8-K
filed February 9, 2023, 6:59 PM ET
ticker CNXN
CIK 0001050377
earnings
confidence high
sentiment neutral
materiality 0.70
PC Connection Q4 net sales down 8.5% YoY; FY 2022 record EPS $3.37, up 27%
PC CONNECTION INC
2022-FY EPS reported
$3.37
revenue$3,124,996,000
- Q4 net sales $732.5M (-8.5% YoY); net income $18.8M (-15.9%); diluted EPS $0.71 (-16.2%).
- FY 2022 net sales $3.1B (+8.0%); net income $89.2M (+27.6%); diluted EPS $3.37 (+27.2%).
- Gross margin expanded 110 bps to 17.0% in Q4; FY 2022 Adjusted EBITDA $139.3M (+23%).
- Board declared $0.08 quarterly dividend, payable March 10, 2023 to holders of record Feb 21, 2023.
- Business Solutions segment gross profit up 3.6% despite sales decline; federal sales up 46% in Public Sector.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
PC CONNECTION INC reported the year ended December 31, 2022 results: revenue $3.1 billion, net income $89.2 million, EPS $3.37 per diluted share.
- Period
- the year ended December 31, 2022
- Revenue
- $3.1 billion
- Net income
- $89.2 million
- EPS
- $3.37 per diluted share
- Result
- reported results
Exact text from the filing
: Net sales: $732.5 million, down 8.5% y/y Gross profit: $124.3 million, down 2.1% y/y Net income: $18.8 million, down 15.9% y/y Diluted EPS: $0.71, down 16.2% y/y Net sales: $3.1 billion, up 8.0% y/y Gross profit: $526.2 million, up 13.3% y/y Net income: $89.2 million, up 27.6% y/y Diluted EPS: $3.37, up 27.2% y/y Connection (PC Connection, Inc.; NASDAQ: CNXN), a
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
PC CONNECTION INC reported the quarter ended December 31, 2022 results: revenue $732.5 million, net income $18.8 million, EPS $0.71 per diluted share.
- Period
- the quarter ended December 31, 2022
- Revenue
- $732.5 million
- Net income
- $18.8 million
- EPS
- $0.71 per diluted share
- Result
- reported results
Exact text from the filing
Year 2022 Results MERRIMACK, N.H.--(BUSINESS WIRE)--February 9, 2023--Connection (PC Connection, Inc.; NASDAQ: CNXN): FOURTH QUARTER SUMMARY : FULL YEAR SUMMARY : Net sales: $732.5 million, down 8.5% y/y Gross profit: $124.3 million, down 2.1% y/y Net income: $18.8 million, down 15.9% y/y Diluted EPS: $0.71, down 16.2% y/y Net sales: $3.1 billion, up 8.0% y/y Gross
View on SEC.gov
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