PC Connection, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
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PC Connection, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 693.09 million compared to USD 775.69 million a year ago. Net income was USD 25.6 million compared to USD 23.21 million a year ago. Basic earnings per share from continuing operations was USD 0.97 compared to USD 0.88 a year ago. Diluted earnings per share from continuing operations was USD 0.97 compared to USD 0.88 a year ago.
For the nine months, sales was USD 2,154.18 million compared to USD 2,392.55 million a year ago. Net income was USD 59.49 million compared to USD 70.4 million a year ago. Basic earnings per share from continuing operations was USD 2.26 compared to USD 2.68 a year ago. Diluted earnings per share from continuing operations was USD 2.25 compared to USD 2.66 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.