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ScanSource, Inc. (SCSC) is a leading hybrid distributor that connects devices to the cloud and accelerates growth for customers across hardware, Software as a Service (SaaS), connectivity, and cloud services. The company provides technology solutions and services from over 500 leading suppliers to approximately 30,000 sales partners globally, primarily in the United States, Canada, Brazil, and the UK. ScanSource specializes in delivering customized solutions that address changing end-customer buying and consumption patterns.
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Specialty Technology Solutions - Focuses on mobility and barcode, point-of-sale (POS), payments, security, and networking technologies. Includes products such as mobile computing devices, barcode scanners, POS systems, payment terminals, video surveillance, access control, and networking solutions like switching, routing, and wireless products.
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Modern Communications & Cloud - Offers communications and collaboration solutions, connectivity, and cloud services. Includes voice, video, unified communications as a service (UCaaS), contact center as a service (CCaaS), infrastructure as a service (IaaS), software-defined wide-area networks (SD-WAN), and other cloud services. Provides SaaS and subscription services through digital tools and platforms.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Michael L. Baur ExecutiveBoard | Chief Executive Officer | Michael L. Baur has been the Chief Executive Officer of ScanSource, Inc. since December 1992. He also serves as Chair of the Board since February 2019 and was reappointed as President on January 27, 2025. With over 40 years of industry experience, his deep institutional knowledge has been key to the company's sustained growth and strategic evolution. | View Report → | |
Alexandre M. Conde Executive | Senior Executive Vice President and Chief People Officer | Alexandre M. Conde is the Senior Executive Vice President and Chief People Officer at ScanSource, Inc. since August 2022. He previously served as President of ScanSource Brazil from 2004 to 2011, joining ScanSource in 2011 via the acquisition of CDC Brasil. | ||
Rachel A. Hayden Executive | Senior Executive Vice President and Chief Information Officer | Rachel A. Hayden is the Senior Executive Vice President and Chief Information Officer at SCSC since June 7, 2021. Previously, she served as Chief Information Officer at Just Born, Inc. from 2016 to 2021 and held leadership roles at Berry Global from 2011 to 2016. | ||
Shana C. Smith Executive | Senior Executive Vice President, Chief Legal Officer | Shana C. Smith is the Senior Executive Vice President, Chief Legal Officer at ScanSource since February 2023, bringing extensive legal expertise from her previous leadership roles at NII Holdings, Inc. | ||
Stephen T. Jones Executive | Senior Executive Vice President and Chief Financial Officer | Stephen T. Jones has served as the Senior Executive Vice President and Chief Financial Officer at SCSC since December 2020. Prior to that, he was the International Chief Financial Officer at Blackbaud, Inc. from 2016 to 2020 and held various finance and management roles at Lexmark International from 2000 to 2016. | ||
Charles A. Mathis Board | Director | Board Member at SRI International | Charles A. Mathis serves as a Director and Chair of the Audit Committee at SCSC since August 2021. He previously served as CFO at SCSC from 2012 to 2016, bringing extensive expertise in financial leadership and corporate governance. | |
Dorothy F. Ramoneda Board | Director | Dorothy F. Ramoneda has served as Director of ScanSource, Inc. since November 2019. She previously held executive roles, including Executive Vice President and Chief Information Officer at First-Citizens Bank and leadership positions at Progress Energy. | ||
Elizabeth O. Temple Board | Director | Chair and Chief Executive Officer at Womble Bond Dickinson (US) LLP since January 1, 2016 until January 1, 2025; Board member at Messer Construction Co. since March 2023 | Elizabeth O. Temple has served as a director of SCSC since September 2017 and is the Chair of the Compensation Committee, using her extensive legal and corporate governance expertise. Previously, she has held active roles as the Chair and Chief Executive Officer at Womble Bond Dickinson (US) LLP since January 1, 2016 (until January 1, 2025) and has been a board member at Messer Construction Co. since March 2023. | |
Frank E. Emory Board | Director | Executive Vice President and Chief Legal Officer at Novant Health; Chief Administrative Officer at Novant Health | Frank E. Emory has served as a director of ScanSource, Inc. (SCSC) since October 2020, actively participating on all board committees. He also holds key external roles as Executive Vice President and Chief Legal Officer since December 2018, and Chief Administrative Officer since 2019 at Novant Health, highlighting his extensive legal and corporate expertise. | |
Jeffrey R. Rodek Board | Director | Executive Network Advisor and Limited Partner at Tensility Venture Partners; Executive Advisor and Member of the Leadership Council at Pathr.ai Inc. | Jeffrey R. Rodek has served as a director at ScanSource, Inc. since May 2020 and brings over 40 years of business and leadership experience across multiple industries, including enterprise software and technology solutions. | |
Peter C. Browning Board | Lead Independent Director | Managing Partner of Peter Browning Partners; Board Member at GMS, Inc. | Peter C. Browning serves as the Lead Independent Director at ScanSource since February 2019 and has been a director since June 2014, bringing decades of board governance expertise and extensive leadership experience from over 14 public-company boards. | |
Vernon Nagel Board | Director | Board Director, The AZEK Company; Board Director, Southwire Company | Vernon Nagel is a seasoned leader with extensive expertise in financial management and corporate governance, currently serving as a Director at ScanSource, Inc. since August 16, 2023. He has previously held key executive roles at Acuity Brands, Inc., including CEO and CFO positions, and he also serves on the boards of The AZEK Company and Southwire Company. |
- Given the double-digit decline in large deals and the unexpected net sales drop of 15.5% year-over-year, what specific strategies are you implementing to revive large deal flow and improve top-line growth in the coming quarters?
- With limited visibility into future revenues due to the lack of backlog, how confident are you in reconfirming your annual guidance, and what factors give you assurance despite acknowledging a cautious tech spending environment?
- The Intelisys & Advisory segment has faced flat growth and increased competitive pressures; how do you plan to differentiate and revitalize this business to return to sustainable growth?
- Considering the broad-based challenges across most of your technologies and reliance on a few areas like barcode mobility and physical security for growth, what actions are you taking to stimulate demand and diversify your revenue streams?
- Your acquisition strategy has shifted towards creating a new channel model rather than rolling up EBITDA; can you elaborate on how this approach will translate into tangible growth and enhanced shareholder value in the near term?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Ingram Micro | Competes in the Specialty Technology Solutions segment in most geographic areas, providing broad-line distribution services. |
Competes in the Specialty Technology Solutions segment in most geographic areas, offering broad-line distribution services. | |
Specialized security distributor competing in the Specialty Technology Solutions segment. | |
Specialized security distributor competing in the Specialty Technology Solutions segment. | |
BlueStar | Smaller, specialized distributor competing in the AIDC and POS markets within the Specialty Technology Solutions segment. |
Jenne | Specialized distributor competing in the Modern Communications & Cloud segment. |
Avant | Smaller technology services distributor competing with Intelisys' technology services. |
Telarus | Smaller technology services distributor competing with Intelisys' technology services. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Advantix | 2024 | Advantix was acquired on August 15, 2024, for a combined initial purchase price (with Resourcive) of approximately $56.8 million, with an additional $7.5 million in contingent consideration; the acquisition strategically supports ScanSource’s launch of its Integrated Solutions Group by adding VAR-focused, managed connectivity capabilities that enhance wireless enablement and recurring revenue streams. |
Resourcive | 2024 | Resourcive was completed on August 8, 2024, with the same combined purchase price as Advantix and includes a $9.7 million contingent consideration liability; it bolsters ScanSource’s advisory capabilities and fits its hybrid distribution strategy by providing strategic IT sourcing solutions and recurring revenue opportunities. |
Network1 | 2023 | The Network1 acquisition involved notable pre-acquisition contingencies related to Brazilian tax exposures, with escrow amounts of $3.4 million and indemnification receivables and liabilities recorded, highlighting complex financial and legal terms; these considerations, including an estimated range of undiscounted contingencies between $4.2 million to $16.9 million, were key conditions of the deal. |
No recent press releases or 8-K filings found for SCSC.