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.

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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.

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PC Connection, Inc. (NASDAQ:CNXN ) Q1 2023 Earnings Conference Call May 4, 2023 4:30 PM ET Company Participants Timothy McGrath - President and Chief Executive Officer Thomas Baker - Senior Vice President and Chief Financial Officer Conference Call Participants Anthony Lebiedzinski - Sidoti & Company Jake Norrison - Raymond James Operator Good afternoon and welcome to the First Quarter 2023 Connection Earnings Conference Call. At this time, all participants are in listen-only mode.

PC Connection, Inc. (CNXN) Q1 2023 Earnings Call Transcript

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN):   FIRST QUARTER SUMMARY: Net sales: $727.5 million, down 7.7% y/y Gross profit: $122.3 million, down 4.7% y/y Net income: $14.2 million, down 34.8% y/y Diluted EPS: $0.54, down 34.9% y/y Adjusted EPS: $0.56, down 31.9% y/y Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the fir.

Connection (CNXN) Reports First Quarter 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, is pleased to announce that the company has been named to Newsweek's list of Most Trustworthy Companies in America, for the second year in a row. Connection ranked #7 in the Technology Hardware industry for customer, investor, and employee trust. Tim McGrath, President and CEO of Connection said, “Our pa.

Connection Named to Newsweek's Most Trustworthy Companies in America 2023 List

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 2023 operating results after close of market on Thursday, May 4, 2023. At 4:30 p.m. EDT on that date, management will review these results during their quarterly conference call.

PC Connection, Inc. (CNXN) to Release First Quarter Results for 2023 and Provides Selected Preliminary Financial Results

Last quarter saw declines in sales in all segments but saw improvements in margins. If the company manages to improve margins even by the slightest, the company has promise.

PC Connection: Will Likely Weather The Storm Just Fine

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PC Connection, Inc. (NASDAQ:CNXN ) Q4 2022 Earnings Conference Call February 9, 2023 4:30 PM ET Company Participants Samantha Tracy - Investor Relations Tim McGrath - President and Chief Executive Officer Tom Baker - Senior Vice President and Chief Financial Officer Conference Call Participants Jake Norrison - Raymond James Operator Good afternoon and welcome to the Fourth Quarter 2022 Connection Earnings Conference Call. My name is Cherie, and I'll be the coordinator for today.

PC Connection, Inc. (CNXN) Q4 2022 Earnings Call Transcript

PC Connection (CNXN) delivered earnings and revenue surprises of -5.33% and 3.02%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

PC Connection (CNXN) Lags Q4 Earnings and Revenue Estimates

MERRIMACK, N.H.--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN):   FOURTH QUARTER SUMMARY:   FULL YEAR SUMMARY:   Net sales: $732.5 million, down 8.5% y/y Gross profit: $124.3 million, down 2.1% y/y Net income: $18.8 million, down 15.9% y/y Diluted EPS: $0.71, down 16.2% y/y   Net sales: $3.1 billion, up 8.0% y/y Gross profit: $526.2 million, up 13.3% y/y Net income: $89.2 million, up 27.6% y/y Diluted EPS: $3.37, up 27.2% y/y   Connection (PC Connection, Inc.

Connection (CNXN) Reports Fourth Quarter and Record Full Year 2022 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 2022 operating results after close of market on Thursday, February 9, 2023. At 4:30 p.m. ET on that date, management will review these results during their quarterly conference call.

PC Connection, Inc. (CNXN) to Release Fourth Quarter and Full Year Results For 2022

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Holiday Season Sales Aiding Retail Sector Rebound: 5 Winners

SAN FRANCISCO , Dec. 8, 2022 /PRNewswire/ -- Plainsight , the leader in proven vision AI, announced today a strategic partnership with Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider, that paves the way for enterprises across markets to harness the power of accurate, scalable, and repeatable computer vision. Available today via the partnership, Connection offers Plainsight's enterprise-grade vision AI solutions with fully managed services, helping organizations accelerate innovation, solve persistent problems, and grow competitive advantages with greater assurance and speed.

Plainsight and Connection Launch AI Alliance To Bring Computer Vision To Enterprises Across Industries

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MERRIMACK, N.H.--( BUSINESS WIRE )--PC Connection, Inc. (“Connection”) (NASDAQ: CNXN), a leading information technology solutions provider to business, government, and education markets, today announced that its Board of Directors declared a special cash dividend of $0.34 per share payable on December 23, 2022, to shareholders of record at the close of business on December 5, 2022. The aggregate amount of the special dividend payment will be approximately $8.9 million based on the current number of shares outstanding.

Connection (CNXN) Announces a Special Dividend to Shareholders and Increase to Share Repurchase Program

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PC Connection (CNXN)'s Technical Outlook is Bright After Key Golden Cross

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Forecast: PC Connection Stock's Price Could Soon Outgain 3,209 Others

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Mickey Bland Joins Connection Enterprise Solutions Group as President

Connection Announces Winners of 2022 IT Superhero Awards

PC Connection, Inc. (NASDAQ:CNXN ) Q3 2022 Earnings Conference Call November 3, 2022 4:30 PM ET Company Participants Timothy McGrath - President and CEO Thomas Baker - SVP and CFO Conference Call Participants Adam Tindle - Raymond James Anthony Lebiedzinski - Sidoti Operator Good afternoon, and welcome to the Third Quarter 2022 Connection Earnings Conference Call. My name is Justin, and I will be the coordinator for today.

PC Connection, Inc. (CNXN) Q3 2022 Earnings Call Transcript

PC Connection (CNXN) delivered earnings and revenue surprises of 11.39% and 4.73%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for PC Connection Stock (CNXN)