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About PC Connection, Inc. (CNXN)
PC Connection, Inc., operating under the brand name Connection, is a leading provider of comprehensive IT solutions designed to empower organizations across diverse sectors, including business, government, healthcare, and education. Established in 1982, the company has built a reputation for delivering innovative technology solutions that drive growth, enhance productivity, and foster innovation. With a customer-centric approach, Connection combines advanced technology, expert guidance, and exceptional service to address complex IT challenges and optimize technology investments.
Core Business Areas
Connection operates through three primary business segments:
- Business Solutions: Tailored IT products and services for commercial enterprises, enabling them to enhance operational efficiency and achieve strategic goals.
- Public Sector Solutions: Specialized offerings for government agencies, educational institutions, and healthcare organizations, addressing unique regulatory and operational requirements.
- Global Procurement Services: Comprehensive procurement solutions leveraging a network of over 500 suppliers across 174 countries, ensuring seamless access to cutting-edge technology worldwide.
Revenue Model
PC Connection generates revenue through a mix of direct sales, managed IT services, and global procurement solutions. The company’s highly trained account managers and on-staff experts provide personalized guidance to customers, ensuring that they receive the most effective technology solutions for their needs. Additionally, the company’s efficient e-commerce platforms streamline the procurement process, offering customers a seamless and scalable purchasing experience.
Industry Context and Market Position
The IT solutions industry is characterized by rapid technological advancements and increasing demand for digital transformation across sectors. Connection has positioned itself as a trusted partner in this landscape by emphasizing expertise, reliability, and customer-centric innovation. Recognized twice by Forbes as one of “America’s Most Trustworthy Companies,” the company has demonstrated a strong commitment to ethical business practices and long-term customer relationships. Its ability to adapt to evolving technology trends and deliver value-driven solutions has solidified its standing as a key player in the IT services market.
Competitive Differentiation
Connection sets itself apart from competitors through its unique combination of:
- Expertise: A team of highly trained professionals who provide tailored IT guidance and support.
- Global Reach: An extensive supplier network spanning 174 countries, enabling seamless global procurement.
- Customer-Centric Approach: A commitment to delivering exceptional service and maximizing the value of IT investments.
- Trustworthiness: A proven track record of ethical business practices and customer satisfaction.
Values and Vision
At its core, Connection is driven by a set of values that emphasize respect, collaboration, and a shared vision for success. The company is dedicated to inspiring growth and delivering measurable value to its customers by aligning IT investments with strategic objectives. Through its innovative solutions and customer-first philosophy, Connection continues to empower organizations to navigate the complexities of the digital age.
Conclusion
PC Connection, Inc. (CNXN) is a trusted IT solutions provider with a proven ability to deliver advanced technology solutions that meet the evolving needs of its diverse customer base. By combining expertise, innovation, and a global procurement network, the company is well-positioned to address the challenges of the modern IT landscape and drive long-term value for its stakeholders.
Connection (NASDAQ: CNXN) announces an updated dial-in number for its Q1 2021 financial results conference call scheduled for May 6th at 4:30 p.m. ET. Investors can listen in by calling 866-436-9172 (US) or 630-691-2760 (International) and entering confirmation number 50157917. The company offers a wide range of IT solutions to various sectors including business, government, and education.
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.
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