Welcome to our dedicated page for Pc Connection news (Ticker: CNXN), a resource for investors and traders seeking the latest updates and insights on Pc Connection stock.
Connection (PC Connection, Inc.; NASDAQ: CNXN) is an information technology solutions provider to business, government, healthcare, and education markets. As a Fortune 1000 company headquartered in Merrimack, New Hampshire, it operates through its Connection Business Solutions, Connection Enterprise Solutions, and Connection Public Sector Solutions segments, supplying IT products and services across the United States and to international customers through its GlobalServe subsidiary.
This news page for CNXN brings together company-issued updates and market-moving announcements. Readers can follow quarterly earnings results, segment performance for Business Solutions, Enterprise Solutions, and Public Sector Solutions, and commentary on trends in areas such as data center modernization, digital workplace solutions, cloud, software, and security offerings. The company’s releases often include details on product mix across notebooks and mobility, desktops, software, servers and storage, networking, accessories, and other hardware and services.
In addition to financial results and dividend declarations, Connection’s news flow features information on strategic partnerships and recognitions. Examples include announcements about Microsoft Security Specializations, Microsoft Solutions Partner designations, and the company’s internal initiatives like the CNXN Helix Center for Applied AI and Robotics. The news stream also covers Connection’s IT Superhero Awards program, which recognizes outstanding IT professionals and highlights the company’s engagement with the broader technology community and charitable organizations through Connection Cares.
Investors, customers, and analysts can use this CNXN news feed to monitor how Connection communicates its operating performance, capital allocation decisions such as share repurchases and dividends, and developments in its solution capabilities and partner ecosystem. Bookmark this page to access a consolidated view of Connection’s latest press releases and official announcements as they are reported.
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.
Connection (CNXN) reported strong Q3 2024 results with net sales of $724.7 million, up 4.6% year-over-year. The company achieved record net income of $27.1 million, a 5.7% increase, resulting in diluted EPS of $1.02 compared to $0.97 in the prior year. Gross profit rose 2.7% to $135.4 million, though gross margin decreased 30 basis points to 18.7%. Notable segment performance included Public Sector Solutions growing 18.7% and Enterprise Solutions increasing 7.4%, while Business Solutions declined 6.1%. The Board declared a quarterly dividend of $0.10 per share, payable November 29, 2024.
PC Connection, Inc. (NASDAQ: CNXN), a leading IT solutions provider, has announced the release date for its third quarter 2024 operating results. The company will disclose its financial performance after market close on Wednesday, October 30, 2024. Following the release, management will host a quarterly conference call at 4:30 p.m. EDT to review the results.
Interested participants can join the call via telephone by registering to receive dial-in information and a unique PIN. Additionally, a live webcast of the conference call will be accessible through the investor relations section of the company's website at https://ir.connection.com. Replays of the call will also be available on the same platform for those unable to attend the live event.
Connection (NASDAQ: CNXN) announced the winners of its fourth annual IT Superhero Awards at the Connection Technology Summit in Boston. The 2024 individual category winners are:
- Best Team Leader: David Lockstein, Watertown Unified School District, Wisconsin
- Best Rookie: Bryce Bonilla, Manufacturing Sciences , Tennessee
- Best Catch: Jack Mincks, Spokane R-7 School District, Missouri
- Most Unshakeable: Ashley Hanovich, First State Bank, Michigan
- Best Superpower: Susan Chandler, Jasper City Schools, Alabama
Susan Chandler was also named the 2024 Ultimate IT Superhero Award winner. Connection made donations to charities chosen by the winners, supporting NCWIT and Feeding America. Nominations for the 2025 IT Superhero Awards are now open to IT professionals nationwide.
Connection (NASDAQ: CNXN), a leading IT solutions provider, has been named one of America's Best Mid-Size Companies by TIME Magazine. The recognition is based on employee satisfaction, revenue growth, and sustainability transparency. The 2024 ranking considered U.S. companies with annual revenues between $100 million and $10 billion.
Key evaluation criteria included:
- Employee satisfaction data from surveys
- Revenue growth from internal databases
- ESG data on environmental, social, and corporate governance
CEO Tim McGrath expressed pride in the company's recognition, highlighting their 40+ years of industry leadership and commitment to customer service, innovation, and ESG initiatives. The complete list is available on TIME's website.
Connection (CNXN) reported strong Q2 2024 results, achieving record net income and earnings per share. Net sales increased 0.4% year-over-year to $736.5 million, while gross profit rose 6.9% to $136.5 million. Net income surged 32.8% to $26.2 million, with diluted EPS reaching $0.99, up from $0.75 in the prior year quarter. The company's gross margin expanded 112 basis points to 18.5%.
Performance varied across segments, with Business Solutions and Enterprise Solutions showing growth, while Public Sector Solutions experienced a decline. The company's product mix saw increases in notebook/mobility, desktop, software, and server/storage sales, offset by decreases in networking and accessories. Connection also declared a quarterly dividend of $0.10 per share.