PCM, Inc. (PCMI) Gains Following Strong Q4
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PCM Reports Record Fourth Quarter and Full-Year 2016 Results
February 8, 2017 4:32 PM ESTRecord Profitability: Q4 EPS of $0.37 and Adjusted EPS of $0.51, Exceeding GuidanceRecord 2016 Full Year EPS of $1.40 and Adjusted EPS of $1.89Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
EL SEGUNDO, Calif., Feb. 08, 2017 (GLOBE NEWSWIRE) -- PCM, Inc. (NASDAQ: PCMI), a leading technology solutions provider, today reported record financial results for the fourth quarter and full-year of 2016, exceeding guidance for both the quarter and full-year period.
Highlights (2016 compared to 2015):
Fourth Quarter:
Record net sales of $586.6 million, up 22% and exceeding the high end of our guidance of $565 to $580 million Record fourth quarter gross profit of $82.8 million, up 31%; gross profit margin increased to 14.1% from... More