<p>Pc Connection 最近的財報電話會議描繪了一個複雜的局面，創紀錄的毛利潤和在商業解決方案、零售和金融服務等關鍵領域的強勁表現。然而，公共部門解決方案的下降、淨收入減少以及銷售和管理費用增加等挑戰，尤其是聯邦政府停擺的影響，也被強調。</p>
<h2>創紀錄的毛利潤和利潤率擴張</h2>
<p>Pc Connection 報告稱，創紀錄的毛利潤為 1.386 億美元，同比增長 2.4%。公司實現了 19.6% 的毛利率，提升了 90 個基點，得益於雲軟件、網絡安全和服務的強勁增長。</p>
<h2>商業解決方案的強勁表現</h2>
<p>商業解決方案部門的淨銷售額增長了 1.7%，達到 2.568 億美元，毛利潤上升 7.8%，達到 6800 萬美元。該部門的毛利率達到了創紀錄的 26.5%，比去年提高了 150 個基點。</p>
<h2>零售和金融服務的顯著增長</h2>
<p>零售和金融服務部門表現出令人印象深刻的增長，零售淨銷售額同比增長 25%，毛利潤增長 42%。金融服務的淨銷售額增長了 23%，毛利潤同比增長 19%。</p>
<h2>強勁的流動性狀況</h2>
<p>公司在本季度結束時保持了強勁的流動性，持有 3.992 億美元的現金、現金等價物和短期投資。這為戰略優先事項和股東回報提供了充足的靈活性。</p>
<h2>公共部門解決方案的下降</h2>
<p>公共部門解決方案的淨銷售額下降了 24.3%，降至 1.325 億美元，主要歸因於聯邦項目的時機和各級政府的資金減少。</p>
<h2>淨收入下降</h2>
<p>Pc Connection 第三季度的淨收入下降了 8.6%，降至 2470 萬美元，稀釋後每股收益下降 0.05 美元，降至 0.97 美元，較去年同期有所減少。</p>
<h2>銷售和管理費用增加</h2>
<p>銷售和管理費用同比上升 2.9%，主要是由於人員相關成本的增加。作為銷售的百分比，銷售和管理費用增加了 80 個基點，達到淨銷售額的 15.3%。</p>
<h2>聯邦政府停擺的影響</h2>
<p>聯邦政府的停擺給公共部門帶來了額外挑戰，影響了訂單發貨，並可能影響第四季度的業績。</p>
<h2>前瞻性指導</h2>
<p>儘管總淨銷售額下降了 2.2%，降至 7.091 億美元，Pc Connection 對未來的增長仍持樂觀態度，得益於強勁的訂單積壓和在人工智能、數據中心現代化以及雲和網絡安全解決方案方面的客户參與。公司預計這些領域將推動未來的增長，儘管當前面臨挑戰。</p>
<p>總之，Pc Connection 的財報電話會議反映了強勁成就與顯著挑戰的結合。儘管公司慶祝創紀錄的毛利潤和多個部門的增長，但也承認公共部門銷售下降和費用增加帶來的障礙。展望未來，Pc Connection 對其增長前景充滿信心，依靠戰略投資和在關鍵技術領域的客户參與。</p>

CNXN

<p>Pc Connection 報告稱，毛利潤創下 1.386 億美元的紀錄，同比增長 2.4%，在商業解決方案、零售和金融服務方面表現強勁。然而，淨收入下降 8.6%，降至 2470 萬美元，公共部門解決方案的淨銷售額下降 24.3%。銷售和管理費用上升 2.9%。儘管面臨挑戰，公司對未來增長仍持樂觀態度，特別是在人工智能和雲解決方案方面，得益於 3.992 億美元的強大流動性</p>

<p>Pc Connection’s latest earnings call painted a mixed picture, with record gross profit and strong performances in key segments like Business Solutions, Retail, and Financial Services. However, challenges such as a decline in Public Sector Solutions, reduced net income, and increased SG&amp;A expenses, compounded by the federal government shutdown, were also highlighted.</p>
<div class="lb-trans"><p>Pc Connection 最近的財報電話會議描繪了一個複雜的局面，創紀錄的毛利潤和在商業解決方案、零售和金融服務等關鍵領域的強勁表現。然而，公共部門解決方案的下降、淨收入減少以及銷售和管理費用增加等挑戰，尤其是聯邦政府停擺的影響，也被強調。</p>
</div><h2>Record Gross Profit and Margin Expansion</h2>
<div class="lb-trans"><h2>創紀錄的毛利潤和利潤率擴張</h2>
</div><p>Pc Connection reported a record gross profit of $138.6 million, marking a 2.4% year-over-year increase. The company achieved a gross margin of 19.6%, up 90 basis points, driven by robust growth in cloud software, cybersecurity, and services.</p>
<div class="lb-trans"><p>Pc Connection 報告稱，創紀錄的毛利潤為 1.386 億美元，同比增長 2.4%。公司實現了 19.6% 的毛利率，提升了 90 個基點，得益於雲軟件、網絡安全和服務的強勁增長。</p>
</div><h2>Strong Performance in Business Solutions</h2>
<div class="lb-trans"><h2>商業解決方案的強勁表現</h2>
</div><p>The Business Solutions segment experienced a 1.7% increase in net sales to $256.8 million, with gross profit rising 7.8% to $68 million. This segment’s gross margin reached a record 26.5%, up 150 basis points from the previous year.</p>
<div class="lb-trans"><p>商業解決方案部門的淨銷售額增長了 1.7%，達到 2.568 億美元，毛利潤上升 7.8%，達到 6800 萬美元。該部門的毛利率達到了創紀錄的 26.5%，比去年提高了 150 個基點。</p>
</div><h2>Significant Growth in Retail and Financial Services</h2>
<div class="lb-trans"><h2>零售和金融服務的顯著增長</h2>
</div><p>Retail and Financial Services segments demonstrated impressive growth, with Retail net sales increasing by 25% and gross profit up by 42% year-over-year. Financial Services saw net sales rise by 23% and gross profit increase by 19% year-over-year.</p>
<div class="lb-trans"><p>零售和金融服務部門表現出令人印象深刻的增長，零售淨銷售額同比增長 25%，毛利潤增長 42%。金融服務的淨銷售額增長了 23%，毛利潤同比增長 19%。</p>
</div><h2>Strong Liquidity Position</h2>
<div class="lb-trans"><h2>強勁的流動性狀況</h2>
</div><p>The company ended the quarter with a strong liquidity position, holding $399.2 million in cash, cash equivalents, and short-term investments. This provides ample flexibility for strategic priorities and shareholder returns.</p>
<div class="lb-trans"><p>公司在本季度結束時保持了強勁的流動性，持有 3.992 億美元的現金、現金等價物和短期投資。這為戰略優先事項和股東回報提供了充足的靈活性。</p>
</div><h2>Decline in Public Sector Solutions</h2>
<div class="lb-trans"><h2>公共部門解決方案的下降</h2>
</div><p>Net sales in the Public Sector Solutions segment fell by 24.3% to $132.5 million, attributed to the timing of federal projects and reduced funding at various government levels.</p>
<div class="lb-trans"><p>公共部門解決方案的淨銷售額下降了 24.3%，降至 1.325 億美元，主要歸因於聯邦項目的時機和各級政府的資金減少。</p>
</div><h2>Net Income Decline</h2>
<div class="lb-trans"><h2>淨收入下降</h2>
</div><p>Pc Connection’s net income for the third quarter decreased by 8.6% to $24.7 million, with diluted earnings per share down $0.05 to $0.97 compared to the previous year.</p>
<div class="lb-trans"><p>Pc Connection 第三季度的淨收入下降了 8.6%，降至 2470 萬美元，稀釋後每股收益下降 0.05 美元，降至 0.97 美元，較去年同期有所減少。</p>
</div><h2>Higher SG&amp;A Expenses</h2>
<div class="lb-trans"><h2>銷售和管理費用增加</h2>
</div><p>SG&amp;A expenses rose by 2.9% year-over-year, driven by increased personnel-related costs. As a percentage of sales, SG&amp;A expenses increased by 80 basis points to 15.3% of net sales.</p>
<div class="lb-trans"><p>銷售和管理費用同比上升 2.9%，主要是由於人員相關成本的增加。作為銷售的百分比，銷售和管理費用增加了 80 個基點，達到淨銷售額的 15.3%。</p>
</div><h2>Impact of Federal Government Shutdown</h2>
<div class="lb-trans"><h2>聯邦政府停擺的影響</h2>
</div><p>The federal government shutdown posed additional challenges for the Public Sector, affecting order shipments and potentially impacting fourth-quarter results.</p>
<div class="lb-trans"><p>聯邦政府的停擺給公共部門帶來了額外挑戰，影響了訂單發貨，並可能影響第四季度的業績。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</h2>
</div><p>Despite a 2.2% decline in total net sales to $709.1 million, Pc Connection remains optimistic about future growth, supported by a robust backlog and strong customer engagement in AI, data center modernization, and cloud and cybersecurity solutions. The company expects these areas to drive future growth, despite the current challenges.</p>
<div class="lb-trans"><p>儘管總淨銷售額下降了 2.2%，降至 7.091 億美元，Pc Connection 對未來的增長仍持樂觀態度，得益於強勁的訂單積壓和在人工智能、數據中心現代化以及雲和網絡安全解決方案方面的客户參與。公司預計這些領域將推動未來的增長，儘管當前面臨挑戰。</p>
</div><p>In conclusion, Pc Connection’s earnings call reflected a blend of strong achievements and notable challenges. While the company celebrated record gross profits and growth in several segments, it also acknowledged the hurdles posed by declining public sector sales and increased expenses. Looking ahead, Pc Connection remains confident in its growth prospects, driven by strategic investments and customer engagement in key technological areas.</p>
<div class="lb-trans"><p>總之，Pc Connection 的財報電話會議反映了強勁成就與顯著挑戰的結合。儘管公司慶祝創紀錄的毛利潤和多個部門的增長，但也承認公共部門銷售下降和費用增加帶來的障礙。展望未來，Pc Connection 對其增長前景充滿信心，依靠戰略投資和在關鍵技術領域的客户參與。</p>
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PC Connection 的財報電話會議：在挑戰中實現創紀錄的利潤