PC Connection Q3 EPS $0.88, net income +15.8%; gross margin record 17.6%

PC CONNECTION INC

2022-Q3 EPS reported $2.66 revenue$2,392,545,000

Diluted EPS $0.88, up 15.4% YoY; net income $23.2M (+15.8%).
Gross profit $136.6M (+13.2%); gross margin expanded 155 bps to record 17.6%.
Net sales $775.7M (+3.2%); software sales up 41% YoY, notebook/mobility down 9%.
Business Solutions net sales +12.2% to $315.8M; Public Sector -3.7%; Enterprise -1.4%.
Adjusted EBITDA for TTM $145.5M, up 42% from $102.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PC CONNECTION INC reported the quarter ended September 30, 2022 results: revenue $775.7 million, net income $23.2 million, EPS $0.88 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $775.7 million
Net income: $23.2 million
EPS: $0.88 per diluted share
Result: reported results

Exact text from the filing

--- EX-99.1 2 a52960396ex99_1.htm EXHIBIT 99.1 Exhibit 99.1 Connection (CNXN) Reports Third Quarter 2022 Results Gross Profit Grows 13.2% THIRD QUARTER HIGHLIGHTS : Net sales: $775.7 million, up 3.2% y/y Gross profit: $136.6 million, up 13.2% y/y Net income: $23.2 million, up 15.8% y/y Diluted EPS: $0.88, up 15.4% y/y MERRIMACK, N.H.--(BUSINESS WIRE)--November 3,

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PC CONNECTION INC filing history →

Source: SEC EDGAR

accession 0001157523-22-001520

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