On Oct. 26, PC Connection (NASDAQ:PCCC) released third-quarter earnings for the period ended Sept. 30, 2006.
- PC Connection recorded record quarterly sales, up 11.9%, because of positive growth across all product segments.
- The video, imaging, and sound products segment increased the greatest amount year over year, with 30.8% growth.
- The company's subsidiary, GovConnection, has settled a dispute with the Department of Justice concerning a 2003 audit matter. Excluding the special charge for the audit review, pro forma net income would have been more than $5 million for the quarter, or $0.20 EPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$433 |
$415 |
$371 |
11.9% |
|
Net Profit |
-- |
$4 |
$2 |
128.1% |
|
EPS |
$0.14 |
$0.17 |
$0.08 |
112.5% |
|
Diluted Shares |
-- |
26 |
25 |
1.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
12.32% |
11.34% |
0.98 |
|
Operating Margin |
1.64% |
1.00% |
0.64 |
|
Net Margin |
1.06% |
0.52% |
0.54 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$12 |
$8 |
45.5% |
|
Accounts Rec. |
$159 |
$149 |
7% |
|
Inventory |
$68 |
$67 |
2.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$100 |
$96 |
3.6% |
|
Long-Term Debt |
$5 |
$6 |
(14.9%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$19 |
$11 |
79.3% |
|
Capital Expenditures |
$6 |
$5 |
26.5% |
|
Free Cash Flow |
$13 |
$6 |
127.6% |
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Related Companies:
- CDW (NASDAQ:CDWC)
- Insight Enterprises (NASDAQ:NSIT)
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Related Foolishness:
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