Acquisitions Shine, But Q4 Reveals Financial Fog For ScanSource
ScanSource has shown solid growth and smart acquisitions, but mixed financials with dropping sales, high costs, and potentially overpriced stock raise concerns. Despite a strong 2024 performance, long-term returns lag behind the S&P 500, and the stock lacks dividends, making it less attractive for income-focused investors. Recent acquisitions like Resourcive and Advantix aim to boost high-margin, recurring revenue, but high acquisition costs and weak sales numbers pose risks.
ScanSource Q4 Earnings Lag Estimates, Revenues Fall Y/Y
SCSC witnesses year-over-year declines in both its top and bottom lines in fiscal 2024 due to weak demand.
ScanSource, Inc. (SCSC) Q4 2024 Earnings Call Transcript
ScanSource, Inc. (NASDAQ:SCSC ) Q4 2024 Earnings Conference Call August 27, 2024 10:30 AM ET Company Participants Mary Gentry - SVP, Treasurer & IR Mike Baur - Chair & CEO Steve Jones - Senior Executive Vice President, CFO Conference Call Participants Adam Tindle - Raymond James Greg Burns - Sidoti Keith Housum - Northcoast Research Matthew Harrigan - The Benchmark Company Operator Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.
ScanSource (SCSC) Misses Q4 Earnings and Revenue Estimates
ScanSource (SCSC) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.76 per share a year ago.
US Stocks Mixed; ScanSource Reports Weak Q4 Results
U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.
SCSC or GWW: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Industrial Services sector might want to consider either ScanSource (SCSC) or W.W. Grainger (GWW).
