ScanSource Q1 sales fell 11.5% to $775.6 million; GAAP EPS rose 13.1% to $0.69
ScanSource reported fiscal first-quarter 2025 results for the quarter ended September 30, 2024, with net sales down 11.5% to $775.6 million and GAAP diluted EPS up 13.1% to $0.69. GAAP operating income fell 26.8% to $17.6 million, and the company reaffirmed its fiscal 2025 annual outlook without change. For shareholders, per-share profit rose on lower sales, while the sales decline and operating income drop show a weaker underlying operating trend.
Key points
- Net sales were $775.6 million, down 11.5% year over year; non-GAAP net sales, excluding currency and acquisitions, fell 10.7%.
- GAAP diluted EPS was $0.69 versus $0.61; non-GAAP diluted EPS was $0.84 versus $0.74.
- GAAP operating income was $17.6 million versus $24.1 million, including $5.1 million in restructuring and other charges.
- Fiscal 2025 outlook was reaffirmed: 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
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 November 07, 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.