Stephen T. Jones

“Our first quarter results reflect strong, broad-based demand in North America. While that demand drove significant revenue growth, profitability was impacted by a mix of large hardware deals that carry lower margins, along with customer-specific bad debt reserves in Brazil.”

“Our Q1 financial results reflect our transformed business model that derives more than 25% of our gross profit from our recurring revenues, including strong growth from our Intelisys business, successful execution of our working capital normalization plan, and a mixed demand across technologies in our device business.”

“For Q1, we delivered strong top line growth with net sales of $944 million, up 10% year-over-year, and record profitability. Our non-GAAP diluted EPS of $1.07 and adjusted EBITDA of $45.3 million are all-time company records for ScanSource, and highlight our consistent, strong financial performance.”

“Our strong second quarter results demonstrate our team's successful execution of our strategic plan. It was an outstanding quarter for delivering top line growth, and our margins continue to benefit from the expanding mix of recurring revenues and value-added services.”

“Our strong first quarter results demonstrate our team's successful execution of our strategic plan. It was an outstanding quarter for delivering growth and higher returns.”