NASDAQ$CNXN
PC Connection Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Connection's Q1 2023 performance was impacted by customer caution amidst economic uncertainty, resulting in decreased sales and net income despite growth in specific sectors and record gross margin.
Connection (PC Connection, Inc.) reported a decrease in net sales by 7.7% year-over-year to $727.5 million for Q1 2023. Net income also decreased by 34.8% to $14.2 million, with diluted EPS down 34.9% to $0.54. Adjusted EPS decreased by 31.9% to $0.56. Despite overall declines, the company saw growth in software, security, and networking solutions, leading to a record first-quarter gross margin.
- Net sales decreased by 7.7% year-over-year, totaling $727.5 million.
- Net income decreased by 34.8% year-over-year, reaching $14.2 million.
- Diluted EPS decreased by 34.9% year-over-year, amounting to $0.54.
- Gross margin expanded by 53 basis points to 16.8%.
Headline financials
Revenue & EPS history
PC Connection · Revenue · Quarterly
$728M
Revenue by segment
PC Connection · $728M total across 3 segments · Q1 2023
- Enterprise Solutions$314M-6.4%43.2%
- Business Solutions$273M-14.8%37.5%
- Public Sector Solutions$140M+6.0%19.3%
Forward guidance
This report does not contain forward guidance. Therefore, I cannot complete this section.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.3%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+1.6%
Avg return
30 days after
60%
39 / 65 earnings
Positive
+21.8%
Q2 2019
Best reaction
-24.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +3.1% | +9.8% | |
| Q4 2025 | +9.1% | +8.4% | +0.9% | |
| Q3 2025 | -1.3% | -3.8% | -4.7% | |
| Q1 2025 | +7.0% | +9.8% | +5.4% | |
| Q4 2024 | -10.8% | -8.6% | -11.2% | |
| Q3 2024 | -8.0% | -2.7% | +4.9% | |
| Q2 2024 | +6.7% | -0.3% | +3.8% | |
| Q1 2024 | -4.3% | +0.2% | +9.1% | |
| Q4 2023 | +8.5% | +5.6% | +0.3% | |
| Q3 2023 | +5.3% | +11.8% | +11.8% | |
| Q2 2023 | +5.5% | +8.5% | +9.2% | |
| Q1 2023 | -2.8% | -2.0% | +16.5% | |
| Q4 2022 | -14.2% | -13.5% | -11.3% | |
| Q3 2022 | -7.4% | -5.3% | +5.5% | |
| Q2 2022 | +2.5% | +3.0% | +2.2% | |
| Q1 2022 | -3.5% | -6.2% | -8.7% | |
| Q4 2021 | +15.2% | +10.9% | +18.4% | |
| Q3 2021 | +6.9% | +1.9% | -6.5% | |
| Q2 2021 | -0.6% | +2.3% | +3.8% | |
| Q1 2021 | -1.1% | -3.7% | +1.4% | |
| Q4 2020 | -10.3% | -9.7% | -10.0% | |
| Q3 2020 | +3.7% | -5.9% | -8.0% | |
| Q2 2020 | -0.7% | +0.4% | -4.1% | |
| Q1 2020 | +6.9% | -7.2% | +0.7% | |
| Q4 2019 | -24.3% | -19.8% | -22.1% | |
| Q3 2019 | +11.5% | +12.8% | +12.6% | |
| Q2 2019 | +21.8% | +12.4% | +7.7% | |
| Q1 2019 | +1.3% | -4.0% | -13.3% | |
| Q4 2018 | +19.4% | +19.1% | +15.7% | |
| Q3 2018 | -7.9% | -5.9% | -5.4% | |
| Q2 2018 | +11.3% | +12.5% | +16.8% | |
| Q1 2018 | +9.6% | +9.9% | +10.6% | |
| Q4 2017 | +0.7% | -3.9% | +3.7% | |
| Q3 2017 | +0.1% | +0.7% | -1.7% | |
| Q2 2017 | -5.4% | -5.2% | -10.6% | |
| Q1 2017 | +3.2% | +7.9% | -3.4% | |
| Q4 2016 | +2.5% | +0.3% | -1.0% | |
| Q3 2016 | -6.4% | -6.5% | +9.1% | |
| Q2 2016 | +2.1% | +1.4% | +5.0% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -1.2% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | -0.3% | — | — | |
| Q3 2014 | +1.6% | — | — | |
| Q2 2014 | +1.4% | — | — | |
| Q1 2014 | +2.1% | — | — | |
| Q4 2013 | +2.2% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | -4.0% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2012 | +3.1% | — | — | |
| Q3 2012 | -4.6% | — | — | |
| Q2 2012 | +1.9% | — | — | |
| Q1 2011 | +4.1% | — | — | |
| Q1 2012 | +1.5% | — | — | |
| Q4 2009 | -0.7% | — | — | |
| Q4 2011 | -0.7% | — | — | |
| Q3 2010 | +1.0% | — | — | |
| Q3 2011 | +1.0% | — | — | |
| Q4 2010 | +7.0% | — | — | |
| Q2 2011 | +7.0% | — | — | |
| Q2 2010 | +7.0% | — | — | |
| Q1 2010 | +5.6% | — | — |
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