Adjusted EBITDA for the second quarter of fiscal year 2024 decreased 21.2% to $38.5 million, or 4.35% of net sales, compared to $48.8 million, or 4.83% of net sales, for the prior-year quarter.
ScanSource generated $156.8 million of operating cash flow and $151.9 million of free cash flow in the first six months of fiscal year 2024.
Updated Annual Financial Outlook for Fiscal Year 2024
ScanSource updates its expectations for net sales and adjusted EBITDA for the full fiscal year ending June 30, 2024 and replaces previously provided guidance:
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FY24 Annual Outlook |
Prior FY24 Annual Outlook |
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Net sales |
At least $3.5 billion vs. $3.74B consensus |
At least $3.8 billion |
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Adjusted EBITDA (Non-GAAP) |
At least $155 million |
At least $170 million |
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Free cash flow |
At least $200 million |
At least $200 million |