---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000232"
form_type: "8-K"
ticker: "CNXN"
cik: "0001050377"
company_name: "PC CONNECTION INC"
filed_at: "2023-02-09T23:59:59+00:00"
generated_at: "2026-06-19T19:08:11.697458+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PC Connection Q4 net sales down 8.5% YoY; FY 2022 record EPS $3.37, up 27%

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-000232
- form_type: 8-K
- ticker: CNXN
- cik: 0001050377
- company_name: PC CONNECTION INC
- filed_at: 2023-02-09T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/0001157523-23-000232-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/a53313982.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000232
- JSON: https://secwatch.observer/filing/0001157523-23-000232.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000232.txt

## Key facts
- Earnings Releases
  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
  source text: : 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/0001157523-23-000232-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/0001157523-23-000232-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.