ScanSource Q4: Earnings Fall Short, Specialty Tech Sales Decline, Intelisys Contribution Lifts Margins
ScanSource Q4: Earnings Fall Short, Specialty Tech Sales Decline, Intelisys Contribution Lifts Margins
ScanSource, Inc. (NASDAQ:SCSC) reported fourth-quarter revenues of $746.1 million, down 21.2% year-on-year. Revenues trailed the street view of $843.1 million.
ScanSource, Inc. (納斯達克:SCSC)報告了第四季度的營業收入爲74610萬美元，同比下降21.2%。營業收入低於街頭預期的84310萬美元。
Adjusted EPS of $0.80 missed the analyst consensus estimate of $0.93. The stock plunged after the disappointing print.
調整後的每股收益爲0.80美元，低於分析師的共識估計0.93美元。該股票在這一令人失望的業績公佈後暴跌。
Specialty Technology Solutions' net sales for the fourth quarter decreased 13.7% year-over-year to $484.7 million due to softer demand.
由於需求較弱，Specialty Technology Solutions第四季度的淨銷售額同比下降13.7%至48470萬美元。
Modern Communications & Cloud's net sales for the fourth quarter decreased 32.2% year-over-year to $261.4 million due to lower sales volumes in communications hardware and Cisco products. Intelisys net sales for the fourth quarter increased 6.2% year-over-year.
由於通信硬件和思科產品的銷售額下降，現代通信與雲計算第四季度的淨銷售額同比下降32.2%至26140萬美元。Intelisys第四季度的淨銷售額同比增長6.2%。
Gross profit fell 10.4% to $97.3 million. Gross margin improved to 13.04% from 11.47% in the year-ago period, reflecting Intelisys's higher contribution to the overall revenue mix.
毛利潤下降10.4%至9730萬美元。毛利率從去年同期的11.47%提高至13.04%，反映出Intelisys對整體營業收入組合的貢獻增加。
For the fourth quarter, operating income was $21.9 million compared to $27.3 million in the prior year quarter. Adjusted EBITDA for the fourth quarter decreased 15.0% Y/Y to $34.2 million, or 4.58% of net sales.
第四季度，營業利潤爲2190萬美元，而去年同期爲2730萬美元。調整後的EBITDA爲第四季度淨銷售額的15.0%，爲3420萬美元。
The company exited the quarter with cash and equivalents worth $185.5 million. It generated $53.5 million in free cash flow.
公司四季度期末現金和等價物價值爲18550萬美元。自由現金流達到5350萬美元。
"Our results for the year reflect a soft demand environment; however, we delivered strong margins and robust cash flow," said Mike Baur, Chair and CEO of ScanSource. "We are executing well on our capital allocation plan to invest in strategic acquisitions and share repurchases."
"我們今年的業績反映出需求環境疲軟，但是我們實現了強勁的毛利率和健康的現金流量，"ScanSource的董事長兼首席執行官Mike Baur表示: "我們正在執行良好的資本配置計劃，以投資戰略性收購和回購股份。"
Outlook: ScanSource expects fiscal 2025 net sales growth of $3.10 billion-$3.50 billion versus $3.36 billion estimate. The company projects an adjusted EBITDA of $140 million-$160 million. It expects an adjusted free cash flow of at least $70 million.
展望：ScanSource預計2025財年淨銷售額將增長31億美元至35億美元，而預測爲33.6億美元。該公司預計調整後的EBITDA爲1.4億美元至1.6億美元。預計調整後的自由現金流至少爲7000萬美元。
Analyst Rating: On August 15, Raymond James analyst Adam Tindle downgraded ScanSource's rating from Outperform to Market Perform.
分析師評級：8月15日，雷蒙德詹姆斯分析師亞當·廷德爾將ScanSource的評級從跑贏大盤降低爲市場表現。
ScanSource stock gained 47% in the last 12 months.
ScanSource股票在過去12個月中上漲了47%。
Price Action: SCSC stock traded lower by 3.29% to $47.30 at the last check Tuesday.
股價走勢：截至上週二最後一次查詢，SCSC股票下跌3.29%，至47.30美元。
譯文內容由第三人軟體翻譯。