{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-000743","form_type":"8-K","ticker":"CNXN","cik":"0001050377","company_name":"PC CONNECTION INC","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.770971+00:00","generated_at":"2026-06-15T19:37:36.136528+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"PC Connection Q1 net sales $727.5M (-7.7% YoY); diluted EPS $0.54 (-34.9%); declares $0.08 dividend","bullets":["Net income $14.2M, down 34.8% YoY; adjusted EPS $0.56, down 31.9%.","Gross margin expanded 53 bps to 16.8%; SG&A rose to 14.2% of sales from 12.5%.","Business Solutions sales fell 14.8% to $273.1M; Public Sector rose 6.0% to $140.5M.","Quarterly dividend $0.08/share payable June 2, 2023 to holders of record May 16, 2023.","Cash $134.8M at quarter end; repurchased 79,197 shares for $3.4M during Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-000743","json":"https://secwatch.observer/filing/0001157523-23-000743.json","markdown":"https://secwatch.observer/filing/0001157523-23-000743.md","text":"https://secwatch.observer/filing/0001157523-23-000743.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/0001157523-23-000743-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/a53394075.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T19:37:36.136528+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6c92728dab6901b539d36994a6a9bda2997f3429","claim":"PC CONNECTION INC reported the quarter ended March 31, 2023 results: revenue $727.5 million, net income $14.2 million, EPS $0.54.","evidence_excerpt":"Net sales: $727.5 million, down 7.7% y/y Gross profit: $122.3 million, down 4.7% y/y Net income: $14.2 million, down 34.8% y/y Diluted EPS: $0.54, down 34.9% y/y Adjusted EPS: $0.56, down 31.9% y/y","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/0001157523-23-000743-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$727.5 million"},{"label":"Net income","value":"$14.2 million"},{"label":"EPS","value":"$0.54"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}