---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001226"
form_type: "8-K"
ticker: "CNXN"
cik: "0001050377"
company_name: "PC CONNECTION INC"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T11:11:06.606845+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001157523-23-001226
- form_type: 8-K
- ticker: CNXN
- cik: 0001050377
- company_name: PC CONNECTION INC
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050377/000115752323001226/0001157523-23-001226-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050377/000115752323001226/a53503463.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001226
- JSON: https://secwatch.observer/filing/0001157523-23-001226.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001226.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050377/000115752323001226/0001157523-23-001226-index.htm

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