Trump announces trade deal with EU following months of negotiations
Stephen Jones, the Senior Executive Vice President and Chief Financial Officer of ScanSource , Inc. (NASDAQ:SCSC), a company currently valued at $856 million, recently sold 2,000 shares of the company’s common stock. The sale comes as the stock trades near its 52-week low of $34.49, with InvestingPro analysis indicating the stock may be undervalued. The shares were sold at a price of $36.14 each, amounting to a total transaction value of $72,280. Following this sale, Jones retains ownership of 69,816 shares in the company. This transaction was executed under a pre-established Rule 10b5-1 Sales Plan, which Jones adopted on December 20, 2024. Despite this insider sale, InvestingPro data shows management has been actively buying back shares, with the company maintaining a healthy financial position and trading at an attractive P/E ratio of 14.2x. For deeper insights into insider trading patterns and 12+ additional ProTips, consider exploring the comprehensive ScanSource Pro Research Report.
In other recent news, ScanSource Inc. reported its fiscal second-quarter earnings, which did not meet analyst expectations. The company announced earnings per share (EPS) of $0.85, falling short of the projected $0.8833, and revenue of $747.5 million, which was below the anticipated $866.85 million. This represents a 15.5% year-over-year decline in consolidated net sales. Despite the shortfall, ScanSource reconfirmed its annual guidance, projecting net sales between $3.1 billion and $3.5 billion, and adjusted EBITDA in the range of $140 million to $160 million. The company is optimistic about a demand recovery in the second half of the fiscal year, driven by investments in next-gen technologies and acquisitions.
Additionally, the earnings call revealed the impact of soft demand and delays in large deals on the company’s performance. Analysts from firms such as Sidoti and Northcoast Research inquired about the current demand environment and the company’s strategic responses. ScanSource management highlighted strategic changes, including a new platform called Channel Exchange, to recruit new suppliers and enhance partner engagement. These developments reflect ScanSource’s ongoing efforts to navigate a challenging market environment while maintaining confidence in its future growth potential.
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