ScanSource (SCSC) Misses Q4 EPS by 2c, Revenues Miss

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Go back to ScanSource (SCSC) Misses Q4 EPS by 2c, Revenues Miss

ScanSource Reports Fourth Quarter and Fiscal Year 2020 Results

August 31, 2020 4:08 PM EDT

GREENVILLE, S.C.--(BUSINESS WIRE)-- ScanSource, Inc. (NASDAQ: SCSC), a leading provider of technology products and solutions, today announced financial results for the fourth quarter and fiscal year ended June 30, 2020. All results in this release reflect continuing operations only unless otherwise noted.

Fourth Quarter Summary:

Net sales: $636.5 million, down 22% year-over-year Gross profit: $74.1 million, down 23% year-over-year GAAP operating loss of $(113.4) million; non-GAAP operating income of $8.2 million Net loss from continuing operations of $(108.9) million, which includes non-cash goodwill and asset impairment charges of $120.5... More