ScanSource, Inc. reported a net sales increase of 6.1% for the fiscal year ending June 30, 2026, totaling $3.23 billion, compared to $3.04 billion in the previous year. The company's profitability remained stable, with net income from continuing operations at $78.9 million, consistent with the prior year's figure of $71.5 million. The gross profit margin improved slightly to 13.6%, up from 13.4% in the previous fiscal year, reflecting effective cost management and increased sales volume.
The company experienced notable growth in its Specialty Technology Solutions segment, which saw a 6.2% increase in net sales, reaching $3.12 billion. This growth was primarily driven by strong performance in North America, where sales rose by 7.1%. Conversely, the Intelisys & Advisory segment reported a modest 3.1% increase in sales, totaling $101.1 million, attributed to higher sales from Intelisys and Resourcive. However, international sales declined by 5.6%, largely due to unfavorable foreign exchange rates.
Strategically, ScanSource has focused on expanding its capabilities through acquisitions, including the purchase of Resourcive and Advantix in 2024, and DataXoom in 2025. These acquisitions are expected to enhance the company's service offerings and market reach. Additionally, the company announced plans to acquire MicroAge for $220.5 million, which is anticipated to close in the third quarter of 2026, further strengthening its position in the technology solutions market.
Operationally, ScanSource serves approximately 25,000 channel sales partners and has maintained a workforce of around 2,100 employees. The company has implemented a new shared services model, SourceHub, aimed at improving efficiency across its North American and Brazilian operations. The number of days sales outstanding (DSO) increased slightly to 73 days, while inventory turnover improved to 6.6 times in the fourth quarter of fiscal 2026, indicating better inventory management.
Looking ahead, ScanSource remains cautious about the macroeconomic environment, including inflation and geopolitical tensions, which could impact its operations. The company is committed to maintaining financial flexibility and strategic planning to navigate these challenges. Management expects continued growth in its core segments, supported by its diversified product offerings and strategic acquisitions, while also focusing on enhancing operational efficiencies.
About SCANSOURCE, INC.
ScanSource, Inc. is a global technology distributor providing hardware, software, and cloud services through multiple sales models. Serving approximately 25,000 channel partners across various industries, it offers solutions in mobility, security, POS, networking, and connectivity. With a focus on operational excellence, supplier relationships, and a people-first culture, the company enables partners to deliver converging technology solutions and address evolving end-user needs.
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