secwatch.observer — SEC 8-K summary
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Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001157523-23-000743
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/0001157523-23-000743-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323000743/a53394075.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000743

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