ScanSource Q4 Earnings Beat Estimates, Plans Working Capital Optimization To Reach Margin Expectations
Portfolio Pulse from Nabaparna Bhattacharya
ScanSource, Inc. reported Q4 revenues of $947.15 million, down 1.6% Y/Y but beating the street view of $897.20 million. Non-GAAP EPS of $0.76 also beat the consensus of $0.75. The company plans to optimize its working capital to meet margin expectations and market demand. For FY24, ScanSource expects GAAP operating income to be at least $134 million and Adjusted EBITDA to be at least $180 million, with net sales growth of at least 3%.
August 22, 2023 | 3:28 pm
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ScanSource reported better than expected Q4 revenues and EPS. The company's plan to optimize working capital and positive FY24 outlook may boost investor confidence.
ScanSource's Q4 earnings beat estimates, which is a positive signal for investors. The company's plan to optimize working capital indicates a focus on improving financial health, which could further boost investor confidence. The positive FY24 outlook suggests that the company expects continued growth, which could drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100