CNXN · PC Connection, Inc. Q2 FY2026 earnings call record财报电话会记录

“Our teams work closely with customers and strategic partners to manage supply constraints, optimize purchasing decisions, and maintain business continuity.”

“Our Business Solutions segment delivered another outstanding quarter, demonstrating the strength of our customer relationships and the continued demand for modern workplace technologies.”

“Net sales increased 17.3% to a record $343.9 million, while gross profit rose 14.9% to a record $[inaudible]9.1 million.”

“Gross margin was 23%, compared with 23.5% in the prior year quarter, reflecting a higher mix of endpoint devices and changes in customer mix.”

“Customer purchasing patterns in the Business Solutions segment continued to vary during the quarter as some pulled forward demand in advance of price increases.”

“Importantly, gross margins expanded 130 basis points to 16.5%, reflecting a favorable customer mix.”

“Net sales increased 13.4% to $369.6 million, driven by strong demand for endpoint devices, software, servers, and services.”

“Gross profit grew 15.8% to $55.2 million, while gross billings increased 17% to $477 million.”

“Operating income increased by 39.2% to a record $43 million year-over-year, demonstrating strong operating leverage as we continue to balance expense discipline with targeted investment in areas of our business that will drive future growth.”

“Cash used from operations for the first half of 2026 was $49.5 million, reflecting targeted working capital investments to support growth.”

“Cash used in financing activities was $13.6 million, reflecting our ongoing share repurchase activity of $2.5 million and dividend payments of $10.1 million to shareholders.”

“We believe our disciplined approach to capital allocation, continued focus on margin execution, and targeted strategic investments position us well for the remainder of 2026 and beyond.”