center; Phone Provisioning Services; Certification Training; Customer Service. Greenville, SC 29615. Stock Advisor will renew at the then current list price. President Sam Burd discusses the evolution of our CSG business . B us i ne s s . Is that just that you're just in such a strong position there? ScanSource is incorporated in South Carolina. Several factors build up to your recurring revenue stream. A year later, in North America, I'm proud to report, with our increased focus on customer satisfaction, that we drove greater sales volumes, higher customer counts, larger average order sizes and an increased number of orders. 50 prayers designed for children to talk to God throughout the day. About ScanSource You can find our earnings reports, Securities and Exchange Commission filings, and other press releases at www.scansource.com under Investor Relations. How do I change the address on my ScanSource stock certificate? Understood. SNX-CNXC Form 8937. And does that give you a bigger than usual pipeline going into the third quarter? Records per page. The webcast will be available for replay for 60 days. Stock Advisor list price is $199 per year. Just the basis for that comment, did you maybe finish the quarter strong, that give you some momentum going into the back half of the year? And so that's what drives the strong profitability in that segment is Intelisys, just as kind of a reminder. Despite COVID-19, we are leveraging our marketing spend to drive innovative digital events and virtual customer engagement. The 2021 Annual Meeting of Shareholders was held on January 28, 2021 in Greenville, South Carolina. Investors Arrow Electronics guides innovation forward for over 180,000 leading technology manufacturers and service providers. It's great to join the ScanSource family and also great to have excellent quarterly results to discuss with you. Michael L. Baur -- Chairman and Chief Executive Officer. And I can just tell you from our Board's perspective, when we had this discussion last week, they were very clear that we need to make sure that we continue to invest for the long-term in these strong, high-margin recurring revenue businesses. Customer Service; Submit RMA; Manufacturer Warranty and DOA The webcast will be available for replay for 60 days. And then just last question. unless otherwise noted. Our next question comes from Chris McGinnis with Sidoti. This book offers surprising insights and practical advice about how to fan the sparks and make the grind more productive. Steve, we -- welcome aboard. Our POS portal payments business, which has higher margins, declined 28% year-over-year. Can you maybe just expand a little bit on that as well, that partner growth that you talked about and you commented on? That's helpful. I mean, we've seen growth there and we believe in that model. A webcast of the call is available and can be accessed at www.scansource.com (Investor Relations section). Thanks, John. This is no conspiracy theory. Hundreds of millions of dollars have already been invested in what global corporations and the government are calling "the hottest new technology since the bar code. Hey, Adam thanks for the questions. Discounted offers are only available to new members. Foreign currency translations negatively impacted non-GAAP sales by approximately $28 million. Or did that give you a pipeline to start the third quarter with? I'd also like to take this opportunity to thank our partners and suppliers for their continued commitment and dedication to growing their businesses with ScanSource. We expect to hold our next conference call to discuss March 31 quarterly results on Monday, May 10, 2021. When did ScanSource go public and at what price? The Valuation Handbook – U.S. Guide to Cost of Capital, 2011 Essentials Edition includes two sets of valuation data: Data previously published in the 2011 Duff & Phelps Risk Premium Report Data previously published in the ... The Investor Relations website contains information about EXL.'s business for stockholders, potential investors, and financial analysts. And so if you take our products business, which has stabilized dramatically and resulted in a strong increase in sales, absent a couple of areas that we highlighted. SNX Attachment to Form 8937. Or did those issue -- did those sales go elsewhere? billion FY 2020 sales. Our business continued to build sales momentum, gained operating leverage on SG&A and [Technical Issues]. Steve's background is an outstanding fit for ScanSource, because of his experiences working with a supplier going through digital transformation and a software company moving from licensing to subscription. First of all, on the foundation for growth, really what I was saying, if you look back over last year. All Filings. We had customers that were upset at us. Our higher-than-expected net sales this quarter are due to an increase in large deals and year-end budget flush. In Brazil, our team achieved a record sales quarter in local currency, led by large deals with double-digit growth across the business, enabling us to take share. ScanSource had its initial public offering (IPO) of common stock units on March 18, 1994, at a split-adjusted price of $1.25 per unit. And Chris, I want to add one more comment, if I can. Investors. And we're -- fingers crossed, we're hopeful to see that continue moving forward. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Thanks for taking my questions. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. And in 2020, we had a great recruiting year for new partners, increasing Intelisys agent recruitment by some 22% over the prior year. Understood. 5 10 15 20 25 50 100. 10. Or how should we think about that algorithm? I think the big opportunity is Intelisys. Yes, I'll take it. Thanks, Steve. 10/19/21. FIRESIDE CHAT REPLAY. But given your comments on, foundation for growth in the back half, do you think you can grow year-over-year in Q3 off of that, $745 million you did last year? Yes. You can contact ScanSource Investor Relations at the web and street addresses below. Cumulative Growth of a $10,000 Investment in Stock Advisor, Scansource Inc (SCSC) Q1 2022 Earnings Call Transcript, Scansource Inc (SCSC) Q4 2021 Earnings Call Transcript, Scansource Inc (SCSC) Q3 2021 Earnings Call Transcript, Some Numbers at ScanSource that Make Your Stock Look Good, Copyright, Trademark and Patent Information. Mark Morgan and Paul Constantine joining Mike Ketchum as the team that really is leading that business. We also continue to grow the number of our top platinum partners and we continue to see strong growth in their business. I think a lot of it comes down to having a great team. Now, Steve will take you through the financial results. Our next question comes from Keith Housum with Northcoast Research. The book also includes seven deep dives to help you implement your onboarding, upsell, retention, referral, and behavioral sequences, among others. We generated strong operating cash flow of $44 million for the quarter and $215 million for the trailing 12-month period. Following our historical seasonal trend, we expect net sales to decline quarter-over-quarter. These risks and uncertainties include, but are not limited to, those factors identified in the earnings release we put out today and in ScanSource's Form 10-K for the year ended June 30, 2020, as filed with the SEC. Single Ticker Widget. SCANSOURCE, INC. FOURTH QUARTER AND FY 2021 RESULTS CONFERENCE CALL. This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. Investor Relations 480.333.3420 Rosalind.Berkley@insight.com. Okay. The 2015 Valuation Handbook includes data through December 31, 2014, and is intended to be used for 2015 valuation dates. View Investor Presentation. Thank you very much. As you can see from our press release, our second quarter results improved substantially over the first quarter. (opens in new window) 352 KB. This fantastic prayer book for the kids in your life will put the amazing power of prayer into perspective as they pray for their friends, their families, their neighborhoods, their schools, their cities, their country, and beyond. Look, I mean, as Steve said, and I said it in my comments, we definitely saw some shortages. We realized the planned quarterly impact of our expense reduction plan announced in July. Good afternoon guys. Just amazing. This is a new HP. As we said on the call, we exceeded our expectations with the $811 million, the revenue. Facts are separated from fiction, giving you the straight scoop, and the inside story. This work is meant to serve as a companion to the IEEE standard; a Rosetta stone to help you decipher the hieroglyphics. %���� Scott Walters Media Relations 480.889.9798 scott.walters@insight.com. And if you recall a year ago, when we talked about the December quarter, it was a disaster. Great. ScanSource, Inc. 6 Logue Court. Yeah. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. A webcast of the conference call will be available on the ScanSource Investor Relations page. NOVEMBER 9, 2021 - 5 PM ET. As we start the second half of our fiscal year, we believe we have built a foundation for growth, and there are new market opportunities for ScanSource in 2021 that are larger than ever before. All Chief Communications jobs in South Carolina on Careerjet.com, the search engine for jobs in the USA If you go back and look many, many years now, again, that may not be the way it works.
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