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Mar 31, 2020
PC Connection Q1 2020 Earnings Report
Reported record Q1 revenue, gross profit, gross margin, net income, and earnings per share.
Key Takeaways
Connection reported a strong first quarter with a 12.5% increase in net sales and a 17.0% increase in net income compared to the prior year quarter. The company achieved record Q1 revenue, gross profit, gross margin, net income, and earnings per share.
Net sales increased by 12.5% year-over-year to $711.9 million.
Net income increased by 17.0% year-over-year to $14.9 million, or $0.56 per diluted share.
Gross profit increased by 13.9% year-over-year to $113.1 million.
The Global pandemic generated increased demand for products and services.
Revenue by Segment
Forward Guidance
The company noted that the pandemic has created a period of uncertainty as to the near-term demand for their products and services.
Positive Outlook
- The Global pandemic, and the responses to it, such as work-from-home initiatives and increased demand for health care resources, generated increased demand for our products and services in Q1.
Challenges Ahead
- The pandemic has also created a period of uncertainty as to the near-term demand for our products and services.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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