ScanSource Names Gerald Lyons Interim CFO - Quick Facts

(RTTNews) - ScanSource, Inc. (SCSC), a global provider of technology products and solutions, announced Charles Mathis, CFO, advised the company of his intent to resign effective November 11, 2016. Effective November 11, 2016, Gerald Lyons will serve as the company's interim chief financial officer. Lyons had been serving as senior vice president, corporate controller and principal accounting officer.

For the first quarter of fiscal year 2017, the company reported, on a GAAP basis, net income of $14.8 million, or $0.58 per share, compared with net income of $16.0 million, or $0.57 per share, for the prior year quarter. Non-GAAP net income for the first quarter totaled to $17.5 million, or $0.68 per share.

For the second quarter of fiscal year 2017, ScanSource expects net sales to range from $930 million to $980 million, earnings per share to range from $0.47 to $0.53 per share, and non-GAAP earnings per share to range from $0.67 to $0.73 per share. Analysts polled by Thomson Reuters expect the company to report profit per share of $0.84 on revenue of $961.9 million. Analysts' estimates typically exclude special items.