Market Overview

PCM Reports Record Second Quarter 2019 Results, Announced Proposed Merger with Insight

Share:

Gross Profit Increased to a Record $91.0 million; Gross Margin Increased to a Q2 Record 16.6%

GAAP EPS (including M&A related charges) of $0.62; Non-GAAP EPS Increased 6% to $0.87

PCM, Inc. (NASDAQ:PCMI), a leading technology solutions provider, today reported financial results for the second quarter and six months ended June 30, 2019.

Consolidated Financial Summary

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

(in millions, except per share data)

 

 

2019

 

 

 

2018

 

 

% Change

 

 

2019

 

 

 

2018

 

 

% Change

Net Sales

 

$

548.3

 

$

546.4

 

0

%

$

1,082.3

 

$

1,089.3

 

(1

)%

Gross Profit

 

 

91.0

 

 

90.4

 

1

 

 

174.1

 

 

174.0

 

0

 

Gross Profit Margin

 

 

16.6

%

 

16.5

%

10

bp

 

16.1

%

 

16.0

%

10

bp

SG&A Expenses

 

$

78.1

 

$

77.2

 

1

 

$

152.8

 

$

154.6

 

(1

)

Operating Profit

 

 

12.9

 

 

13.2

 

(2

)

 

21.3

 

 

19.4

 

10

 

Net Income

 

 

8.2

 

 

7.9

 

4

 

 

12.9

 

 

10.7

 

20

 

Non-GAAP Net Income

 

 

11.5

 

 

10.0

 

15

 

 

17.6

 

 

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