Pc Connection Inc Stock Price, News & Analysis

Connection (NASDAQ: CNXN) has been awarded Intel's 2025 Partner of the Year award for AI PC, recognizing their excellence in technology innovation and marketing strategies. The company has demonstrated strong performance in AI PC sales and solutions expertise through their CNXN Helix Center for Applied AI and Robotics and Technology Integration and Distribution Center.

CEO Tim McGrath emphasized the company's focus on capturing market share during the PC refresh cycle by providing embedded AI devices along with comprehensive solutions and services. The recognition from Intel, delivered by Greg Ernst, Corporate VP of Sales and Marketing, highlights Connection's role in delivering innovative solutions to customers across business, government, healthcare, and education markets.

Connection (CNXN) reported strong Q1 2025 results with net sales reaching $701.0 million, up 10.9% year-over-year. The company's net income increased 2.5% to $13.5 million, with diluted EPS of $0.51. Adjusted EPS rose to $0.60.

Key highlights include a quarterly dividend of $0.15 per share and a $50 million increase to the share repurchase program. The company saw double-digit growth in digital workplace solutions and datacenter modernization. Notebook/mobility and desktop sales grew 21%, representing 50% of net sales.

Segment performance varied, with Public Sector Solutions showing remarkable growth of 54.7%, Business Solutions up 1.0%, and Enterprise Solutions increasing 5.4%. The company maintained strong liquidity with $340.3 million in cash and short-term investments as of March 31, 2025.

Connection (NASDAQ: CNXN), a leading IT solutions provider serving business, government, healthcare, and education markets, has announced it will release its Q1 2025 operating results after market close on Wednesday, April 30, 2025.

The company will host a quarterly conference call at 4:30 p.m. EDT on the same day to discuss the results. Interested participants can register to receive dial-in information and a unique PIN for telephone access. Additionally, the conference call will be available via live webcast through the investor relations section of Connection's website.

Connection (NASDAQ: CNXN), a leading IT solutions provider, has received two prestigious awards from HP Inc. at the HP AMPLIFY Conference in Nashville. The company was honored as the HP U.S. Commercial Supplies Partner of the Year and HP U.S. Print Hardware NSP of the Year.

These awards recognize Connection's outstanding performance, growth, and collaboration in the HP partnership ecosystem. Tim McGrath, President and CEO of Connection, emphasized the company's commitment to their longstanding partnership with HP and their focus on customer service. The recognition underscores Connection's dedication to providing innovative technology solutions that enhance productivity and value across business, government, healthcare, and education markets.

Connection (NASDAQ: CNXN) has been named to the Forbes America's Best Midsize Employers list for the third consecutive year. This recognition highlights the company's success in maintaining a supportive and engaging work environment for its employees in the information technology solutions sector.

The prestigious ranking is based on an independent survey of over 217,000 U.S. employees from companies with at least 1,000 workers nationwide. The evaluation criteria included key dimensions such as Atmosphere & Development, Salary & Wage, Company Image, Diversity, Working Conditions, and Workplace Environment.

Tim McGrath, President and CEO, emphasized the company's commitment to employee empowerment and continued investment in their workforce. The Forbes America's Best Employers ranking, now in its tenth year, recognizes organizations that excel in creating environments where employees can thrive.

Connection (CNXN) reported mixed Q4 2024 results with net sales increasing 1.8% to $708.9 million, while net income decreased 12.9% to $20.7 million. Q4 diluted EPS was $0.78, down from $0.90 year-over-year. For full-year 2024, despite a 1.7% decrease in net sales to $2.8 billion, the company achieved record gross margins of 18.6% and a 4.6% increase in net income to $87.1 million.

By segment, Business Solutions saw a 3.7% decrease in sales, Public Sector Solutions grew 42.9%, and Enterprise Solutions declined 6.4%. The company declared a quarterly dividend of $0.15 per share, payable March 14, 2025. Cash position strengthened to $442.6 million, up from $297.2 million year-over-year.

PC Connection (NASDAQ: CNXN), a leading information technology solutions provider serving business, government, healthcare, and education markets, has announced it will release its fourth quarter and full-year 2024 operating results after market close on Wednesday, February 5, 2025.

The company will host a conference call at 4:30 p.m. EST on the same day, where management will review the results. Interested participants can register to receive dial-in information and a unique PIN for telephone access. Additionally, the conference call will be available via live webcast through the investor relations section of Connection's website, with replay options available.

Connection (NASDAQ: CNXN) announced that its CNXN Helix Center for Applied AI and Robotics has won first place in the Naval Information Warfare Center (NIWC) Atlantic Palmetto Tech Bridge's prize challenge. The competition sought generative AI and machine learning solutions for secure Navy applications.

The winning concept demonstrates a secure, pre-configured environment supporting both experimentation and operational use by non-AI/ML experts. The platform operates as an air-gapped AI environment, offering a flexible, scalable solution for mission-critical operations. It incorporates custom and commercial components with industry-standard best practices for data security, isolation, and confidential computing.

The challenge is part of the U.S. Government's initiative to recognize achievements in research, technology development, and prototype development. Connection will participate in additional follow-on acquisition opportunities.

Connection (NASDAQ: CNXN) has been named to Newsweek's 2024 list of World's Most Trustworthy Companies. The recognition highlights the company's success in building trust among customers, investors, and employees. The award, presented in partnership with Statista Inc., was based on an extensive survey involving over 70,000 participants and 230,000 evaluations, along with analysis of social platform mentions.

Tim McGrath, President and CEO, emphasized trust as an integral part of Connection's culture, highlighting the company's commitment to maintaining the confidence of stakeholders through exceptional service, support, and integrity.