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Sep 30, 2020
PC Connection Q3 2020 Earnings Report
Net sales and net income decreased due to the continuing impact of the COVID-19 pandemic.
Key Takeaways
Connection reported a decrease in net sales by 10.5% to $652.8 million and a decrease in net income by 28.7% to $16.9 million, or $0.64 per diluted share, compared to the prior year quarter.
Net sales decreased by 10.5% to $652.8 million compared to the prior year quarter.
Net income decreased by 28.7% to $16.9 million, or $0.64 per diluted share compared to the prior year quarter.
Business Solutions segment net sales decreased by 15.6% to $231.0 million.
Public Sector Solutions segment net sales decreased by 8.7% to $162.0 million.
Revenue by Segment
Forward Guidance
Company expects continued adjustments and process improvement initiatives related to the new ERP system in the fourth quarter, but at a lower level than experienced in the third quarter of 2020.
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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