---
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"
generated_at: "2026-06-15T19:37:36.136528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PC Connection Q1 net sales $727.5M (-7.7% YoY); diluted EPS $0.54 (-34.9%); declares $0.08 dividend

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000743
- JSON: https://secwatch.observer/filing/0001157523-23-000743.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000743.txt

## Key facts
- Earnings Releases
  PC CONNECTION INC reported the quarter ended March 31, 2023 results: revenue $727.5 million, net income $14.2 million, EPS $0.54.
  - Period: the quarter ended March 31, 2023
  - Revenue: $727.5 million
  - Net income: $14.2 million
  - EPS: $0.54
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/0001157523-23-000743-index.htm

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