PC Connection, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021
February 07, 2022 at 04:05 pm EST
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PC Connection, Inc. reported earnings results for the fourth quarter ended December 31, 2021. For the fourth quarter, the company reported sales was USD 800.17 million compared to USD 675.69 million a year ago. Net income was USD 22.39 million compared to USD 16.3 million a year ago.
Basic earnings per share from continuing operations was USD 0.85 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.62 a year ago.
PC Connection, Inc. delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, Ohio. The Company provides a range of information technology (IT) solutions, from the desktop to the cloud, including computer systems, data center solutions, software and peripheral equipment, networking communication, and other products and accessories, which the Company purchases from manufacturers, distributors and other suppliers. The Company operates through three segments: Connection Enterprise Solutions, Connection Business Solutions and Connection Public Sector Solutions. Connection Enterprise Solutions segment is engaged in serving large enterprise customers. Connection Business Solutions segment is engaged in serving small to medium-sized businesses (SMBs). Connection Public Sector Solutions segment is engaged in serving federal, state, and local government and educational institutions.