ScanSource, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported net sales of $682,965,000 compared to $707,883,000 a year ago. Operating income was $20,795,000 compared to $21,485,000 a year ago. Income before income taxes was $21,180,000 compared to $21,805,000 a year ago. Net income was $13,978,000 or $0.50 basic and diluted per share compared to $14,756,000 or $0.53 diluted per share a year ago. Return on invested capital (ROIC), annualized was 13.3% compared to 13.5% a year ago. EBITDA (numerator for ROIC) was $23,556,000 compared to $24,813,000 a year ago. The company spent $1.3 million on capital expenditures during the quarter, primarily on the investment in the new ERP system. For the nine months period, the company reported net sales of $2,164,286,000 compared to $2,260,827,000 a year ago. Operating income was $71,435,000 compared to $85,200,000 a year ago. Income before income taxes was $72,693,000 compared to $82,580,000 a year ago. Net income was $47,977,000 or $1.72 diluted per share compared to $54,503,000 or $1.97 diluted per share a year ago. Through March 31, 2013, the company has spent or accrued approximately $41.4 million on the new ERP system, of which $28.6 million has been in the form of capital expenditures. The company held $5.4 million of interest-bearing debt at March 31, 2013. The company announced its current expectations for the fourth quarter of fiscal 2013. The company expects that net sales for the quarter ending June 30, 2013 could range from $715 million to $735 million, and diluted earnings per share could be in the range of $0.58 to $0.60 per share.

ScanSource, Inc. Presents at Global Technology Distribution Council Investor Relations Conference, May-02-2013 09:25 AM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, NY 10019, New York, United States. Speakers: Mike Burns, President of Scansource Services Group.

ScanSource, Inc. announced that they will report Q3, 2013 results at 4:00 PM, US Eastern Standard Time on Apr 25, 2013