PC Connection Q4 EPS up 26.3% to $0.90; revenue down 4.9%; raises dividend 25% to $0.10

PC CONNECTION INC

2023-FY EPS reported $3.15 revenue$2,850,644,000

Q4 net sales $696.5M (-4.9% y/y); net income $23.8M (+26.3%); diluted EPS $0.90 (+26.3%).
Full year net sales $2.9B (-8.8% y/y); net income $83.3M (-6.7%); diluted EPS $3.15 (-6.6%).
Board increased quarterly dividend 25% to $0.10/share; payable March 15, 2024 to holders of record Feb 27.
Business Solutions sales -2.9%; Public Sector -14.2% (federal -33.3%); Enterprise -3.3%.
Software sales up 42% y/y; networking up 36%; notebook/mobility down 17%.

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 0.9

PC CONNECTION INC reported the quarter and year ended December 31, 2023 results: revenue Net sales: $696.5 million (Q4); Net sales: $2.9 billion (full year), net income Net income: $23.8 million (Q4); Net income: $83.3 million (full year), EPS Diluted EPS: $0.90 (Q4); Diluted EPS: $3.15 (full year).

Period: the quarter and year ended December 31, 2023
Revenue: Net sales: $696.5 million (Q4); Net sales: $2.9 billion (full year)
Net income: Net income: $23.8 million (Q4); Net income: $83.3 million (full year)
EPS: Diluted EPS: $0.90 (Q4); Diluted EPS: $3.15 (full year)
Result: reported results

Exact text from the filing

Year 2023 Results MERRIMACK, N.H.--(BUSINESS WIRE)--February 14, 2024--Connection (PC Connection, Inc.; NASDAQ: CNXN): FOURTH QUARTER SUMMARY : FULL YEAR SUMMARY : Net sales: $696.5 million, down 4.9% y/y Gross profit: $129.8 million, up 4.4% y/y Net income: $23.8 million, up 26.3% y/y Diluted EPS: $0.90, up 26.3% y/y Net sales: $2.9 billion, down 8.8% y/y Gross

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Source: SEC EDGAR

accession 0001157523-24-000244

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