ScanSource Issues Q3 Guidance - Quick Facts

(RTTNews) - ScanSource, Inc. (SCSC) announced, for the third quarter, the company expects: net sales to range from $800 million to $860 million, earnings per share to range from $0.42 to $0.49 per share, and non-GAAP earnings per share to range from $0.62 to $0.69 per share.

For the second quarter, net sales were $904.8 million decreased from $993.5 million in the prior year quarter. The company said the decrease was primarily due to lower sales volume in the Worldwide Barcode, Networking and Security segment. Non-GAAP net income for the second quarter totaled $19.1 million, or $0.75 per share, representing decreases compared with the prior year.

"We are pleased to deliver strong bottom-line results, despite top-line growth challenges. Our core business achieved better than expected profitability from higher gross margins. In addition, the recurring revenues and higher margins from our successful Intelisys acquisition led to these strong results," said Mike Baur, CEO.