Loading...
•
Jun 30, 2023
PC Connection Q2 2023 Earnings Report
Achieved record second quarter margin performance amidst challenging industry demand.
Key Takeaways
Connection reported a decrease in net sales by 11.5% year-over-year, but gross margin expanded by 90 basis points to 17.4%. Net income decreased by 22.4% to $19.7 million, with diluted EPS down 22.3% to $0.75 and adjusted EPS down 17.2% to $0.80.
Net sales decreased by 11.5% year-over-year to $733.5 million.
Gross margin increased by 90 basis points to 17.4%.
Net income decreased by 22.4% to $19.7 million.
Diluted EPS decreased by 22.3% to $0.75, and adjusted EPS decreased by 17.2% to $0.80.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the press release.
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
Loading earnings performance data...
Loading earnings reaction data...