PC Connection, Inc. Reports Fourth Quarter And Full Year Results

PC Connection, Inc. (NASDAQ: PCCC):
       

FOURTH QUARTER SUMMARY:

FULL YEAR SUMMARY:
 
  • Net sales: $553.2 million, level y/y
  • Net sales: $2.103 billion, up 6.5% y/y
  • SG&A: 10.3% of net sales
  • SG&A: 10.3% of net sales
  • Operating income: $11.8 million, 2.1% of net sales
  • Operating income: $47.6 million, 2.3% of net sales
  • Diluted earnings per share: $0.28, up 8% y/y
  • Diluted earnings per share: $1.07, up 26% y/y

PC Connection, Inc. (NASDAQ: PCCC), which through its subsidiaries provides a full range of information technology (IT) solutions from design through deployment to business, government, and education markets, today announced results for the quarter and year ended December 31, 2011. Consolidated net sales for the fourth quarter of 2011 were $553.2 million, compared to $555.6 million for the fourth quarter of 2010. Net income for the quarter ended December 31, 2011 was $7.4 million, or $0.28 per share, compared to net income of $6.9 million, or $0.26 per share, for the corresponding prior year period.

Net sales for the year ended December 31, 2011 were $2.10 billion, an increase of $129.1 million or 6.5%, compared to $1.97 billion for the year ended December 31, 2010. Net income for the year ended December 31, 2011 increased 25.4% to $28.8 million, or $1.07 per share, compared to $23.0 million, or $0.85 per share, for the year ended December 31, 2010.

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