ScanSource Files 10-Q for Q2 2025

TL;DR

ScanSource dropped its Q2 2025 10-Q. Check financials.

AI Summary

ScanSource, Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and operational details for this period are presented, though specific dollar amounts for revenue or profit are not detailed in this header information.

Why It Matters

This filing provides investors with an update on ScanSource's financial performance and operational status for the second quarter of their fiscal year, crucial for understanding the company's trajectory.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information that could reveal significant performance changes, impacting investor decisions.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for the 10-Q)
• 2024-12-31 — Period End Date (The end date of the financial reporting period)
• 2025-01-30 — Filing Date (The date the report was submitted to the SEC)

Key Players & Entities

• SCANSOURCE, INC. (company) — Filer of the 10-Q
• 20241231 (date) — End of reporting period
• 20250130 (date) — Filing date
• GREENVILLE, SC (location) — Company headquarters

FAQ

Filing Documents

• scsc-20241231.htm (10-Q) — 1867KB
• zebraamendmenteolredacte.htm (EX-10.3) — 6KB
• letterrecontractualdisco.htm (EX-10.4) — 10KB
• scansourceex31112312024.htm (EX-31.1) — 10KB
• scansourceex31212312024.htm (EX-31.2) — 10KB
• scansourceex32112312024.htm (EX-32.1) — 6KB
• scansourceex32212312024.htm (EX-32.2) — 6KB
• letterrecontractualdisco001.jpg (GRAPHIC) — 235KB
• letterrecontractualdisco002.jpg (GRAPHIC) — 69KB
• letterrecontractualdisco003.jpg (GRAPHIC) — 154KB
• letterrecontractualdisco004.jpg (GRAPHIC) — 98KB
• letterrecontractualdisco005.jpg (GRAPHIC) — 73KB
• letterrecontractualdisco006.jpg (GRAPHIC) — 73KB
• letterrecontractualdisco007.jpg (GRAPHIC) — 51KB
• scsc-20241231_g1.jpg (GRAPHIC) — 7KB
• zebraamendmenteolredacte001.jpg (GRAPHIC) — 209KB
• zebraamendmenteolredacte002.jpg (GRAPHIC) — 122KB
• zebraamendmenteolredacte003.jpg (GRAPHIC) — 76KB
• 0000918965-25-000010.txt ( ) — 9748KB
• scsc-20241231.xsd (EX-101.SCH) — 45KB
• scsc-20241231_cal.xml (EX-101.CAL) — 70KB
• scsc-20241231_def.xml (EX-101.DEF) — 196KB
• scsc-20241231_lab.xml (EX-101.LAB) — 607KB
• scsc-20241231_pre.xml (EX-101.PRE) — 427KB
• scsc-20241231_htm.xml (XML) — 1264KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements 5 Condensed Consolidated Balance Sheets (unaudited) at December 3 1 , 2024 and June 30, 2023 5 Condensed Consolidated Income Statements (unaudited) for the Quarters and Six Months ended December 31 , 2024 and 2023 6 Condensed Consolidated Statements of Comprehensive Income (unaudited) for the Quarters and Six Months ended December 31 , 2024 and 2023 7 Condensed Consolidated Statements of Shareholders' Equity (unaudited) for the Quarters and Six Months ended December 31 , 2024 and 2023 8 Condensed Consolidated Statements of Cash Flows (unaudited) for the Six Months Ended December 31 , 2024 and 2023 10 Notes to Condensed Consolidated Financial Statements (unaudited) 11

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 47

Controls and Procedures

Item 4. Controls and Procedures 48

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 49

Risk Factors

Item 1A. Risk Factors 49

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 49

Other Information

Item 5. Other Information 50

Exhibits

Item 6. Exhibits 51

SIGNATURES

SIGNATURES 52 3 Table of Contents

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS Forward-looking statements are included in the "Risk Factors," "Legal Proceedings," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Quantitative and Qualitative Disclosures About Market Risk" sections and elsewhere herein. Words such as "expects," "anticipates," "believes," "intends," "plans," "hopes," "forecasts," "seeks," "estimates," "goals," "projects," "strategy," "future," "likely," "may," "should," "will," and variations of such words and similar expressions generally identify such forward-looking statements. Any forward-looking statement made by us in this Form 10-Q is based only on information currently available to us and speaks only as of the date on which it is made. Except as may be required by law, we expressly disclaim any obligation to update these forward-looking statements to reflect events or circumstances after the date of this Quarterly Report on Form 10-Q. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. You should not place undue reliance on forward-looking statements as actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of factors including, but not limited to the following factors, which are neither presented in order of importance nor weighted: macroeconomic conditions, including potential prolonged economic weakness, inflation and supply chain challenges, the failure to manage and implement the Company's growth strategy, the Company's ability to realize the synergies or other benefits from acquisitions, credit risks involving the Company's larger customers and suppliers, changes in interest and exchange rates and regulatory regimes impacting the Company's international operations, risk to the Company's business from a cyber attack, a failure of the Company's IT systems, failure to hire and retain quality employees, loss of

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements SCANSOURCE, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (In thousands, except share information) December 31, 2024 June 30, 2024 Assets Current assets: Cash and cash equivalents $ 110,520 $ 185,460 Accounts receivable, less allowance of $ 25,670 at December 31, 2024 and $ 20,684 at June 30, 2024 549,112 581,523 Inventories 491,978 512,634 Prepaid expenses and other current assets 132,155 125,082 Total current assets 1,283,765 1,404,699 Property and equipment, net 30,152 33,501 Goodwill 227,932 206,301 Identifiable intangible assets, net 72,691 37,634 Deferred income taxes 17,541 19,902 Other non-current assets 70,448 76,995 Total assets $ 1,702,529 $ 1,779,032 Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 520,408 $ 587,984 Accrued expenses and other current liabilities 70,985 65,616 Current portion of contingent consideration 2,039 — Income taxes payable 8,330 7,895 Current portion of long-term debt 7,861 7,857 Total current liabilities 609,623 669,352 Long-term debt, net of current portion 132,038 136,149 Borrowings under revolving credit facility — 50 Long-term portion of contingent consideration 16,304 — Other long-term liabilities 43,902 49,226 Total liabilities 801,867 854,777 Commitments and contingencies Shareholders' equity: Preferred stock, no par value; 3,000,000 shares authorized, none issued — — Common stock, no par value; 45,000,000 shares authorized, 23,612,543 and 24,243,848 shares issued and outstanding at December 31, 2024 and June 30, 2024, respectively — 26,370 Retained earnings 1,031,934 1,013,738 Accumulated other comprehensive loss ( 131,272 ) ( 115,853 ) Total shareholders' equity 900,662 924,255 Total liabilities and shareholders' equity $ 1,702,529 $ 1,779,032 June 30, 2024 amounts are derived from audited consolidated financial statements. See accompanying notes to these condensed consolidated financi

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View this 10-Q filing on SEC EDGAR