ScanSource Reports First Quarter Results
ScanSource reported Q1 FY27 net sales of $962.3 million, up 30.1% year-over-year, with growth in both segments and the MicroAge acquisition closed in September. Profitability moved the other way: GAAP EPS fell to $0.42 from $0.89, gross margin compressed to 12.2% from 14.5% on hardware sales mix, and the company used $44.1 million of free cash flow on working-capital investment. Results include roughly $4.5 million of higher bad debt expense tied to specific customer credit exposures in Brazil, a $0.16 drag on diluted EPS.
Key figures
- Eps
- 0.42
- Revenue
- 962294000
- Guidance
- FY27 net sales $3.8B-$4.0B; adjusted EBITDA $175M-$185M (raised from $158M-$165M); free cash flow at least $85M; updated to include MicroAge acquisition
- Revenue Yoy
- 30.1%
- Cash
- 45866000
- Total debt
- 332400000
- Gross profit
- 116944000
- Non gaap eps
- 0.86
- Adjusted ebitda
- 31298000
- Bad debt expense
- 4500000
- Operating income
- 12393000
- Share repurchases
- 4800000
- Gross profit margin
- 12.2%
- Adjusted ebitda margin
- 3.25%
AI analysis
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