ScanSource, Inc. Reports Earnings Results for the Fourth Quarter Ended June 30, 2022
August 23, 2022 at 04:15 pm EDT
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ScanSource, Inc. reported earnings results for the fourth quarter ended June 30, 2022. For the fourth quarter, the company reported sales was USD 962.28 million compared to USD 852.69 million a year ago. Net income was USD 19.95 million compared to USD 23.71 million a year ago.
Basic earnings per share from continuing operations was USD 0.79 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 0.8 a year ago. Basic earnings per share was USD 0.79 compared to USD 0.93 a year ago.
Diluted earnings per share was USD 0.78 compared to USD 0.92 a year ago.
ScanSource, Inc. is a hybrid distributor connecting devices to partners across hardware, software-as-a-service (SaaS), connectivity and cloud. The Company provides technology solutions and services from suppliers of mobility, barcode, point-of-sale (POS), payments, physical security and networking, communications and collaboration, connectivity and cloud services. It segments include Specialty Technology Solutions and Modern Communications & Cloud. Its Specialty Technology Solutions segment includes enterprise mobile computing, data capture, barcode printing, POS, payments, networking, electronic physical security, cyber security and other technologies. Its Modern Communications & Cloud segment includes communications technologies and services for voice, video conferencing, wireless, data networking, cyber security, cable, unified communications and collaboration, cloud and technology services. Its segments operate in the United States, Canada, Brazil and the United Kingdom.