PC Mall Inc., the parent company of the MacMall, and PC Connection, the parent company of MacConnection, have reported their most recent financial results.
PC Mall has reported earnings per share of $0.07 on record third quarter sales of US$230 million. This compares with earnings per share $0.05 per share on sales of $172 million for the third quarter of 2001.
Earnings per share increased 75 percent from $0.04 per share reported in the second quarter of 2002 on sequential sales growth of 12 percent. Sales for the quarter increased 34 percent from the third quarter of 2001 and 12 percent from the second quarter of this year. Gross profit for the quarter increased by 30 percent from the comparable quarter last year in close relation to sales.
The ClubMac and Wareforce acquisitions were responsible for 18 percent of the year-over-year sales growth. PC Mall acquired “substantially all” of the assets of Pacific Business Systems (PBS), a privately held direct marketer of computer products and the folks behind the ClubMac brand in April.
Meanwhile, PC Connection Inc. said sales for the three months ended September 30 increased by $28.1 million, or 9.0 percent to $341.0 million from $312.9 million for the three months ended September 30, 2001. Net income for the quarter was $2.2 million, or $.09 per share, compared to $2.1 million, or $.08 per share for the three months ended September 30, 2001.
Neither the PC Mall or PC Connection financial statement specified how overall Mac sales looked.