ScanSource (SCSC) Tops Q1 EPS by 7c, Revenues Beat
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ScanSource Reports First Quarter Results
November 9, 2020 4:05 PM ESTNet Sales of $757 Million with 19% Quarter-Over-Quarter Growth
GREENVILLE, S.C.--(BUSINESS WIRE)-- ScanSource, Inc. (NASDAQ: SCSC), a leading provider of technology products and solutions, today announced financial results for the first quarter ended September 30, 2020. All results in this release reflect continuing operations only unless otherwise noted.
First Quarter Summary:
Net sales: $757.3 million, down 10% year-over-year (down 7% year-over-year for organic growth) 19% quarter-over-quarter growth for net sales (up from $636.5 million for fourth quarter of fiscal year 2020) Gross profit: $80.8 million, down 18%... More