secwatch.observer — SEC 8-K summary
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Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001157523-23-001597
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323001597/0001157523-23-001597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000115752323001597/a53728242.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001597

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