PCM, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net sales of $580,994,000 against $478,871,000 a year ago. Operating profit was $13,365,000 compared with $850,000 a year ago. Income from continuing operations before income taxes was $11,904,000 compared to loss from continuing operations before income taxes was $22,000 a year ago. Income from continuing operations was $7,406,000 or $0.61 per diluted share compared to $175,000 or $0.01 per diluted share a year ago. Net income was $7,406,000 or $0.61 per diluted share compared to $249,000 or $0.02 per diluted share a year ago. EBITDA was $17,340,000 compared to $4,066,000 a year ago. Adjusted EBITDA was $16,868,000 compared with $9,462,000 a year ago. Non-GAAP consolidated income from continuing operations was $8,011,000 compared with $3,258,000 a year ago. Non-GAAP diluted EPS was $0.66 compared with $0.26 a year ago. Consolidated net sales increased $102.1 million, or 21 %. This increase was primarily due to the addition of sales from fourth quarter 2015 acquisitions and investments have made in advanced technologies and software for the benefit of the overall business.

For the six months, the company reported net sales of $1,079,023,000 against $774,830,000 a year ago. Operating profit was $14,884,000 compared with operating loss of $4,357,000 a year ago. Income from continuing operations before income taxes was $11,949,000 compared to loss from continuing operations before income taxes was $6,000,000 a year ago. Income from continuing operations was $7,562,000 or $0.62 per diluted share compared to loss from continuing operations was $3,349,000 or $0.27 per diluted share a year ago. Net income of $7,562,000 or $0.62 per diluted share compared to net loss of $3,306,000 or $0.27 per diluted share a year ago. EBITDA was $22,931,000 compared to $1,558,000 a year ago. Adjusted EBITDA was $23,991,000 compared with $8,032,000 a year ago. Non-GAAP consolidated income from continuing operations was $10,098,000 compared with $548,000 a year ago. Non-GAAP diluted EPS was $0.82 compared with $0.04 a year ago. Net cash provided by operating activities was $99,201,000 compared with net cash used in operating activities was $3,835,000 a year ago. Purchases of property and equipment were $2,461,000 compared with $17,238,000 a year ago. Investing activities for the six months ended June 30, 2016 were primarily related to $2.5 million of capital expenditures and $0.5 million of incremental acquisition-related investments.

For the third quarter, the company expects sales in the range of $545 million to $560 million, and adjusted EPS of $0.29 to $0.35.

The company is increasing full year adjusted EPS guidance by $0.24. The company now expects full year adjusted EPS of a range of $1.51 to $1.64 per share on estimated 2016 net sales of $2.2 billion to $2.23 billion, or a sales increase of 32% to 34%.