OverviewSuggest Edit

ScanSource is an international distributor of specialty technology products that provides point-of-sale, barcode, physical security, video, voice, data, networking, and technology services. It offers data capture and POS solutions to automate the collection, processing, and communication of information for commercial and industrial applications. The company also provides a portfolio of solutions primarily for communications technologies and services comprising voice, video conferencing, wireless, data networking, cable, unified communications and collaboration, cloud, and technology services, as well as IP networks and other solutions for various vertical markets comprising education, healthcare, and government.

TypePublic
Founded1992
HQGreenville, SC, US
Websitescansource.com
Employee Ratings3.8
Overall CultureA-

Latest Updates

Employees (est.) (Jun 2019)2,700(+4%)
Job Openings61
Revenue (FY, 2020)$3 B(-21%)
Share Price (Sept 2021)$34.2(-2%)
Cybersecurity ratingBMore

Key People/Management at ScanSource

Mike Baur

Mike Baur

Chairman and Chief Executive Officer
Jeff Nicoll

Jeff Nicoll

Vice President, Sales
Peter Browning

Peter Browning

Director
Mike Grainger

Mike Grainger

Director
Frank Emory

Frank Emory

Board Member
Dorothy Ramoneda

Dorothy Ramoneda

Director
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ScanSource Office Locations

ScanSource has offices in Greenville, Doral, Lenexa, Louisville and in 31 other locations
Greenville, SC, US (HQ)
6 Logue Ct
Doral, FL, US
1935 NW 87th Ave
Lenexa, KS, US
11170 Thompson Ave
Louisville, KY, US
1920 Watterson Trail
Milwaukee, WI, US
325 E Chicago St 5th Floor
New York, NY, US
1460 Broadway
Show all (37)

ScanSource Financials and Metrics

ScanSource Revenue

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ScanSource's revenue was reported to be $3.05 b in FY, 2020
USD

Revenue (Q2, 2021)

810.9m

Gross profit (Q2, 2021)

86.0m

Gross profit margin (Q2, 2021), %

10.6%

Net income (Q2, 2021)

(14.2m)

Market capitalization (14-Sept-2021)

872.0m

Closing stock price (14-Sept-2021)

34.2

Cash (31-Dec-2020)

67.2m

EV

956.7m
ScanSource's current market capitalization is $872 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

3.6b3.8b3.9b3.0b

Revenue growth, %

1%8%1%

Cost of goods sold

3.2b3.4b3.4b2.7b

Gross profit

383.6m436.1m452.6m355.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Revenue

924.6m1.0b895.6m972.9m1.0b893.4m1.0b989.5m872.5m810.9m

Cost of goods sold

818.6m919.2m791.7m860.7m925.5m783.3m894.8m875.6m777.7m724.9m

Gross profit

105.9m113.0m103.9m112.2m120.5m110.0m112.1m113.9m94.8m86.0m

Gross profit Margin, %

11%11%12%12%12%12%11%12%11%11%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

56.1m25.5m23.8m29.5m

Accounts Receivable

637.3m678.9m655.0m443.2m

Prepaid Expenses

94.7m

Inventories

531.3m595.9m697.3m454.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Cash

23.6m35.4m35.4m18.9m22.7m20.4m25.9m42.0m34.6m67.2m

Accounts Receivable

661.4m717.3m664.1m677.5m708.5m632.5m706.4m645.3m618.8m534.6m

Prepaid Expenses

96.4m

Inventories

597.3m581.8m569.5m672.7m704.4m760.7m715.2m743.0m666.5m421.0m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

69.2m33.2m57.6m(192.7m)

Depreciation and Amortization

25.0m37.5m36.6m35.3m

Inventories

28.4m(59.5m)(104.6m)86.2m

Accounts Payable

19.9m44.5m(2.7m)(20.8m)
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q2, 2021

Net Income

4.1m12.1m22.8m14.3m34.3m46.0m11.5m22.9m24.6m(26.0m)

Depreciation and Amortization

8.9m18.8m28.2m9.3m18.2m27.6m9.2m18.9m28.4m17.1m

Inventories

(53.1m)(37.7m)(22.6m)(78.8m)(110.9m)(169.0m)(26.1m)(48.6m)15.7m35.1m

Accounts Payable

7.0m(11.5m)(32.4m)69.1m43.9m25.1m101.5m113.6m62.6m132.1m
USDFY, 2017

Revenue/Employee

1.8m

Debt/Equity

0.1 x

Debt/Assets

0.1 x

Financial Leverage

2.1 x
Show all financial metrics

ScanSource Operating Metrics

ScanSource's Customers was reported to be 38 k in Q3, 2020.
FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Customers

34 k35 k35 k35 k45 k38 k38 k38 k38 k38 k38 k38 k

Products

100 k100 k100 k

Vendors

500500500500500500500500550550550550
Show all operating metrics

ScanSource Acquisitions / Subsidiaries

Company NameDateDeal Size
IntYJuly 01, 2019
Canpango LLCAugust 21, 2018
POS PortalJune 29, 2017$144.9 m
InteliSysAugust 08, 2016$83.6 m
KBZ CommunicationsSeptember 08, 2015
ScanSource Video CommunicationsAugust 21, 2014
Network1August 15, 2014$374 m
Black Arrow CapitalMarch 02, 2000
4100 Quest, LLC
8650 Commerce Drive, LLC
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ScanSource Revenue Breakdown

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ScanSource revenue breakdown by business segment: 33.1% from Worldwide Communications & Services and 66.9% from Worldwide Barcode & Security

ScanSource revenue breakdown by geographic segment: 24.7% from International and 75.3% from North America

ScanSource Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

ScanSource Online and Social Media Presence

Embed Graph

ScanSource Company Culture

  • Overall Culture

    A-

    75/100

  • CEO Rating

    B

    72/100

  • Compensation

    B-

    70/100

Learn more on Comparably

ScanSource News and Updates

Star2Star & ScanSource Announce New Enhanced Partnership

SARASOTA, Fla., Oct. 06, 2020 (GLOBE NEWSWIRE) -- Star2Star, a global leader in cloud-native communications, collaboration, and integration solutions for the enterprise, today announced a wholesale partnership with ScanSource (NASDAQ: SCSC), a leading global provider of technology products and sol…

ScanSource provides upbeat sales outlook, but will cut jobs and close Canpango to reduce expenses

Shares of ScanSource Inc. rallied 2.0% in afternoon trading Thursday, after the provider of barcode, networking, security and business communications services provided an upbeat sales outlook, while also saying it will cut jobs as part of a expense-reduction plan. The company said it expects fiscal…

Scansource to sell off certain businesses outside of the U.S., Canada and Brazil

Scansource Inc. said Tuesday it has started plans to sell certain businesses outside of the U.S., Canada and Brazil, as part of its efforts to align investments with higher growth and margin businesses. The company, provides point-of-sale, data capture and electronic physical security technologies,…

ScanSource Enables Partners to Grow Recurring Revenue with intYs Innovative Cloud Platform, CASCADE

Contact: Melissa Andrews Title: Manager, Worldwide Public Relations Phone: 864.286.4425 Location: Greenville, SC - Worldwide Headquarters Date: Monday, July 01, 2019.read more

Epson and ScanSource Hold "Label Summit" for Customers

LONG BEACH, Calif. and GREENVILLE, S.C., July 1, 2019 /PRNewswire/ -- Epson and ScanSource, a leading global provider of technology products and solutions, recently hosted an Epson ColorWorks® training event for customers in Chicago, Ill. from June 24-25, 2019. The two-day event offered...

ScanSource Blogs

Four Key Takeaways We Learned at RetailNOW 2018

RSPA’s annual conference, RetailNOW, traded the glitz of Vegas for the honkytonks of Nashville and transformed the sprawling Gaylord Opryland Hotel into a mecca for POS resellers, manufacturers, ISVs and everyone in between. From August 5-8, we enjoyed our time in Tennessee hearing POS professionals…

Why the Cloud is Good for Your Business

The cloud is changing the make-up of technology along with the business models of technology providers. Instead of convincing customers to make that big upfront investment, you’re now able to ease into the sale by adopting a monthly recurring revenue (MRR) model. That makes it an easier pill to swal…

Meet two Stars on the ever-changing retail horizon

In the rapidly evolving, mobile point-of-sale (mPOS) and customer-engagement industries, it’s essential that owners of retail establishments stay ahead of the curve. Store patrons now expect a whole lot more from their retail experiences—especially ones taking place in brick-and-mortar stores. It’s …

Sometimes playing it safe is the biggest risk of all

There’s no constant like change—especially where technology is concerned—and the OS LTE migration proves it. So, it’s time for your customers to loosen their firm grasp on their legacy devices, because holding onto these products can hold them back. But, the good news is change doesn’t have to disru…

ScanSource Frequently Asked Questions

  • When was ScanSource founded?

    ScanSource was founded in 1992.

  • Who are ScanSource key executives?

    ScanSource's key executives are Mike Baur, Jeff Nicoll and Peter Browning.

  • How many employees does ScanSource have?

    ScanSource has 2,700 employees.

  • What is ScanSource revenue?

    Latest ScanSource annual revenue is $3 b.

  • What is ScanSource revenue per employee?

    Latest ScanSource revenue per employee is $1.1 m.

  • Who are ScanSource competitors?

    Competitors of ScanSource include Ribbon Communications, Telarus and Anixter.

  • Where is ScanSource headquarters?

    ScanSource headquarters is located at 6 Logue Ct, Greenville.

  • Where are ScanSource offices?

    ScanSource has offices in Greenville, Doral, Lenexa, Louisville and in 31 other locations.

  • How many offices does ScanSource have?

    ScanSource has 37 offices.