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AI brief of an SEC Form 8-K · ScanSource (SCSC)

ScanSource fiscal 2024 net sales fell 13.9% to $3.3 billion; profit declined

Negative Impact 3 of 5 earnings Written later

ScanSource reported fourth-quarter and fiscal 2024 results for the year ended June 30, 2024, with net sales down 21.2% in the quarter and 13.9% for the year, and GAAP diluted EPS down year over year. The company also issued its first fiscal 2025 outlook, projecting net sales of $3.1 billion to $3.5 billion and adjusted EBITDA of $140 million to $160 million, and said it completed two acquisitions in August 2024.

Key points

  • Q4 fiscal 2024 net sales were $746.1 million, down 21.2%, and GAAP diluted EPS was $0.64 versus $0.68 a year earlier.
  • Fiscal 2024 GAAP diluted EPS was $3.06 versus $3.47, and operating cash flow was $371.6 million versus a $35.8 million outflow.
  • FY25 outlook: net sales $3.1 billion to $3.5 billion, adjusted EBITDA $140 million to $160 million, and free cash flow of at least $70 million.

The filing

CompanyScanSource (SCSC)
Form8-K, current report
Filed with the SECAug 27, 2024, 8:30 AM ET
Accession number0000918965-24-000026

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.