ScanSource Q4 FY16 Financial Results 2016

ScanSource held its Q4 and fiscal year 2016 earnings conference call on August 29, 2016, reporting net sales of $3.5 billion (up 10% year-over-year) driven partly by the KBZ acquisition. Despite the full-year performance, Q4 results disappointed with organic sales declining 6% and gross margins contracting to 9.4%, though the company completed the Intelisys acquisition and authorized a new share repurchase program.