secwatch.observer — SEC 8-K summary
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Issuer:     PC CONNECTION INC (CNXN)
CIK:        0001050377
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001558370-24-010475
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1050377/000155837024010475/0001558370-24-010475-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1050377/000155837024010475/cnxn-20240731x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010475

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer