What is Scansource's reduction in prior year transition tax?

Scansource (SCSC) reported reduction in prior year transition tax of -$516.25K in Q2 2025.

What does reduction in prior year transition tax mean?

This metric represents adjustments to the effective tax rate resulting from changes or reductions in transition taxes related to prior-year tax legislation. It captures non-recurring tax benefits or adjustments stemming from historical tax reform compliance. Investors track this to isolate the impact of legacy tax obligations on current period earnings.

Scansource SCSC Reduction in prior year transition tax

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Other financials

Income statement

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Revenue$766.8M+8.8%

Gross profit$107.1M+6.9%

Operating income$23.1M+3.5%

Net income$16.9M-3.1%

EPS (diluted)$0.78+5.4%

Balance sheet

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Cash & equivalents$120.3M-17.8%

Total debt$115.5M-26.8%

Total equity$906.3M+0.5%

Total assets$1.8B+4.7%

Cash flow

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Operating cash flow$71.4M+8.0%

CapEx$2.4M+68.9%

Free cash flow$69.0M+6.7%

Valuation

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Market cap$1.01B+12.3%

Enterprise value$1.01B+10.4%

P/E13.8×+0.5×

P/S0.3×0.0×

Profitability

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Gross margin13.7%+0.2pp

Operating margin3%+0.3pp

Net margin2.4%+0.1pp

FCF margin4%-1.4pp

Returns & leverage

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Return on equity8.1%+0.8pp

Debt / equity0.1×0.0×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Scansource in its filing.

Tagged under the XBRL concept scsc:EffectiveIncomeTaxRateReconciliationReductionInPriorYearTransitionTaxAmount.

The official record: Scansource’s 10-K, filed August 21, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Scansource's reduction in prior year transition tax?: Scansource (SCSC) reported reduction in prior year transition tax of -$516.25K in Q2 2025.
What does reduction in prior year transition tax mean?: This metric represents adjustments to the effective tax rate resulting from changes or reductions in transition taxes related to prior-year tax legislation. It captures non-recurring tax benefits or adjustments stemming from historical tax reform compliance. Investors track this to isolate the impact of legacy tax obligations on current period earnings.