PC Connection

PC Connection, Inc. engages in the development and provision of information technology solutions. It operates through the following segments: Business Solutions, Enterprise Solutions and Public Sector Solutions. The Business Solutions segment includes outbound telemarketing, on-site sales solicitation and Internet sales. The Enterprise Solutions segment offers method of sourcing, evaluating, purchasing and tracking of IT products and services. The Public Sector segment offers outbound telemarketing, including some on-site sales solicitation by business development managers, and Internet sales through Internet Business Accounts. The company was founded by Patricia J. Gallup and David Hall in 1982 and is headquartered in Merrimack, NH.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

PC Connection reports Q4 decline but eyes tech demand growth

PC Connection faced challenges in net sales and income in Q4 2022 but showed strength in demand for advanced tech solutions.
Cost reduction initiatives and improved cash flow provide a foundation for future growth.
Opportunities lie in continued demand for advanced technologies and growth in specific business segments.
Caution in IT budgets and a slow PC cycle present challenges for the company.

Connection navigates economic challenges, focuses on tech growth for profitability

Connection faced challenges in Q1 due to weak economic conditions, leading to declines in net sales and gross profit, particularly in the Business Solutions segment.
Despite these challenges, the company demonstrated strengths in advanced technologies growth, improved cash flow, and commitment to shareholders through dividends and stock repurchases.
To address challenges and leverage opportunities, Connection aims to focus on cost reduction, capitalize on customer investments in advanced technologies, and maintain financial stability for future growth.
Strategic adjustments and a focus on operational efficiency will be crucial for Connection to navigate market dynamics and drive sustainable profitability in the evolving business landscape.

PC Connection (CNXN) reports Q2 revenue decline but shows margin resilience

PC Connection (CNXN) faced a challenging quarter with declines in sales, operating income, and net income, but showed resilience in gross margins.
The company's strategic focus on customer IT spend, digital transformation, and specific market segments like Public Sector Solutions could drive future growth.
While challenges like increased expenses and margin sustainability persist, opportunities in market trends and operational enhancements offer avenues for improvement.

PC Connection reports record earnings amidst revenue declines and market uncertainties

PC Connection's Q3 2023 performance reflects resilience in earnings despite revenue declines, with a focus on cost management and operational efficiency.
While facing challenges in declining net sales and cautious customer sentiment, the company is well-positioned to leverage opportunities in AI, security solutions, and new software applications.
Analysts' inquiries into gross margin sustainability and capital allocation plans highlight areas of focus for PC Connection's strategic decision-making and future growth strategies.

PC Connection (CNXN) reports mixed Q4 performance, eyes growth opportunities

PC Connection's Q4 2023 earnings call highlighted a mix of performance outcomes, with strengths in operational efficiency and resilience amid challenges in certain product segments. The company's strategic focus on advanced technology sales and cash deployment presents opportunities for future growth and value creation.

PC Connection faces sales decline but eyes growth in AI demand

PC Connection navigated a challenging quarter with a decrease in net sales and gross profit. Despite this, the company succeeded in adding net new commercial accounts. Discussions on market trends, AI PC demand, and software revenue decline highlighted areas of focus for future growth.

PC Connection achieves record earnings, eyes growth in key sectors

PC Connection's Q2 2024 performance reflects strong financial results, with record net income and earnings per share, driven by growth in key segments and effective cost management.
While facing challenges in certain segments and cost pressures, the company's strategic focus on shareholder value, market trends, and operational efficiency positions it well for future growth.
By capitalizing on growth opportunities in target sectors and addressing challenges proactively, PC Connection can sustain its financial momentum and drive long-term value for stakeholders.

PC Connection reports record earnings, faces segment challenges and growth opportunities

PC Connection (CNXN) delivered a strong financial performance in Q3 2024, achieving record net income and earnings per share amidst a 4.6% increase in consolidated net sales.
While facing challenges such as a decline in operating income and gross margins, the company demonstrated strengths in segment growth and increased interest income.
Strategic investments in sales and service capabilities offer opportunities for future revenue growth, with a focus on addressing challenges to maintain profitability and drive operational efficiency.
Overall, PC Connection's performance highlights a balance of achievements, challenges, and opportunities that position the company for continued growth and success in the evolving market landscape.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the first quarter March 31, 2024. The Company also announced its Board of Directors declared a quarterly dividend of $0.10 per share on the company's common stock, payable on May 29, 2024, to shareholders of record as of May 14, 2024. The Board of Directors also approved a $40.

Connection (CNXN) Reports First Quarter 2024 Results

PC Connection (CNXN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

PC Connection (CNXN) Earnings Expected to Grow: Should You Buy?

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, will release its first quarter 2024 operating results after close of market on Wednesday, May 1, 2024. At 4:30 p.m. EDT on that date, management will review these results during their quarterly conference call. For participants who would like to participate via telephone, please register here to receive t.

PC Connection, Inc. (CNXN) to Release First Quarter Results for 2024

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce the fourth annual IT Superhero Awards. The awards program recognizes IT professionals, nominated by their colleagues, for going above and beyond the call of duty to save the day for their team. The IT Superhero Awards program is open to IT professionals from organizations of all si.

Connection Announces 2024 IT Superhero Awards

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that it has been named a 2024 HP Inc. Partner of the Year. HP's Partner of the Year Awards honor top-performing HP partners for exemplary achievements in growth and innovation. Connection was recognized as the 2024 HP U.S. Personal Systems National Solutions Provider Partner of the Year.

Connection Honored with HP Inc. Partner of the Year Award

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that it has been awarded Microsoft Solutions Partner designations for proficiency in all six solution areas: Business Applications; Modern Work; Security; Azure Data & AI; Azure Infrastructure; and Azure Digital & App Innovation. Microsoft Solutions Partner designations are.

Connection Named a Microsoft Solutions Partner for the Microsoft Cloud

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that it has once again been named to the Forbes America's Best Employers list. Connection ranked #13 out of 400 organizations on the 2024 list of America's Best Midsize Employers, climbing higher in the rankings from its #88 spot in 2023. Tim McGrath, President and CEO of Connectio.

Connection Awarded on the Forbes America's Best Employers 2024 List

PC Connection, Inc. (CNXN) Q4 2023 Earnings Call Transcript

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN): FOURTH QUARTER SUMMARY: FULL YEAR SUMMARY:   Net sales: $696.5 million, down 4.9% y/y Gross profit: $129.8 million, up 4.4% y/y Net income: $23.8 million, up 26.3% y/y Diluted EPS: $0.90, up 26.3% y/y   Net sales: $2.9 billion, down 8.8% y/y Gross profit: $511.7 million, down 2.7% y/y Net income: $83.3 million, down 6.7% y/y Diluted EPS: $3.15, down 6.6% y/y   Connection (PC Connection, Inc.; NASDAQ: CNXN), a lead.

Connection (CNXN) Reports Fourth Quarter and Full Year 2023 Results

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, will release its fourth quarter and full-year 2023 operating results after close of market on Wednesday, February 14, 2024. At 4:30 p.m. EST on that date, management will review these results during their quarterly conference call. For participants who would like to participate via telephone, please regis.

PC Connection, Inc. (CNXN) to Release Fourth Quarter and Full Year Results for 2023

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce the company has launched the Helix Center for Applied AI and Robotics. Helix brings together industry-leading experts, resources, and support designed to help organizations of all sizes realize the benefits of artificial intelligence and automation. Tim McGrath, President and CEO o.

Connection Launches Helix Center for Applied AI and Robotics

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce the company has secured a renewal of its Microsoft Azure Expert Managed Service Provider (MSP) status. The Azure Expert MSP recognition is awarded to Microsoft partners who complete an intensive auditing process, demonstrate robust technical capabilities, and offer proactive and re.

Connection Achieves Microsoft Azure Expert MSP Renewal

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, announced the winners of the third annual IT Superhero Awards during Connection's Technology Summit. Jamal Khan, Chief Growth and Innovation Officer at Connection, announced the five winners of the individual category awards. The 2023 IT Superhero Award winners, chosen by a panel of four judges, are: Bes.

Connection Announces Winners of 2023 IT Superhero Awards

PC Connection, Inc. (NASDAQ:CNXN ) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Samantha Smith - Investor Relations Timothy McGrath - President and Chief Executive Officer Thomas Baker - Senior Vice President, Chief Financial Officer, and Treasurer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company, LLC Jake Norrison - Raymond James Operator Good afternoon, and welcome to the Third Quarter Connections Earnings Conference Call. My name is James, and I will be the coordinator for today.

PC Connection, Inc. (CNXN) Q3 2023 Earnings Call Transcript

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the third quarter ended September 30, 2023, and that its board of directors has declared a quarterly dividend of $0.08 per share on the company's common stock, which will be payable on December 1, 2023, to shareholders of record as of November 14, 2023. “We executed well agains.

Connection (CNXN) Reports Third Quarter 2023 Results

Analysts Estimate PC Connection (CNXN) to Report a Decline in Earnings: What to Look Out for

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, will release its third quarter 2023 operating results after close of market on Wednesday, November 1, 2023. At 4:30 p.m. EST on that date, management will review these results during their quarterly conference call. For participants who would like to participate via telephone, please register here to rece.

PC Connection, Inc. (CNXN) to Release Third Quarter Results for 2023

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce the company has won two Partner of the Year Awards from Microsoft. The company was named 2023 Microsoft US Surface Solutions Partner of the Year and Modern Work, Surface Hub Reseller 2023 Microsoft US Partner of the Year. Connection was honored in both categories for demonstrating.

Connection Wins Two Microsoft Partner of the Year Awards

PC Connection, Inc. (NASDAQ:CNXN ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Samantha Smith - Investor Relations Tim McGrath - President and Chief Executive Officer Tom Baker - Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti Operator Good day and thank you for standing by. Welcome to the PC Connection Second Quarter 2023 Earnings Conference Call.

PC Connection, Inc. (CNXN) Q2 2023 Earnings Call Transcript

PC Connection (CNXN) came out with quarterly earnings of $0.80 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.96 per share a year ago.

PC Connection (CNXN) Q2 Earnings Top Estimates

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the second quarter ended June 30, 2023. The company also announced that its board of directors has declared a quarterly dividend of $0.08 per share on the company's common stock, which will be payable on September 1, 2023, to shareholders of record as of August 15, 2023. “We ex.

Connection (CNXN) Reports Second Quarter 2023 Results

Apple

Casey's General Stores

Parents and students are busy with last-minute shopping as schools across the United States are set to resume after the break.

4 Stocks to Watch as Back-to-School Shopping Promises Growth

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, will release its second quarter 2023 operating results after close of market on Wednesday, August 2, 2023. At 4:30 p.m. ET on that date, management will review these results during their quarterly conference call. For participants who would like to participate via telephone, please register here to receiv.

PC Connection, Inc. (CNXN) to Release Second Quarter Results for 2023

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce the third annual IT Superhero Awards. The awards program recognizes IT professionals, nominated by their colleagues, for going above and beyond the call of duty to save the day for their team. The IT Superhero Awards program is open to IT professionals from organizations of all siz.

Connection Announces Third Annual IT Superhero Awards

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare, and education markets, is pleased to announce that the company has been named HP U.S. Print Hardware National Solution Provider (NSP) Partner of the Year at the HP AMPLIFY partner conference. Connection Enterprise Solutions was selected for the award based on performance, innovation, and strategic growth. Tim McGrath, Presiden.

News for PC Connection Stock (CNXN)