ScanSource (SCSC) Stock Jumps 19% on Earnings Beat and MicroAge Acquisition
TLDR
- ScanSource reported Q4 adjusted EPS of $1.46, beating the $1.14 estimate by $0.32
- Revenue came in at $953.1 million, well above the $821.95 million estimate, up 17% year-over-year
- The company announced a $220.5 million cash deal to acquire MicroAge
- SCSC stock surged 19% in premarket trading Thursday
- For fiscal 2027, ScanSource guided for net sales growth of 6% to 10%, excluding the MicroAge deal
ScanSource (SCSC) jumped roughly 19% in premarket trading Thursday after the technology distributor posted a strong Q4 earnings beat and announced a $220.5 million acquisition of IT solutions integrator MicroAge.
Adjusted EPS came in at $1.46 for the quarter, clearing the $1.14 consensus by $0.32. Revenue hit $953.1 million, well ahead of the $821.95 million estimate and up 17% from $812.9 million in the same quarter last year.
The quarter was powered by hardware demand. The Specialty Technology Solutions segment posted net sales of $927.2 million, up 17.6% year-over-year, driven by broad-based growth in North America.
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