Connection (CNXN) Reports Third Quarter 2024 Results

Rhea-AI Impact

(Moderate)

Rhea-AI Sentiment

(Negative)

Insights

Connection's Q3 2024 results demonstrate steady growth with $724.7M in net sales (4.6% YoY increase) and $27.1M in net income (5.7% YoY increase). Notable strengths include Public Sector Solutions segment's 18.7% growth and robust notebook/mobility sales up 17%. The $429.1M cash position shows strong liquidity, up significantly from $289.4M last year.

The slight margin compression (30 basis points decline) and increased SG&A expenses reflect strategic investments in AI readiness and technical capabilities. The $0.10 quarterly dividend and ongoing share repurchases ($3.9M in Q3) signal management's confidence in financial stability. The diverse revenue streams across business, public sector and enterprise solutions provide resilience in a challenging IT environment.

The product mix shift reveals important industry trends, with notebook/mobility solutions now representing 46% of sales, up from 42%. The 11% growth in software sales indicates increasing demand for digital transformation solutions. However, the 32% decline in networking sales and 13% drop in servers/storage suggests a continued migration toward cloud-based solutions.

The company's investment in AI readiness positions it well for the evolving technology landscape. The focus on technical sales and customer engagement demonstrates adaptation to changing IT consumption patterns, particularly important as organizations balance on-premise and cloud deployments.

10/30/2024 - 04:05 PM

THIRD QUARTER SUMMARY:

Net sales: $724.7 million, increase of 4.6% y/y
Gross profit: $135.4 million, increase of 2.7% y/y
Gross margin: 18.7%, decrease of 30 basis points y/y
Net income: $27.1 million, increase of 5.7% y/y
Diluted EPS: $1.02, compared to $0.97 y/y

MERRIMACK, N.H.--(BUSINESS WIRE)-- Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the third quarter ended September 30, 2024. The Company also announced that its Board of Directors declared a quarterly dividend of $0.10 per share of the Company’s common stock. Payment will be made on November 29, 2024, to shareholders of record on November 12, 2024.

“Connection achieved record net income and earnings per share of $1.02 cents for the third quarter of 2024, in a challenging IT environment. Our focus on working capital and operational efficiencies enabled us to invest in AI readiness, technical sales and customer engagements,” said Timothy McGrath, President and Chief Executive Officer of Connection. He continued, “This will position us well for the shifting dynamics of how customers deploy, utilize, and consume technology.”

Third Quarter of 2024 Results:

Net sales for the quarter ended September 30, 2024 increased by 4.6%, year over year. Gross profit increased 2.7% while gross margin decreased 30 basis points to 18.7%, compared to the prior year quarter. Net income for the quarter ended September 30, 2024 increased by 5.7% to $27.1 million, or $1.02 per diluted share, compared to net income of $25.6 million, or $0.97 per diluted share, for the prior year quarter. Adjusted Diluted Earnings per Share¹ remained at $0.97 per share for both the quarter ended September 30, 2024 and September 30, 2023.

Performance by Segment:

Net sales for the Business Solutions segment decreased by 6.1% to $252.6 million in the third quarter of 2024, compared to $269.0 million in the prior year quarter. Gross profit increased by 0.7% to $63.1 million in the third quarter of 2024, compared to $62.7 million in the prior year quarter. Gross margin increased by 170 basis points to 25.0% for the third quarter of 2024.
Net sales for the Public Sector Solutions segment increased by 18.7% to $175.1 million in the third quarter of 2024, compared to $147.5 million in the prior year quarter. Sales to the federal government increased by $25.6 million, while sales to state and local governments and educational institutions increased by $2.0 million, compared to the prior year quarter. Gross profit increased by 4.4% to $26.1 million in the third quarter of 2024, compared to $25.0 million in the prior year quarter. Gross margin decreased by 200 basis points to 14.9% for the third quarter of 2024.
Net sales for the Enterprise Solutions segment increased by 7.4% to $297.0 million in the third quarter of 2024, compared to $276.6 million in the prior year quarter. Gross profit increased by 4.4% to $46.2 million in the third quarter of 2024, compared to $44.2 million in the prior year quarter. Gross margin decreased by 40 basis points to 15.6% for the third quarter of 2024.

Sales by Product Mix:

Notebook/mobility and desktop sales increased by 17% year over year and accounted for 46% of net sales in the third quarter of 2024, compared to 42% of net sales in the third quarter of 2023.
Software sales increased by 11% year over year and accounted for 12% of net sales in the third quarter of 2024, compared to 11% of net sales in the third quarter of 2023.
Servers/storage sales decreased by 13% year over year and accounted for 6% of net sales in the third quarter of 2024, compared to 7% of net sales in the third quarter of 2023.
Networking sales decreased by 32% year over year and accounted for 8% of net sales in the third quarter of 2024, compared to 12% of net sales in the third quarter of 2023.
Accessories sales increased by 12% year over year and accounted for 11% of net sales in the third quarter of 2024, compared to 10% of net sales in the third quarter of 2023.

Selling, general and administrative (“SG&A”) expenses increased in the third quarter of 2024 to $105.4 million from $99.8 million in the prior year quarter. SG&A as a percentage of net sales increased to 14.5%, compared to 14.4% in the prior year quarter. The increase in SG&A was driven by an increase in investments in resources designed to strengthen our sales, technical sales and services capabilities. In addition, we spent an incremental $1.5 million dollars on targeted technical marketing events for our customers.

Interest income in the third quarter of 2024 was $4.9 million, compared to $2.7 million in the third quarter of 2023. Included in other income is $1.7 million related to a legal settlement received in the quarter.

Cash and cash equivalents and short-term investments were $429.1 million as of September 30, 2024, compared to $289.4 million as of September 30, 2023. During the third quarter of 2024, the Company repurchased 59,192 shares of stock at an aggregate purchase price of $3.9 million.

Nine Months of 2024 Results:

Net sales for the nine months ended September 30, 2024 decreased by 2.8%, compared to the nine months ended September 30, 2023. Gross profit increased 2.1% while gross margin expanded 90 basis points to 18.6%, compared to the nine months ended September 30, 2023. Net income for the nine months ended September 30, 2024 increased by 11.6% to $66.4 million, or $2.50 per diluted share, compared to net income of $59.5 million, or $2.25 per diluted share, for the nine months ended September 30, 2023. Adjusted Diluted Earnings per Share¹ increased to $2.47 per share for the nine months ended September 30, 2024, compared to $2.33 per share for the nine months ended September 30, 2023.

Earnings before interest, taxes, depreciation and amortization, adjusted for stock-based compensation expense, restructuring and other charges and non-routine legal settlements (“Adjusted EBITDA”)¹ increased 2% to $123.6 million for the twelve months ended September 30, 2024, compared to $121.3 million for the twelve months ended September 30, 2023.

_________________________

¹ Adjusted EBITDA and Adjusted Diluted Earnings per Share are non-GAAP measures. See pages 9 and 10 for definitions and reconciliations of these measures.

Conference Call and Webcast

Connection will host a conference call and live web cast today, October 30, 2024 at 4:30 p.m. EDT to discuss its third quarter financial results. For participants who would like to participate via telephone, please register here to receive the dial-in number along with a unique PIN number that is required to access the call. A web-cast of the conference call, which will be broadcast live via the Internet, and a copy of this press release, can be accessed on Connection’s website at ir.connection.com. For those unable to participate in the live call, a replay of the webcast will be available at ir.connection.com approximately 90 minutes after the completion of the call and will be accessible on the site for approximately one year.

Non-GAAP Financial Information

EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted Earnings per Share are non-GAAP financial measures. These measures are included to provide additional information with respect to the Company’s operating performance and earnings. Non-GAAP measures are not a substitute for GAAP measures and should be considered together with the GAAP financial measures. Our non-GAAP financial measures may not be comparable to similarly titled measures of other companies. Definitions for each Non-GAAP measure and a reconciliation to their most directly comparable GAAP measures are available in the tables at the end of this release.

About Connection

PC Connection, Inc. and its subsidiaries, dba Connection, (www.connection.com; NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at http://ir.connection.com.

Connection–Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 460,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at www.connection.com.

Connection–Enterprise Solutions (561.237.3300), www.connection.com/enterprise, provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and real-time access to over 460,000 products and 2,500 vendors through MarkITplace^®, a proprietary next-generation, cloud-based supply chain solution. The team’s engineers, software licensing specialists, and subject matter experts help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle.

Connection–Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at www.connection.com/publicsector.

Cautionary Note Regarding Forward-Looking Statements

This earnings release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and include statements concerning, among other things, our future financial results, business plans (including statements regarding new products and services we may offer and future expenditures, costs and investments), liabilities, impairment charges, competition and the expected impact of current macroeconomic conditions on our businesses and results of operations. You can generally identify forward-looking statements by words such as “believe,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “may,” “should,” “will,” or similar statements or variations of such terms, although not all forward-looking statements include such terms. These statements reflect our current views and are based on assumptions as of the date of this report. Such assumptions are based upon internal estimates and other analysis of current market conditions and trends, management’s expectations, plans and strategies, economic conditions and other factors. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements.

Such differences may result from actions taken by us, including expense reduction or strategic initiatives (including reductions in force, capital investments and new or expanded product offerings or services), the execution of our business plans (including our inventory management, cost structure and management and other personnel decisions) or other business decisions, as well as from developments beyond our control, including;

substantial competition reducing our market share;
significant price competition reducing our profit margins;
the loss of any of our major vendors adversely affecting the number of type of products we may offer;
virtualization of information technology resources and applications, including networks, servers, applications, and data storage disrupting or altering our traditional distribution models;
service interruptions at fourth-partly shippers negatively impacting our ability to deliver the products we offer to our customers;
increases in shipping costs reducing our margins and adversely affecting our results of operations;
loss of key persons or the inability to attract, train and retain qualified personnel adversely affecting our ability to operate our business;
cyberattacks or the failure to safeguard personal information and our IT systems resulting in liability and harm to our reputation; and
macroeconomic factors facing the global economy, including disruptions in the capital markets, economic sanctions and economic slowdowns or recessions, rising inflation and changing interest rates reducing the level of investment our customers are willing to make in IT products.

Additional factors include those described in this Annual Report on Form 10-K for the year ended December 31, 2023, including under the captions “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and “Business,” in our subsequent quarterly reports on Form 10-Q, including under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and in the other subsequent filings we make with the Securities and Exchange Commission from time to time.

A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances. You should not place undue reliance on the forward-looking statements included in this release. We assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made except as required by law.

CONSOLIDATED SELECTED FINANCIAL INFORMATION

	At or for the Three Months Ended September 30,
	2024			2023			% Change
Operating Data:
Net sales (in thousands)	$	724,717		$	693,086		5	%
Diluted earnings per share	$	1.02		$	0.97		5	%

Gross margin		18.7	%		19.0	%
Operating margin		4.1	%		4.6	%

Inventory turns ⁽¹⁾		19			16
Days sales outstanding ⁽²⁾		67			71

		% of			% of
Product Mix:		Net Sales			Net Sales
Notebooks/Mobility		36	%		32	%
Software		12			11
Desktops		11			10
Accessories		11			10
Displays and Sound		10			10
Net/Com Products		8			12
Servers/Storage		6			7
Other Hardware/Services		6			8
Total Net Sales		100	%		100	%

Stock Performance Indicators:
Actual shares outstanding (in thousands)		26,289			26,272
Closing price	$	75.43		$	53.38
Market capitalization (in thousands)	$	1,982,979		$	1,402,399
Trailing price/earnings ratio		22.2			18.0
LTM Net Income (in thousands)	$	90,152		$	78,316
LTM Adjusted EBITDA ⁽³⁾ (in thousands)	$	123,591		$	121,268

(1)		Represents the annualized cost of goods sold for the period divided by the average inventory for the prior four-month period.
(2)		Represents the trade receivable at the end of the period divided by average daily net sales for the same three-month period.
(3)		LTM Adjusted EBITDA is a non-GAAP measure defined as EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted for stock-based compensation, restructuring and other charges and non-routine legal settlements for the last twelve months. See page 9 for a reconciliation.

REVENUE AND MARGIN INFORMATION

	For the Three Months Ended September 30,
	2024				2023
	Net		Gross		Net		Gross
(amounts in thousands)	Sales		Margin		Sales		Margin
Enterprise Solutions	$	296,970	15.6	%	$	276,566	16.0	%
Business Solutions		252,631	25.0			269,021	23.3
Public Sector Solutions		175,116	14.9			147,499	16.9
Total	$	724,717	18.7	%	$	693,086	19.0	%

CONDENSED CONSOLIDATED STATEMENTS OF INCOME


	Three Months Ended September 30,						Nine Months Ended September 30,
(amounts in thousands, except per share data)	2024			2023			2024			2023
Net sales	$	724,717		$	693,086		$	2,093,221		$	2,154,178
Cost of sales		589,311			561,198			1,703,201			1,772,217
Gross profit		135,406			131,888			390,020			381,961
Selling, general and administrative expenses		105,365			99,822			315,181			304,064
Restructuring and other charges		—			44			415			2,687
Income from operations		30,041			32,022			74,424			75,210
Interest income, net		4,837			2,688			14,053			5,848
Other income		1,700			—			1,700			—
Income before taxes		36,578			34,710			90,177			81,058
Income tax provision		(9,519	)		(9,112	)		(23,803	)		(21,565	)
Net income	$	27,059		$	25,598		$	66,374		$	59,493

Earnings per common share:
Basic	$	1.03		$	0.97		$	2.52		$	2.26
Diluted	$	1.02		$	0.97		$	2.50		$	2.25

Shares used in the computation of earnings per common share:
Basic		26,292			26,262			26,334			26,281
Diluted		26,501			26,434			26,518			26,406

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,			December 31,
(amounts in thousands)	2024			2023
ASSETS
Current Assets:
Cash and cash equivalents	$	167,511		$	144,954
Short-term investments		261,603			152,232
Accounts receivable, net		585,076			606,834
Inventories, net		113,691			124,179
Income taxes receivable		7,088			4,348
Prepaid expenses and other current assets		16,757			16,092
Total current assets		1,151,726			1,048,639
Property and equipment, net		53,255			56,658
Right-of-use assets, net		3,460			4,340
Goodwill		73,602			73,602
Intangibles assets, net		2,514			3,428
Other assets		1,188			1,714
Total Assets	$	1,285,745		$	1,188,381

LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable	$	293,158		$	263,682
Accrued payroll		28,131			20,440
Accrued expenses and other liabilities		46,164			43,843
Total current liabilities		367,453			327,965
Deferred income taxes		18,383			15,844
Operating lease liability		2,030			3,181
Other liabilities		517			624
Total Liabilities		388,383			347,614
Stockholders’ Equity:
Common stock		293			293
Additional paid-in capital		136,326			130,878
Retained earnings		819,372			760,898
Accumulated other comprehensive income		477			81
Treasury stock at cost		(59,106	)		(51,383	)
Total Stockholders’ Equity		897,362			840,767
Total Liabilities and Stockholders’ Equity	$	1,285,745		$	1,188,381

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


	Three Months Ended September 30,						Nine Months Ended September 30,
(amounts in thousands)	2024			2023			2024			2023
Cash Flows provided by Operating Activities:
Net income	$	27,059		$	25,598		$	66,374		$	59,493
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		3,279			3,289			9,818			9,456
Adjustments to credit losses reserve		420			567			830			1,814
Stock-based compensation expense		1,999			1,789			6,196			5,425
Deferred income taxes		811			—			2,434			—
Amortization of discount on short-term investments		1,191			—			(4,402	)		—
Loss on disposal of fixed assets		13			88			49			563
Changes in assets and liabilities:
Accounts receivable		13,330			4,499			20,928			20,869
Inventories		22,922			17,491			10,488			66,439
Prepaid expenses, income tax receivable, and other current assets		2,418			4,097			(3,405	)		(9,556	)
Other non-current assets		78			94			526			234
Accounts payable		(24,031	)		(12,936	)		29,141			31,648
Accrued expenses and other liabilities		3,455			5,644			9,643			(720	)
Net cash provided by operating activities		52,944			50,220			148,620			185,665
Cash Flows used in Investing Activities:
Purchases of short-term investments		(51,797	)		(48,699	)		(255,075	)		(48,699	)
Maturities of short-term investments		47,327			—			150,607			—
Purchases of property and equipment		(1,788	)		(2,495	)		(5,215	)		(7,355	)
Net cash used in investing activities		(6,258	)		(51,194	)		(109,683	)		(56,054	)
Cash Flows used in Financing Activities:
Proceeds from short-term borrowings		14,644			2,982			25,204			70,877
Repayment of short-term borrowings		(14,644	)		(2,982	)		(25,204	)		(70,877	)
Purchase of common stock for treasury shares		(4,119	)		—			(7,732	)		(5,392	)
Dividend payments		(2,629	)		(2,101	)		(7,900	)		(6,307	)
Issuance of stock under Employee Stock Purchase Plan		—			—			537			537
Payment of payroll taxes on stock-based compensation through shares withheld		(640	)		(399	)		(1,285	)		(870	)
Net cash used in financing activities		(7,388	)		(2,500	)		(16,380	)		(12,032	)
Increase in cash and cash equivalents		39,298			(3,474	)		22,557			117,579
Cash and cash equivalents, beginning of period		128,213			243,983			144,954			122,930
Cash and cash equivalents, end of period	$	167,511		$	240,509		$	167,511		$	240,509

Non-cash Investing and Financing Activities:
Accrued purchases of property and equipment	$	425		$	408		$	425		$	408
Accrued excise tax on treasury purchases	$	45		$	54		$	45		$	54
Supplemental Cash Flow Information:
Income taxes paid	$	6,587		$	6,841		$	24,533		$	34,251
Interest paid	$	3		$	1		$	5		$	19

EBITDA AND ADJUSTED EBITDA

A reconciliation from Net Income to EBITDA and Adjusted EBITDA is detailed below. Adjusted EBITDA is defined as EBITDA (defined as earnings before interest, taxes, depreciation and amortization) adjusted for stock-based compensation, restructuring and other charges and non-routine legal settlements. Both EBITDA and Adjusted EBITDA are considered non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company’s performance, financial position, or cash flows that either includes or excludes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. We believe that EBITDA and Adjusted EBITDA provide helpful information with respect to our operating performance including our ability to fund our future capital expenditures and working capital requirements. Adjusted EBITDA also provides helpful information as it is the primary measure used in certain financial covenants contained in our credit agreement. When analyzing our operating performance, investors should use EBITDA and Adjusted EBITDA in addition to, and not as alternatives for Net income or any other performance measure presented in accordance with GAAP. Our non-GAAP financial measures may not be comparable to other similar titled measures of other companies.


	Three Months Ended September 30,									LTM Ended September 30, ⁽¹⁾
(amounts in thousands)	2024			2023			% Change			2024			2023			% Change
Net income	$	27,059		$	25,598		6		%	$	90,152		$	78,316		15		%
Depreciation and amortization		3,279			3,289		(0	)			13,016			12,434		5
Income tax expense		9,519			9,112		4				32,081			27,414		17
Interest income		(4,888	)		(2,689	)	82				(18,230	)		(6,638	)	175
Interest expense		51			1		5,000				64			27		137
EBITDA		35,020			35,311		(1	)			117,083			111,553		5
Restructuring and other charges ⁽²⁾		—			44		(100	)			415			2,687		(85	)
Legal settlement ⁽³⁾		(1,700	)		—		100				(1,700	)		—		100
Stock-based compensation		1,999			1,789		12				7,793			7,028		11
Adjusted EBITDA	$	35,319		$	37,144		(5	)	%	$	123,591		$	121,268		2		%

(1)		LTM: Last twelve months
(2)		Restructuring and other charges in 2024 and 2023 consisted of severance and other charges related to internal restructuring activities.
(3)		The Company recorded $1.7 million of income in other income as a result of a legal settlement received.

ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE

A reconciliation from Net Income to Adjusted Net Income is detailed below. Adjusted Net Income is defined as Net Income plus restructuring and other charges, net of tax plus or minus loss or income from non-routine legal settlements. A reconciliation from Diluted Earnings per Share to Adjusted Diluted Earnings per Share is detailed below. Adjusted Diluted Earnings per Share is defined diluted earnings per share adjusted for restructuring and other charges, net of tax. Adjusted Net Income and Adjusted Diluted Earnings Per Share are considered non-GAAP financial measures (see note above in EBITDA and Adjusted EBITDA for a description of non-GAAP financial measures). The Company believes that Adjusted Net Income and Adjusted Diluted Earnings per Share provide helpful information with respect to the Company's operating performance. When analyzing our operating performance, investors should use Adjusted Net Income and Adjusted Diluted Earnings per Share in addition to, and not as alternatives for Net income and Diluted Earnings per Share or any other performance measure presented in accordance with GAAP. Our non-GAAP financial measures may not be comparable to other similar titled measures of other companies.


	Three Months Ended September 30,									Nine Months Ended September 30,
(amounts in thousands, except per share data)	2024			2023			% Change			2024			2023			% Change
Net income	$	27,059		$	25,598		6		%	$	66,374		$	59,493		12		%
Restructuring and other charges ⁽¹⁾		—			44		(100	)			415			2,687		(85	)
Legal settlement ⁽²⁾		(1,700	)		—		100				(1,700	)		—		100
Tax benefit		442			(12	)	(3,783	)			339			(715	)	(147	)
Adjusted Net Income	$	25,801		$	25,630		1		%	$	65,428		$	61,465		6		%
Diluted shares		26,501			26,434						26,518			26,406
Diluted Earnings per Share	$	1.02		$	0.97		5		%	$	2.50		$	2.25		11		%
Adjusted Diluted Earnings per Share	$	0.97		$	0.97		0		%	$	2.47		$	2.33		6		%

(1)		Restructuring and other charges in 2024 and 2023 consisted of severance and other charges related to internal restructuring activities.
(2)		The Company recorded $1.7 million of income in other income as a result of a legal settlement received.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241030632177/en/

Investor Relations:

Thomas Baker, 603.683.2505

Senior Vice President, CFO, and Treasurer

tom@connection.com

Source: Connection

FAQ

What was Connection's (CNXN) earnings per share in Q3 2024?

Connection reported diluted earnings per share of $1.02 in Q3 2024, compared to $0.97 in the same quarter last year.

How much did Connection's (CNXN) net sales grow in Q3 2024?

Connection's net sales grew 4.6% year-over-year to $724.7 million in Q3 2024.

What was Connection's (CNXN) quarterly dividend announced for Q3 2024?

Connection announced a quarterly dividend of $0.10 per share, payable on November 29, 2024, to shareholders of record on November 12, 2024.

How did Connection's (CNXN) Public Sector Solutions segment perform in Q3 2024?

The Public Sector Solutions segment increased sales by 18.7% to $175.1 million in Q3 2024, with federal government sales increasing by $25.6 million.

Connection (CNXN) Reports Third Quarter 2024 Results

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What was Connection's (CNXN) earnings per share in Q3 2024?

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Connection (CNXN) Reports Third Quarter 2024 Results

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What was Connection's (CNXN) earnings per share in Q3 2024?

How much did Connection's (CNXN) net sales grow in Q3 2024?

What was Connection's (CNXN) quarterly dividend announced for Q3 2024?

How did Connection's (CNXN) Public Sector Solutions segment perform in Q3 2024?

NASDAQ:CNXN

CNXN Rankings

CNXN Latest News

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