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AI brief of an SEC Form 8-K · PC Connection (CNXN)

Connection Q2 net sales fall 11.5%, net income down 22.4%; $0.08 dividend declared

Negative Impact 3 of 5 earnings Written later

Connection (PC Connection, Inc.) reported second-quarter 2023 net sales of $733.5 million, down 11.5% from a year earlier, and net income of $19.7 million, or $0.75 per diluted share, down 22.4% from $0.96. The company said gross margin rose 90 basis points to 17.4%, and its board declared a quarterly dividend of $0.08 per share.

Key points

  • Net sales were $733.5 million, down 11.5% year over year; gross profit was $127.8 million, down 6.7%.
  • Diluted EPS was $0.75 versus $0.96 a year earlier; adjusted diluted EPS was $0.80 versus $0.96.
  • Quarterly dividend of $0.08 per share is payable September 1, 2023, to shareholders of record as of August 15, 2023.
  • Cash and cash equivalents were $244.0 million at June 30, 2023, versus $94.9 million a year earlier.

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECAug 2, 2023, 4:06 PM ET
Accession number0001157523-23-001226

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 02, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.