Scansource Senior Vice President Ford Brandy sells stock worth $91,106 by Investing.com

Ford (NYSE:) Brandy, Senior Vice President and Chief Accounting Officer at Survey source (NASDAQ:), a company currently valued at $1.14 billion and in strong financial health according to InvestingPro Analysis She recently sold 1,845 shares of the company’s common stock. The shares were sold at an average price of $49.38, for a total of about $91,106. Following this transaction, Brandy retains ownership of 9,506 shares in the company. The sale took place on Dec. 19, 2024, according to its most recent SEC filing. While this insider sale is occurring, InvestingPro The data indicates that management has been active in stock buybacks, with the company maintaining strong liquidity and showing positive momentum with a 27% return over the past year. Get access to 10+ additional ProTips and comprehensive insider trading analysis with InvestingPro.

In other recent news, ScanSource showed strong performance in the first quarter despite a consolidated sales decline of 11.5% year over year. The company saw an increase in earnings per share (EPS) and free cash flow, and reported a net debt to leverage ratio of zero. Notably, ScanSource shareholders approved a comprehensive 2024 incentive compensation plan and re-elected eight members of the Board of Directors. The new incentive plan, which replaces the 2021 plan, allows for different types of awards and is designed to benefit employees, officers, consultants and non-employee directors of the company. In addition to these developments, ScanSource reaffirmed its guidance for fiscal 2025, forecasting net sales of between $3.1 billion and $3.5 billion and adjusted EBITDA of $140 million to $160 million. Despite declining sales, the company was able to increase non-GAAP net income and reduce EPS by 11% and 14%, respectively. However, ScanSource expects weak demand with Intelisys reporting net bookings growth of just 6%. These are some of the latest developments for ScanSource.

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