NASDAQ$CNXN
PC Connection Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Achieved record second quarter margin performance amidst challenging industry demand.
Connection reported a decrease in net sales by 11.5% year-over-year, but gross margin expanded by 90 basis points to 17.4%. Net income decreased by 22.4% to $19.7 million, with diluted EPS down 22.3% to $0.75 and adjusted EPS down 17.2% to $0.80.
- Net sales decreased by 11.5% year-over-year to $733.5 million.
- Gross margin increased by 90 basis points to 17.4%.
- Net income decreased by 22.4% to $19.7 million.
- Diluted EPS decreased by 22.3% to $0.75, and adjusted EPS decreased by 17.2% to $0.80.
Headline financials
Revenue & EPS history
PC Connection · Revenue · Quarterly
$734M
Revenue by segment
PC Connection · $734M total across 3 segments · Q2 2023
- Enterprise Solutions$287M-17.7%39.1%
- Business Solutions$261M-20.5%35.6%
- Public Sector Solutions$185M+22.6%25.3%
Forward guidance
No specific forward guidance was provided in the press release.
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 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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