PCM, Inc. (PCMI) Reports Q4 EPS of $0.05
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PCM Reports Record Fourth Quarter Results
February 18, 2016 4:05 PM ESTHighlights (Continuing operations in Q4 2015 compared to Q4 2014):
Net sales: increased 34% to a fourth quarter record $482.2 millionGross profit: increased 26% to a fourth quarter record $63.1 millionGross profit margin: decreased to 13.1% from 14.0%Operating loss: $22.1 million compared to operating profit of $4.5 million, and includes a $22.1 million non-cash ERP write-off charge.Adjusted EBITDA: $4.9 million compared to $7.5 millionRepurchased 39,759 shares at an average price of $9.37Adjusted EPS from continuing operations, excluding special charges: $0.05Completed acquisitions of Acrodex in October 2015 and certain assets of Systemaxs North American Technology Group, including Tiger... More