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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