Pc Connection Inc

CNXN

Equity

ISIN US69318J1007 / Valor 859255

NASDAQ (2025-04-01)

USD 63.10+1.09%

Pc Connection Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

PC Connection Inc. is a provider of information technology solutions, offering a wide range of products and services including computer systems, software, and technical support to businesses, government agencies, and educational institutions.

Summarized from source with an LLMView SourceSector: Consumer Services

Net Sales Growth

In the third quarter of 2024, Pc Connection Inc reported net sales of $724.7 million, marking a 4.6% increase compared to the same period in the previous year. This growth reflects the company's ability to navigate a challenging IT environment and capitalize on market opportunities.

Profit and Earnings

Pc Connection Inc achieved a net income of $27.1 million for the third quarter of 2024, representing a 5.7% increase year-over-year. The company's diluted earnings per share also rose to $1.02, up from $0.97 in the third quarter of 2023, indicating improved profitability.

Segment Performance

The Public Sector Solutions segment of Pc Connection Inc saw a significant increase in net sales, rising by 18.7% to $175.1 million in the third quarter of 2024. This growth was driven by increased sales to federal, state, and local governments, as well as educational institutions.

Product Sales Mix

Notebook/mobility and desktop sales accounted for 46% of Pc Connection Inc's net sales in the third quarter of 2024, up from 42% in the previous year. This segment experienced a 17% year-over-year increase, highlighting strong demand for these products.

Dividend Announcement

Pc Connection Inc's Board of Directors declared a quarterly dividend of $0.10 per share for the third quarter of 2024. The dividend is scheduled for payment on November 29, 2024, to shareholders of record as of November 12, 2024, reflecting the company's commitment to returning value to its shareholders.

Summarized from source with an LLMView Source

Key figures

-3.71%1Y

16.2%3Y

63.0%5Y

Performance

30.5%1Y

29.9%3Y

33.9%5Y

Volatility