ScanSource, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 09, 2023 at 01:39 pm
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ScanSource, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 885.52 million compared to USD 845.99 million a year ago. Net income was USD 21.22 million compared to USD 23.53 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.92 a year ago. Diluted earnings per share from continuing operations was USD 0.83 compared to USD 0.91 a year ago. Basic earnings per share was USD 0.84 compared to USD 0.92 a year ago. Diluted earnings per share was USD 0.83 compared to USD 0.91 a year ago.
For the nine months, sales was USD 2,840.57 million compared to USD 2,567.65 million a year ago. Net income was USD 71 million compared to USD 68.85 million a year ago. Basic earnings per share from continuing operations was USD 2.81 compared to USD 2.69 a year ago. Diluted earnings per share from continuing operations was USD 2.79 compared to USD 2.66 a year ago. Basic earnings per share was USD 2.81 compared to USD 2.69 a year ago. Diluted earnings per share was USD 2.79 compared to USD 2.67 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.