Business and Finance
Source : (remove) : CRN
RSS • JSON • XML • CSV
Business and Finance
Source : (remove) : CRN
RSS • JSON • XML • CSV
Sun, May 11, 2025
[ Sun, May 11th 2025 ]: CRN
ScanSource Unveils Business Development Team To Recruit New Suppliers
Fri, February 7, 2025
[ Fri, Feb 07th 2025 ]: CRN
30 Notable IT Executive Moves: January 2025

ScanSource Unveils Business Development Team To Recruit New Suppliers

ScanSource is passing any vendor price increases caused by the Trump administration tariffs to its partners, letting it maintain its margins.
ScanSource Inc. reported a decline in third-quarter fiscal 2025 net sales to $753.1 million, a 10.5% decrease from the previous year's $841.1 million, primarily due to a strategic decision to net down revenue rather than the impact of tariffs. Despite the revenue drop, the company's gross profit margin improved to 12.2% from 11.7%, and net income rose to $17.4 million, or 70 cents per share, compared to $16.5 million, or 66 cents per share, in the prior year. CEO Mike Baur highlighted that the company's focus on higher-margin products and services, along with cost management, contributed to the improved profitability. ScanSource also noted that while tariffs did not significantly affect their financials, they continue to monitor the situation closely.

Read the Full CRN Article at:
[ https://www.crn.com/news/channel-news/2025/scansource3q25-impacted-from-netting-down-revenue-but-not-from-tariffs ]