secwatch.observer — SEC 8-K summary
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Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001157523-23-001226
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323001226/0001157523-23-001226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323001226/a53503463.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001226

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