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Sep 30, 2022
PC Connection Q3 2022 Earnings Report
Revenue and gross profit increased, driven by a shift in customer priorities towards datacenter modernization, cloud solutions, security, and software.
Key Takeaways
Connection reported a strong third quarter with a 3.2% increase in net sales and a 13.2% increase in gross profit compared to the prior year. The company's gross margin expanded to a record 17.6%, and net income rose by 15.8%.
Net sales increased by 3.2% year-over-year, reaching $775.7 million.
Gross profit grew by 13.2% year-over-year, driven by a shift in product mix.
Net income increased by 15.8% year-over-year, amounting to $23.2 million.
Diluted EPS increased by 15.4% year-over-year, reaching $0.88.
Revenue by Segment
Forward Guidance
Company believes team and strategies in place well position Connection to gain market share and increase long-term shareholder value.
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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