---
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"
generated_at: "2026-06-03T01:49:46.865318+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Q1 net sales down 13.1% YoY to $632M; diluted EPS $0.50 vs $0.54

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006381
- JSON: https://secwatch.observer/filing/0001558370-24-006381.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006381.txt

## Key facts
- Earnings Releases
  PC CONNECTION INC reported the quarter ended March 31, 2024 results: revenue $632.0 million, net income $13.2 million, EPS $0.50.
  - Period: the quarter ended March 31, 2024
  - Revenue: $632.0 million
  - Net income: $13.2 million
  - EPS: $0.50
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1050377/000155837024006381/0001558370-24-006381-index.htm

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