ScanSource (SCSC) to Reduces Expenses by $30M, Sees Q4 Revs Above Views

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Go back to ScanSource (SCSC) to Reduces Expenses by $30M, Sees Q4 Revs Above Views

ScanSource Initiates $30 Million Expense Reduction Plan

July 23, 2020 1:00 PM EDT

Reports preliminary fourth quarter fiscal year 2020 net sales Hosts investor conference call today, 7/23/20, at 5:00 pm ET

GREENVILLE, S.C.--(BUSINESS WIRE)-- ScanSource, Inc. (Nasdaq: SCSC), a leading provider of technology products and solutions, today announced actions to address the business impacts of the COVID-19 pandemic and prepare for the next phase of growth.

These actions include a $30 million expense reduction plan designed to better align the cost structure for its wholesale distribution business with lower sales volumes as a result of the... More