earnings
confidence high
sentiment positive
materiality 0.70
PC Connection Q3 net sales +4.6% to $724.7M; diluted EPS $1.02; declares $0.10 quarterly dividend
PC CONNECTION INC
2024-Q3 EPS reported
$2.50
revenue$2,093,221,000
- Net income rose 5.7% to $27.1M; diluted EPS of $1.02 vs $0.97 YoY; adjusted diluted EPS flat at $0.97.
- Public Sector sales surged 18.7% to $175.1M; Business Solutions fell 6.1%; Enterprise Solutions rose 7.4%.
- Notebook/mobility sales up 17% YoY; networking dropped 32%; servers/storage down 13%.
- SG&A increased to $105.4M on investments; interest income $4.9M; $1.7M legal settlement in other income.
- Dividend of $0.10/share payable Nov 29 to holders of record Nov 12; repurchased 59,192 shares for $3.9M in Q3.