PCM, Inc. (PCMI) Reports Q1 Loss of $0.24, Announces $10M Buyback
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PCM Reports First Quarter Results
April 29, 2015 4:02 PM EDTHighlights (Continuing Operations for First Quarter 2015 compared to First Quarter 2014):
Net sales: decreased 9% to $296.0 million Gross profit: decreased 20% to $39.1 million Gross profit margin: decreased to 13.2% from 15.0% Operating loss of $5.2 million in Q1 2015 vs. operating profit of $6.1 million in Q1 2014 Adjusted EBITDA: loss of $1.4 million vs. earnings of $8.9 million in Q1 2014 Generated $8.5 million of operating cash flow during the quarter Repurchased 74,414 shares at an average price of $9.52 Repurchased over 160,000... More