PC Connection Q2 net sales down 11.5% YoY, EPS $0.75 vs $0.96

PC CONNECTION INC

2023-Q2 EPS reported $1.28 revenue$1,461,092,000

Net sales $733.5M (-11.5% YoY); net income $19.7M (-22.4%); diluted EPS $0.75 (-22.3%).
Gross margin expanded 90 bps to 17.4%; adjusted EPS $0.80 (-17.2%) from $0.96.
Public Sector Solutions sales rose 22.6% to record $185.4M; Business (-20.5%) and Enterprise (-17.7%) declined.
Quarterly dividend $0.08/share declared, payable Sep 1, 2023 to holders of record Aug 15, 2023.
Record Q2 cash flow from operations $116M; repurchased 49,538 shares for $2.0M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

PC CONNECTION INC reported quarter ended June 30, 2023 results: revenue $733.5 million, net income $19.7 million, EPS $0.75.

Period: quarter ended June 30, 2023
Revenue: $733.5 million
Net income: $19.7 million
EPS: $0.75
Result: reported results

Exact text from the filing

Net sales: $733.5 million, down 11.5% y/y Gross profit: $127.8 million, down 6.7% y/y Net income: $19.7 million, down 22.4% y/y Diluted EPS: $0.75, down 22.3% y/y

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Source: SEC EDGAR

accession 0001157523-23-001226

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