NASDAQ$CNXN
PC Connection Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Revenue and net income decreased due to the impact of the COVID-19 pandemic and the deployment of a new ERP system.
Connection's Q2 2020 results were adversely affected by the COVID-19 pandemic and the deployment of a new ERP system, leading to a decrease in revenue and net income. Net sales decreased by 25.8% to $550.0 million, and net income decreased by 67.7% to $7.6 million, or $0.29 per diluted share.
- Net sales decreased by 25.8% to $550.0 million compared to the prior year quarter.
- Net income decreased by 67.7% to $7.6 million, or $0.29 per diluted share, compared to the prior year quarter.
- The deployment of a new ERP system adversely affected the second quarter results.
- Healthcare vertical market saw strong demand for telemedicine and remote access solutions.
Headline financials
Revenue & EPS history
PC Connection · Revenue · Quarterly
$550M
Revenue by segment
PC Connection · $550M total across 3 segments · Q2 2020
- Enterprise Solutions$247M—44.9%
- Business Solutions$191M—34.7%
- Public Sector Solutions$112M—20.4%
Forward guidance
The reality of a post-COVID-19 world is still unclear, but we believe Connection is exceptionally well positioned to continue to assist our customers in adopting the technologies they need to drive business continuity, strengthen security, reimagine the workplace, and transform their businesses to meet the challenges of the future.
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 Q2 2020
+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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