PC Connection, Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
January 29, 2016 at 02:52 am IST
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PC Connection, Inc. announced consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company's net sales were $684,323,000 compared to $630,765,000 for the same period of last year. Income from operations was $22,891,000 compared to $20,089,000 for the same period of last year. Net income was $13,613,000 compared to $11,944,000 for the same period of last year. Diluted earnings per share were $0.51 compared to $0.45 for the same period of last year. EBITDA was $25,255,000 compared to $22,184,000 for the same period of last year. Adjusted EBITDA was $25,529,000 compared to $22,412,000 for the same period of last year. Return on equity was 12.5% compared to 12.5% for the same period of last year.
For the year, the company's net sales were $2,573,973,000 compared to $2,463,339,000 for the same period of last year. Income from operations was $78,554,000 compared to $71,454,000 for the same period of last year. Net income was $46,827,000 compared to $42,681,000 for the same period of last year. Diluted earnings per share were $1.76 compared to $1.61 for the same period of last year. EBITDA was $87,515,000 compared to $79,546,000 for the same period of last year. Adjusted EBITDA was $88,509,000 compared to $80,475,000 for the same period of last year. Net cash provided by operating activities was $30,862,000 compared to $35,398,000 for the same period of last year. Purchases of equipment were $12,337,000 compared to $7,609,000 for the same period of last year. Purchase of intangible asset was $450,000. Accrued capital expenditures were $504,000 against $205,000 a year ago. Total book value per share as on December 31, 2015 was $14.81 against $13.44 as on December 31, 2014. Tangible book value per share as on December 31, 2015 was $12.81 against $11.42 as on December 31, 2014.
PC Connection, Inc. delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, Ohio. The Company provides a range of information technology (IT) solutions, from the desktop to the cloud, including computer systems, data center solutions, software and peripheral equipment, networking communication, and other products and accessories, which the Company purchases from manufacturers, distributors and other suppliers. The Company operates through three segments: Connection Enterprise Solutions, Connection Business Solutions and Connection Public Sector Solutions. Connection Enterprise Solutions segment is engaged in serving large enterprise customers. Connection Business Solutions segment is engaged in serving small to medium-sized businesses (SMBs). Connection Public Sector Solutions segment is engaged in serving federal, state, and local government and educational institutions.