PCM, Inc. (PCMI) Misses Q3 EPS by 7c
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PCM Names Alan Lawrence, President, PCMG
October 29, 2015 4:07 PM EDTEL SEGUNDO, Calif., Oct. 29, 2015 (GLOBE NEWSWIRE) -- PCM, Inc. (NASDAQ: PCMI), a leading technology solutions provider, announced the hiring of Alan Lawrence as President, PCMG, PCMs Government and Education subsidiary. Mr. Lawrence will report to Jay Miley, President, PCM. In this role Mr. Lawrence will be responsible for scaling the companys Government, Education and Healthcare businesses to deliver accelerated growth in this space. Prior to his current role at PCMG, Mr. Lawrence spent a number of years at GTSI having served as Vice President and General Manager in charge of the Strategic Programs... More
PCM Reports Record Third Quarter Results
October 29, 2015 4:06 PM EDTHighlights (Continuing operations in Q3 2015 compared to Q3 2014):
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Net sales: increased 20% to a third quarter record $404.9 millionGross profit: increased 33% to a third quarter record $60.1 millionGross profit margin: increased to a third quarter record high 14.9% from 13.4%Operating profit: decreased $0.1 million to $1.0 million and includes $1.8 million of special charges. Excluding special charges our operating profit would have increased $1.4 million.Adjusted EBITDA: increased 47% to $5.9 millionRepurchased 247,620 shares at an average price of $10.12Adjusted EPS from continuing operations, excluding special charges: $0.09Completed acquisition of Acrodex on October 26, 2015... More