PC Connection posts record Q2 net income of $26.2M, EPS $0.99, up 32.8%

PC CONNECTION INC

2024-Q2 EPS reported $1.48 revenue$1,368,504,000

Net sales $736.5M (+0.4% y/y); gross margin expanded 112 bps to 18.5%.
Diluted EPS $0.99 vs $0.75; adjusted EPS $1.00 vs $0.80.
Business Solutions sales +6.6% to $278.2M; Public Sector -14% to $159.5M; Enterprise +4.1% to $298.8M.
Board declared $0.10/share dividend, payable Aug 30 to holders of record Aug 13.
Repurchased 56,716 shares for $3.6M in Q2; cash & short-term investments $385.8M.

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