ScanSource, Inc. (NASDAQ:SCSC) Q3 2023 Earnings Conference Call May 9, 2023 10:30 AM ET

Company Participants

Mary Gentry - Senior Vice President of Investor Relations, and Treasurer

Michael Baur - Chairman, and Chief Executive Officer

Stephen Jones - Chief Financial Officer

Conference Call Participants

Adam Tyler Tindle - Raymond James

Gregory John Burns - Sidoti & Company

Jake Norrison - Raymond James

Keith Michael Housum - Northcoast Research Partners

Matthew Sheerin - Stifel Nicolaus

Operator

Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session. Today's call is being recorded. If anyone has any objection, you may disconnect at this time.

I would now like to turn the call over to Mary Gentry, Senior Vice President, Treasurer and Investor Relations. Ma'am, you may begin.

Mary Gentry

Good morning, and thank you for joining us. Joining me on the call today are Mike Baur, our Chairman and CEO; and Steve Jones, our Chief Financial Officer. John Eldh, our President, is under the weather and not able to join us today. We will review our operating results for the quarter and then take your questions. We posted an earnings infographic that accompanies our comments and webcast in the Investor Relations section of our Web site.

Let me remind you that certain statements in our press release, in the earnings infographic, and on this call are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from such statements. These risks and uncertainties include, but are not limited to, those factors identified in the earnings release we put out today and in ScanSource's Form 10-K for the year ended June 30, 2022, as filed with the SEC. Any forward-looking statements represent our views only as of today and should not be relied upon as representing our views as of any subsequent date.

ScanSource disclaims any duty to update any forward-looking statements to reflect actual results or changes in expectations, except as required by law. During our call, we will discuss both GAAP and non-GAAP results and have provided reconciliations between these amounts in the earnings infographics and in our press release. These reconciliations can be found on our Web site and have been filed with our Form 8-K today.

I'll now turn the call over to Mike.

Michael Baur

Thanks, Mary, and thanks everyone for joining us today. Throughout fiscal year '23, our team has delivered results ahead of expectations, and Q3 is no exception. This quarter, we delivered 5% net sales growth, strong gross and adjusted EBITDA margins, and positive operating cash flow.