secwatch.observer — SEC 8-K summary
======================================

Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0001157523-23-000232
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/0001157523-23-000232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323000232/a53313982.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000232

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer