ScanSource reported strong fiscal fourth-quarter results and announced a definitive agreement to acquire MicroAge, a move that expands its total addressable market and adds services capabilities in cloud, cybersecurity, data center, and AI. For the quarter, net sales rose 17% year over year, with non-GAAP EPS up 43% to $1.46 per share, a record. Full-year net sales grew 6%, with recurring revenues up 10.6% and consolidated gross profit up 7%. The company generated $114 million in free cash flow and repurchased $98 million in shares during the year. For fiscal 2027, excluding the MicroAge acquisition, ScanSource expects organic revenue growth of 6% to 10%, adjusted EBITDA between $158 million and $165 million, and free cash flow of at least $85 million. The acquisition is expected to close by the end of the first quarter, with more details to be provided on the next earnings call.
ScanSource IncQ4 earnings beat and acquisition of MicroAge expand TAM and services capabilities.
Acquired by ScanSource, providing value to MicroAge shareholders.
