---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-001597"
form_type: "8-K"
ticker: "CNXN"
cik: "0001050377"
company_name: "PC CONNECTION INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T01:56:30.498705+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Connection reports record Q3 net income of $25.6M; EPS up 10.4% to $0.97; declares $0.08 dividend

## Summary
- Net sales $693.1M, down 10.6% YoY; gross margin expanded 142 bps to record 19.0%.
- Net income $25.6M (+10.3% YoY); diluted EPS $0.97 (+10.4% YoY); adjusted EPS also $0.97.
- Business Solutions segment net sales fell 14.8% to $269.0M; gross margin up 326 bps to 23.3%.
- Networking sales surged 48% YoY; notebook/mobility down 20%.
- Board declared Q4 cash dividend of $0.08/share, payable Dec 1, 2023 to holders of record Nov 14, 2023.

## SEC filing metadata
- accession: 0001157523-23-001597
- form_type: 8-K
- ticker: CNXN
- cik: 0001050377
- company_name: PC CONNECTION INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1050377/000115752323001597/0001157523-23-001597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050377/000115752323001597/a53728242.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001597
- JSON: https://secwatch.observer/filing/0001157523-23-001597.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001597.txt

## Key facts
- Earnings Releases
  PC CONNECTION INC reported quarter ended September 30, 2023 results: revenue $693.1 million, net income $25.6 million, EPS $0.97.
  - Period: quarter ended September 30, 2023
  - Revenue: $693.1 million
  - Net income: $25.6 million
  - EPS: $0.97
  - Result: reported results
  source text: EXHIBIT 99.1 Exhibit 99.1 Connection (CNXN) Reports Third Quarter 2023 Results Record Quarter for Net Income and Earnings per Share THIRD QUARTER SUMMARY : Net sales: $693.1 million, down 10.6% y/y Gross profit: $131.9 million, down 3.5% y/y Net income: $25.6 million, up 10.3% y/y Diluted EPS: $0.97, up 10.4% y/y MERRIMACK, N.H.--(BUSINESS WIRE)--November 1,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050377/000115752323001597/0001157523-23-001597-index.htm

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