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Dec 31, 2023
PC Connection Q4 2023 Earnings Report
PC Connection's Q4 2023 earnings were reported, revealing a mix of growth and challenges. Net income and EPS increased year-over-year, while net sales decreased. The company increased its quarterly dividend by 25%.
Key Takeaways
Connection (PC Connection, Inc.) reported a 4.9% decrease in net sales but a 26.3% increase in net income for Q4 2023. Diluted EPS also increased by 26.3%. The company's board of directors increased the quarterly dividend by 25%.
Net sales decreased by 4.9% year-over-year to $696.5 million.
Gross profit increased by 4.4% year-over-year to $129.8 million.
Net income increased by 26.3% year-over-year to $23.8 million.
Diluted EPS increased by 26.3% year-over-year to $0.90.
Revenue by Segment
Forward Guidance
The market for end-point devices remains soft, but the company continues to prepare for the gradual recovery in endpoints and improvements in demand driven by A-I for modern infrastructure and multi-cloud solutions.
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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