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Dec 31, 2019
PC Connection Q4 2019 Earnings Report
Achieved record fourth quarter and full year results with gross profit increasing by 8.7% from prior Q4.
Key Takeaways
Connection (PC Connection, Inc.) reported a 1.0% increase in net sales to $716.6 million for the quarter ended December 31, 2019, compared to $709.5 million for the prior year quarter. Net income increased by 3.1% to $22.0 million, or $0.83 per diluted share, compared to net income of $21.3 million, or $0.80 per diluted share, for the prior year quarter.
Connection achieved record fourth quarter and full year 2019 results.
The company saw strong demand for cloud, hybrid-cloud, software, and security solutions.
The company experienced significant growth in modern workplace solutions driven by the PC refresh.
Connection believes the team and the strategies in place well position them to gain market share and increase long-term shareholder value.
Revenue by Segment
Forward Guidance
Connection believes the team and the strategies they have in place well position them to gain market share and increase long-term shareholder value.
Positive Outlook
- Strong demand for cloud solutions
- Strong demand for hybrid-cloud solutions
- Strong demand for software solutions
- Strong demand for security solutions
- Continued growth in modern workplace solutions driven by the PC refresh
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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