$SCSC (ScanSource, Inc.)

$SCSC {{ '2016-08-08T17:50:40+0000' | timeago}} • Announcement

Provider of technology solutions $SCSC said that it has announced a definitive agreement to acquire Intelisys Communications, a distributor of business telecommunications & cloud services. As per the deal, the all-cash transaction includes an initial purchase price of approx. $83.6MM, plus earn-out payments based on EBITDA over the next four years.

$SNX {{ '2018-01-10T13:05:40+0000' | timeago}} • Announcement

Business process services company $SNX said its COO Dennis Polk will take up the positions of President and CEO, to succeed Kevin Murai who will be retiring soon. Polk, who joined the company in 2002 as SVP of Corporate Finance, was promoted to the post of COO in 2006. Dwight Steffensen was appointed as Lead Independent Director.

$MSM {{ '2018-01-10T12:40:41+0000' | timeago}} • Announcement

$MSM said its sales target for 2Q18 is between $761MM and $775MM, with average daily sales estimated to grow 9.1% annually. The company expects earnings per share in the range of $1.93 to $2.03 for the second quarter. Adjusted earnings, excluding special items, are forecasted between $1.00 per share and $1.04 per share.

$MSM {{ '2018-01-10T12:34:18+0000' | timeago}} • Announcement

$MSM, a distributor of metalworking and maintenance operations, reported a marked rise in 1Q18 profit on higher sales, helped by productivity growth and inputs from acquisitions. First quarter profit was $60MM or $1.05 per share, up from $54MM or $0.96 per share reported in the same period last year. Total sales moved up 12% to $769MM.

$SNX {{ '2018-01-09T21:52:23+0000' | timeago}} • Announcement

$SNX announced that its BoD declared a quarterly cash dividend of $0.35 per common share, payable on January 31, 2018 to stockholders of record as of January 19, 2018.

$SNX {{ '2018-01-09T21:50:27+0000' | timeago}} • Announcement

For 1Q18, $SNX expects revenue to be $4.35-4.55Bil. Net income is expected to be $64-67.8MM and on an adjusted basis, net income is expected to be $83.2-87MM. Diluted EPS is expected to be $1.58-1.68 and on an adjusted basis, diluted EPS is expected to be $2.06-2.15.

$SNX {{ '2018-01-09T21:42:12+0000' | timeago}} • Announcement

$SNX reported a 6.7% increase in 4Q17 earnings. Net income was $91.1MM or $2.26 per share compared to $85.3MM or $2.13 per share in 4Q16. Adjusted net income was $112.4MM or $2.79 per share in 4Q17. Revenue increased 36.7% to $5.31Bil compared to last year.

$AVT {{ '2018-01-09T18:55:44+0000' | timeago}} • Announcement

$AVT announced the availability of the AT&T IoT Starter Kit (2nd Generation), a new System-on-Module IoT solution that provides a complete development environment for both prototyping and production of sensor-to-cloud applications and services. This kit is fully compliant with FCC, PTCRB, and AT&T network certifications for operations in the US.

$MSM {{ '2018-01-03T14:15:57+0000' | timeago}} • Announcement

$MSM's BoD declared a cash dividend of $0.58 per share, representing a 21% increase from the previous regular quarterly dividend of $0.48 per share. The dividend is payable on Jan. 30, 2018 to shareholders of record at the close of business on Jan. 16, 2018. The ex-dividend date is Jan. 12, 2018.

$ARW {{ '2018-01-02T11:54:55+0000' | timeago}} • Announcement

Electronics company $ARW has signed a definitive agreement to acquire eInfochips, an IT services company headquartered in San Jose, California. The acquisition, an initiative to expand Arrow’s IoT offerings, is expected to close later this month. The company did not disclose financial terms of the transaction.

$AVT {{ '2017-12-28T22:02:15+0000' | timeago}} • Announcement

$AVT announced that Tom Liguori has been named CFO, reporting to CEO Bill Amelio. Liguori comes to $AVT from Advanced Energy Industries, Inc. His start date is January 29, 2018.

$TECD {{ '2017-12-14T13:54:30+0000' | timeago}} • Announcement

$TECD has promoted Anne Devine-Pride to VP of Vendor Marketing, Enterprise Solutions, Americas. She will report to Chuck Bartlett, SVP of Vendor Solutions, Enterprise Solutions, Americas at $TECD.

$TECD {{ '2017-12-13T19:09:30+0000' | timeago}} • Announcement

$TECD announced the appointment of Sergio Farache to SVP, Global Cloud Solutions. Farache will join the Strategy, Transformation and Global Vendor Management organization and report to Michael Urban, Corporate VP.

$TECD {{ '2017-12-13T19:09:15+0000' | timeago}} • Announcement

$TECD has expanded its Datech Solutions and Maverick AV Solutions businesses into all its global markets. Datech Solutions and Maverick AV Solutions will be led by Mike Appel, VP, and Jon Sidwick, VP, respectively. They will report to Michael Urban, Corporate VP, Strategy, Transformation and Global Vendor Management.

$TECD {{ '2017-11-28T17:34:26+0000' | timeago}} • Webcast

$TECD has introduced a new brand identity during 3Q18, highlighting its expanded reach in technology distribution and services. Following the acquisition of $AVT's Technology Solutions, the company will now operate as a unified brand in all markets.

$TECD {{ '2017-11-28T17:29:29+0000' | timeago}} • Webcast

$TECD grouped its offering into two primary solutions portfolios in 3Q18. Endpoint Solutions, previously known as broadline offering includes PC systems, mobile phones and accessories. Advanced Solutions includes primarily data center technologies and next-generation technologies. This will help customers interact with $TECD's broad coverage model.

$TECD {{ '2017-11-27T21:58:44+0000' | timeago}} • Announcement

For 4Q18, $TECD expects its net sales to be in the range of $10.25-10.80Bil. Diluted EPS is anticipated to be about $2.39-2.69 and non-GAAP EPS to be in the range of $3.35-3.65.

$TECD {{ '2017-11-27T21:55:46+0000' | timeago}} • Announcement

$TECD reported a 41% jump in its 3Q18 net sales to $9.1Bil, helped by the addition of the Technology Solutions business acquired from $AVT. Net income during the quarter rose 2% to $37.3MM, compared to $36.5MM in the prior year period. Diluted EPS slipped 6% to $0.97 from $1.03 in 3Q17. Adj. EPS was $2.00, up 39% YoY.

$TECD {{ '2017-11-07T20:26:03+0000' | timeago}} • Announcement

$TECD appointed Carla Maria De Almeida Carvalho as managing director, Brazil. In this role, De Almeida Carvalho will oversee the strategic direction and execution of all sales and marketing functions for Tech Data's operations in Brazil.

$FAST {{ '2017-11-06T13:37:52+0000' | timeago}} • Announcement

$FAST reported net sales of $399.6MM for October 2017, up 19.2% from October 2016. Daily sales came in at $18.1MM, up 13.8% from the prior-year period. The company had 2,420 branch locations as of the end of October 2017.

$TECD {{ '2017-10-16T13:00:46+0000' | timeago}} • Announcement

$TECD announced an agreement with iDevices to distribute its line of Smart Home Technology products to retailers and solution providers. iDevices manufactures a premium line of connected power, lighting and climate control solutions for homeowners, professional installers and builders.

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