{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-006381","form_type":"8-K","ticker":"CNXN","cik":"0001050377","company_name":"PC CONNECTION INC","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.042955+00:00","generated_at":"2026-06-03T01:49:46.865318+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Q1 net sales down 13.1% YoY to $632M; diluted EPS $0.50 vs $0.54","bullets":["Net sales $632.0M (-13.1% YoY); net income $13.2M (-7.4%); diluted EPS $0.50.","Gross margin expanded 187 bps to 18.7% driven by shift to cloud/security net revenue recognition.","Public Sector segment sales fell 33.4% due to large federal projects in prior year not repeating.","Board declared $0.10/share quarterly dividend, payable May 29 to holders of record May 14.","Board approved $40M increase to share repurchase program; $72.1M remaining authorized."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-006381","json":"https://secwatch.observer/filing/0001558370-24-006381.json","markdown":"https://secwatch.observer/filing/0001558370-24-006381.md","text":"https://secwatch.observer/filing/0001558370-24-006381.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050377/000155837024006381/0001558370-24-006381-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050377/000155837024006381/cnxn-20240501x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T01:49:46.865318+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"82a6de7a6007823ab50d61f3b05040907497d17c","claim":"PC CONNECTION INC reported the quarter ended March 31, 2024 results: revenue $632.0 million, net income $13.2 million, EPS $0.50.","evidence_excerpt":"● Net sales: $632.0 million, decrease of 13.1% y/y ● Gross profit: $118.1 million, down 3.5% y/y ● Gross margin: 18.7%, up 187 basis points y/y ● Net income: $13.2 million, decrease of 7.4% y/y ● Diluted EPS: $0.50, compared to $0.54","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1050377/000155837024006381/0001558370-24-006381-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Revenue","value":"$632.0 million"},{"label":"Net income","value":"$13.2 million"},{"label":"EPS","value":"$0.50"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}