Ford (NYSE:) Brandy, the Senior Vice President and Chief Accounting Officer of ScanSource Inc. (NASDAQ: ), a company currently valued at $1.14 billion with strong financial health according to InvestingPro analysis, recently sold 1,845 shares of the company’s common stock. The shares were traded at an average price of $49.38, amounting to approximately $91,106. Following this transaction, Brandy continues to own 9,506 shares of the company. The sale was executed on December 19, 2024, according to the most recent SEC filing. While this insider sale was taking place, InvestingPro The data shows that management is actively buying back shares, with the company maintaining strong liquidity and showing positive momentum with a 27% return over the past year. Access 10+ additional ProTips and comprehensive insider trading reviews with InvestingPro.

In other recent news, ScanSource posted a strong first quarter performance despite an 11.5% decline in consolidated sales year-over-year. The company saw an increase in both earnings per share (EPS) and free cash flow, and reported a net debt leverage ratio of zero. Specifically, ScanSource shareholders approved the 2024 Omnibus Incentive Compensation Plan and re-elected eight directors to the board. The new incentive plan, which replaces the 2021 plan, allows for different award types and is designed to benefit the company’s employees, officers, consultants, and non-employee directors. In addition to these improvements, ScanSource also reaffirmed its fiscal year 2025 guidance, expecting net sales between $3.1 billion and $3.5 billion, and an adjusted EBITDA between $140 million to $160 million. Despite the decline in sales, the company was able to increase non-GAAP net income and diluted EPS by 11% and 14% respectively. However, ScanSource expects a slower demand with Intelisys reporting only 6% growth in net bookings. These are some of the new developments for ScanSource.

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