For the quarter ended March 31, 2001, sales increased 29% to $155.2 million, compared to $120.4 million for the same quarter in 2000. Operating income increased 43% to $7.6 million for the quarter ended March 31, 2001 from $5.3 million for the comparable quarter in 2000. Net income for the quarter ended March 31, 2001 rose 35% to a record level of $4.2 million compared to $3.1 million last year. Diluted earnings per share were 35% higher at $0.69 per share compared to $–0.51 per share for last year.
In December with the weakening economy, we told investors that March sales growth would be lower, but we felt we could achieve our EPS goals, said Mike Baur, President and CEO of ScanSource. We were pleased to be able to do that and were pleasantly surprised that revenues came in as strong as they did.
SOURCE: COMPANY PRESS RELEASE
