pcm inc (PCMI) Snapshot

PCM, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $337,169,000 compared to $334,697,000 a year ago. Operating profit was $2,878,000 compared to $129,000 a year ago. Income before income taxes was $2,106,000 compared to loss before income taxes of $802,000 a year ago. Net income was $1,236,000 or $0.11 per basic and diluted share compared to net loss of $470,000 or $0.04 per diluted share a year ago. EBITDA was $5,843,000 compared to $3,279,000 a year ago. Adjusted income before income taxes was $2,565,000 compared to adjusted loss before income taxes of $47,000 a year ago. Non-GAAP net income was $1,505,000 or $0.13 per diluted share compared to non-GAAP net loss of $28,000 or $0.00 per diluted share a year ago. Net cash provided by operating activities was $12,106,000 compared to $23,116,000 a year ago. Purchases of property and equipment were $2,200,000 compared to $2,456,000 a year ago. The increase in consolidated Net Sales were primarily due to a $2.7 million or 1% increase in commercial segment sales, a $200,000 or 1% increase in public sector segment sales, partially offset by a $400,000 or 1% decline in MacMall segment sales. The company expects CapEx to increase throughout 2013 as commenced the build-out of new Ohio datacenter.

PCM, Inc., Q1 2013 Earnings Call, May 09, 2013

PCM, Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on May 09, 2013