ScanSource, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended June 30, 2016. For the quarter, the company reported that net sales of $877,473,000 compared to $856,685,000 a year ago. Operating income was $18,938,000 compared to $24,977,000 a year ago. Income before income taxes was $18,603,000 compared to $24,911,000 a year ago. Net income was $12,925,000 or $0.50 per basic and diluted share compared to $16,447,000 or $0.57 per diluted share a year ago. EBITDA was $23,627,000 compared to $29,367,000 a year ago. Adjusted EBITDA (numerator for roic) (non-GAAP) was $20,954,000 compared to $30,911,000 a year ago. On non-GAAP basis, operating income was $18,856,000, pre-tax income was $18,521,000, net income was $13,141,000 or diluted EPS was $0.51 compared to operating income of $28,612,000, pre-tax income of $28,546,000, net income of $18,990,000 or diluted EPS of $0.66 for the same period a year ago.

For the year, the company reported that net sales were $3,540,226,000 compared to $3,218,626,000 a year ago. Operating income was $96,877,000 compared to $101,441,000 a year ago. Income before income taxes was $96,010,000 compared to $99,906,000 a year ago. Net income was $63,619,000 or $2.38 per diluted share compared to $65,419,000 or $2.27 per diluted share a year ago. EBITDA was $115,288,000 compared to $113,700,000 a year ago. Adjusted EBITDA (numerator for roic) (non-GAAP) was $117,445,000 compared to $119,621,000 a year ago. On non-GAAP basis, operating income was $108,862,000, pre-tax income was $107,995,000, net income was $72,249,000 or diluted EPS was $2.71 compared to operating income of $114,003,000, pre-tax income of $112,468,000, net income of $75,114,000 or diluted EPS of $2.61 for the same period a year ago.

For the first quarter ending September 30, 2016, the company expects net sales to range from $875 million to $925 million, diluted earnings per share to range from $0.49 to $0.57 per share, and non-GAAP diluted earnings per share to range from $0.60 to $0.68 per share. These ranges exclude results for the pending intelisys acquisition. Non-GAAP diluted earnings per share exclude amortization of intangibles, change in fair value of contingent consideration and acquisition costs.

For the fiscal year 2017, the company expects 34.5% effective tax rate.