PC Connection, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:05 pm EST
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PC Connection, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 696.47 million compared to USD 732.45 million a year ago. Net income was USD 23.78 million compared to USD 18.82 million a year ago. Basic earnings per share from continuing operations was USD 0.9 compared to USD 0.72 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 0.71 a year ago.
For the full year, sales was USD 2,850.64 million compared to USD 3,125 million a year ago. Net income was USD 83.27 million compared to USD 89.22 million a year ago. Basic earnings per share from continuing operations was USD 3.17 compared to USD 3.4 a year ago. Diluted earnings per share from continuing operations was USD 3.15 compared to USD 3.37 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.