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Jun 30, 2020
PC Connection Q2 2020 Earnings Report
Revenue and net income decreased due to the impact of the COVID-19 pandemic and the deployment of a new ERP system.
Key Takeaways
Connection's Q2 2020 results were adversely affected by the COVID-19 pandemic and the deployment of a new ERP system, leading to a decrease in revenue and net income. Net sales decreased by 25.8% to $550.0 million, and net income decreased by 67.7% to $7.6 million, or $0.29 per diluted share.
Net sales decreased by 25.8% to $550.0 million compared to the prior year quarter.
Net income decreased by 67.7% to $7.6 million, or $0.29 per diluted share, compared to the prior year quarter.
The deployment of a new ERP system adversely affected the second quarter results.
Healthcare vertical market saw strong demand for telemedicine and remote access solutions.
Revenue by Segment
Forward Guidance
The reality of a post-COVID-19 world is still unclear, but we believe Connection is exceptionally well positioned to continue to assist our customers in adopting the technologies they need to drive business continuity, strengthen security, reimagine the workplace, and transform their businesses to meet the challenges of the future.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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