Pc Connection Inc Stock Price, News & Analysis

Connection (NASDAQ: CNXN) will announce its first quarter 2021 financial results on May 6, 2021, after market close. The management team will host a conference call at 4:30 p.m. ET to discuss the results. Investors can join the call by dialing the provided numbers or accessing it online through the company's investor relations website. Connection operates as a leading IT solutions provider across various sectors, offering extensive products and services, including custom-configured computer systems.

Connection (NASDAQ: CNXN) reported its Q4 2020 results, showing a 5.7% decline in net sales to $675.7 million year-over-year, attributed to COVID-19 impacts and supply chain issues. Net income dropped 25.8% to $16.3 million, or $0.62 per diluted share. Throughout 2020, the company faced an 8.1% revenue decline, totaling $2.6 billion. However, segments like SLED and manufacturing posted over 20% growth. The company anticipates continued momentum in 2021, particularly in mobility, security, and managed services.

Connection (NASDAQ: CNXN) is set to release its fourth quarter and full-year 2020 operating results on February 24, 2021, after market close. A conference call will follow at 4:30 p.m. ET, accessible via phone or webcast. The company, headquartered in Merrimack, NH, offers IT solutions to various sectors, delivering custom-configured computer systems from its certified facility. With over 2,500 technical certifications, Connection aims to address complex customer needs and services international clients through its GlobalServe subsidiary.

Connection (NASDAQ: CNXN) has declared a special cash dividend of $.32 per share, totaling approximately $8.4 million, payable on January 29, 2021. Shareholders of record as of January 12, 2021 will benefit from this dividend. The board emphasized that future dividends will depend on the company’s financial health and market conditions. Timothy McGrath, CEO, highlighted the company’s robust balance sheet throughout 2020, reinforcing their commitment to returning cash to shareholders.

Connection (NASDAQ: CNXN), a prominent IT solutions provider, has received a Supplier Legacy Award from Premier Inc. for its exceptional service and support to healthcare alliance members. Since 2002, Connection has helped lower supply chain costs and boost operational efficiency during challenging times. CEO Tim McGrath emphasized the company's commitment to understanding and meeting the unique needs of healthcare customers. The award underscores Connection's dedication to advancing clinical excellence and optimizing costs for its partners.

Connection (NASDAQ: CNXN), a leading provider of IT solutions, will announce its Q3 2020 operating results on November 9, 2020, after market close. Management will discuss these results in a conference call at 4:30 p.m. ET. Investors can listen to the call via phone at 877-776-4016 (US) or 973-638-3231 (International) or through a live webcast available on their investor relations website.

Connection specializes in delivering IT products and services tailored for business, government, and education sectors, ensuring high-quality solutions for their diverse clientele.

Connection (NASDAQ: CNXN) has received the Pro Patria Award from the Employer Support of the Guard and Reserve (ESGR), recognizing its exceptional support for Guard and Reserve employees. This annual award acknowledges employers who adopt policies aiding military service members. The award was presented during an online ceremony attended by government officials, including New Hampshire Governor Chris Sununu. Connection has established a program to assist these members with resume building, interview preparation, and hiring initiatives, showcasing its commitment to supporting military employees.