ScanSource, Inc. (NASDAQ:SCSC) Q4 2024 Earnings Conference Call August 27, 2024 10:30 AM ET

Company Participants

Mary Gentry - SVP, Treasurer & IR
Mike Baur - Chair & CEO
Steve Jones - Senior Executive Vice President, CFO

Conference Call Participants

Adam Tindle - Raymond James
Greg Burns - Sidoti
Keith Housum - Northcoast Research
Matthew Harrigan - The Benchmark Company

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 objections, you may disconnect at this time.

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

Mary Gentry

Good morning, and thank you for joining us. Our call will include prepared remarks from Mike Baur, our Chair and CEO; and Steve Jones, our Chief Financial Officer. We will review our operating results for the quarter and the year and then take your questions. We posted an earnings infographic that accompanies our comments and webcasts in the Investor Relations section of our website.

As you know, certain statements in our press release, infographic, and on this call are forward-looking statements and subject to risks and uncertainties that could cause actual results to differ materially from expectations. These risks and uncertainties include the factors identified in our earnings release and in our Form 10-K for the year ended June 30, 2024.

Forward-looking statements represent our views only as of today and ScanSource disclaims any duty to update these statements except as required by law. During our call, we will discuss both GAAP and non-GAAP results and have provided reconciliations on our website and in our Form 8-K.

I'll now turn the call over to Mike.

Mike Baur

Thanks, Mary, and thanks everyone for joining us today. As we start our new fiscal year, we are seeing accelerated adoption of our hybrid distribution strategy, which we believe will drive more demand.

Last week, we hosted 800 attendees at our Partner First conference, where we challenged our sales partners to get out of their comfort zones and embrace new opportunities for growth. Our hybrid distribution strategy enables our sales partners to sell more of the technology stack to meet end-user customers' IT requirements. As our channel partners expand their technology stack offerings, ScanSource expands our total addressable market.

In July, Ken Mills joined us as President of Intelisys with a background most recently as CEO of EPIC iO, a supplier to all the TSDs in the channel, where he led a private equity funded company through four years of double-digit growth. Ken has many years of channel experience dealing with agents, VARs, MSPs, OEMs and end-user customers, when he worked previously at Cisco and EMC Dell.