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

Connection Q3 net income rises 10.3% to $25.6 million as net sales fall 10.6%

Mixed Impact 3 of 5 earnings Written later

Connection (PC Connection, Inc.) reported third-quarter 2023 results on November 1, 2023. Net sales fell 10.6% year over year to $693.1 million, while net income rose 10.3% to $25.6 million, or $0.97 per diluted share, from $0.88 a year earlier. The company also declared a quarterly dividend of $0.08 per share.

Key points

  • Net sales were $693.1 million, down 10.6% from the prior year quarter, with gross profit down 3.5% to $131.9 million.
  • Net income was $25.6 million, or $0.97 per diluted share, compared with $23.2 million, or $0.88 per share, a year earlier.
  • For the nine months ended September 30, 2023, net income fell 15.5% to $59.5 million, or $2.25 per diluted share.
  • The $0.08 per share dividend is payable December 1, 2023, to shareholders of record as of November 14, 2023.

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECNov 1, 2023, 4:06 PM ET
Accession number0001157523-23-001597

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 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 November 01, 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.