PC Connection Q2 net sales rise

Reuters
07-31
<a href="https://laohu8.com/S/CNXN">PC Connection</a> <a href="https://laohu8.com/S/QTWO">Q2</a> net sales rise

Overview

  • PC Connection Q2 net sales rise 3.2% y/y to $759.7 mln

  • Net income for Q2 declines 5.2% y/y to $24.8 mln

  • Diluted EPS falls to $0.97 from $0.99 y/y

Result Drivers

  • DATA CENTER INVESTMENTS - Customers' investments in data center refresh initiatives contributed to sales growth, per CEO Timothy McGrath

  • WINDOWS 11 TRANSITION - Transition to Windows 11 drove demand for advanced technologies and endpoint devices, supporting sales

  • SEGMENT VARIATION - Business and Enterprise Solutions segments saw sales growth, while Public Sector Solutions segment sales declined

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q2 EPS

$0.97

Q2 Net Income

$86.05 mln

Analyst Coverage

  • The one available analyst rating on the shares is "hold"

  • The average consensus recommendation for the integrated hardware & software peer group is "buy."

  • Wall Street's median 12-month price target for PC Connection Inc is $76.00, about 15.5% above its July 29 closing price of $64.22

  • The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nBw6T2CN4a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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