PC Connection guides Q1 net sales down 7-9%, EPS $0.53-$0.55

PC CONNECTION INC

2023-Q1 EPS reported $0.54 revenue$727,545,000

Q1 net sales expected 7-9% lower YoY due to cautious IT spending and lower endpoint device sales.
Diluted EPS guidance range $0.53-$0.55 for Q1 2023.
CEO Tim McGrath: growth in software, security, networking not enough to offset contraction.
CFO Tom Baker: additional cost reduction measures to lower operating expenses in 2023.
Company has not completed financial close; full results conference call May 4 at 4:30pm EDT.

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 March 31, 2023 results: EPS between $0.53 and $0.55.

Period: the quarter ended March 31, 2023
EPS: between $0.53 and $0.55
Result: preliminary results

Exact text from the filing

We anticipate our Q1 diluted earnings per share to be between $0.53 and $0.55.

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Source: SEC EDGAR

accession 0001157523-23-000589

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