Connection (CNXN) announced its fourth quarter and full year 2025 financial results. For Q4 2025, net sales were $702.9 million, a slight decrease of 0.8% year-over-year, while gross profit increased by 4.5% to $135.6 million. Diluted EPS was $0.82, up from $0.78 in Q4 2024, and adjusted diluted EPS reached $0.91. For the full year 2025, net sales grew by 2.5% to $2.9 billion, and gross profit increased by 3.8% to $539.3 million. The company also declared a quarterly dividend of $0.20 per share and approved a $50.0 million increase to its share repurchase program.
PC Connection reported a slight decrease in net sales by 2.2% year-over-year to $709.1 million, but achieved a record gross profit of $138.6 million, up 2.4% from the prior year. Net income decreased by 8.6% to $24.7 million, resulting in a diluted EPS of $0.97, down from $1.02 in the same quarter last year. Adjusted diluted EPS remained flat at $0.97.
PC Connection achieved its fifth consecutive quarter of year-over-year net sales growth, reaching $759.7 million, an increase of 3.2%. Despite this, net income decreased by 5.2% to $24.8 million, and diluted EPS fell to $0.97 from $0.99 in the prior year, primarily due to a decrease in gross margin.
Connection reported a strong first quarter in 2025 with net sales increasing by 10.9% year-over-year to $701.0 million. Net income also saw a modest increase of 2.5% to $13.5 million, resulting in diluted EPS of $0.51. Adjusted diluted EPS grew by 20% to $0.60, indicating improved profitability. The company also increased its share repurchase program by $50 million.
Connection (CNXN) announced its fourth quarter and full year 2024 results. For Q4 2024, net sales increased by 1.8% to $708.9 million, but net income decreased by 12.9% to $20.7 million, and diluted EPS fell to $0.78. Gross profit remained flat year-over-year. The company also declared a quarterly dividend of $0.15 per share.
Connection reported a 4.6% increase in net sales to $724.7 million and a 5.7% increase in net income to $27.1 million, resulting in a diluted EPS of $1.02. The company's focus on working capital and operational efficiencies enabled investments in AI readiness, technical sales, and customer engagements.
Connection (PC Connection, Inc.) reported a slight increase in net sales and a significant increase in net income for the second quarter of 2024. Net sales increased by 0.4% year-over-year, while net income increased by 32.8%. Diluted EPS was $0.99, compared to $0.75 in the prior year quarter.
PC Connection reported a decrease in net sales and net income for the first quarter of 2024 compared to the previous year, while gross margin improved. Customers delayed I-T capital spending due to the macroeconomic backdrop and their on-going evaluation of A-I implementation strategies.
Connection (PC Connection, Inc.) reported a 4.9% decrease in net sales but a 26.3% increase in net income for Q4 2023. Diluted EPS also increased by 26.3%. The company's board of directors increased the quarterly dividend by 25%.
Connection reported a decrease in net sales by 10.6% year-over-year, but net income increased by 10.3% and diluted EPS increased by 10.4% to $0.97. Gross margin expanded to a record 19.0% due to improved mix of advanced technologies and integrated solutions.
Connection reported a decrease in net sales by 11.5% year-over-year, but gross margin expanded by 90 basis points to 17.4%. Net income decreased by 22.4% to $19.7 million, with diluted EPS down 22.3% to $0.75 and adjusted EPS down 17.2% to $0.80.
Connection (PC Connection, Inc.) reported a decrease in net sales by 7.7% year-over-year to $727.5 million for Q1 2023. Net income also decreased by 34.8% to $14.2 million, with diluted EPS down 34.9% to $0.54. Adjusted EPS decreased by 31.9% to $0.56. Despite overall declines, the company saw growth in software, security, and networking solutions, leading to a record first-quarter gross margin.
Connection reported a decrease in net sales and net income for Q4 2022, while gross margin increased. Despite Q4 headwinds, the company achieved record full-year results.
Connection reported a strong third quarter with a 3.2% increase in net sales and a 13.2% increase in gross profit compared to the prior year. The company's gross margin expanded to a record 17.6%, and net income rose by 15.8%.
Connection reported record results for Q2 2022, with net sales reaching $828.5 million, a 17.7% increase year-over-year, and net income increasing by 46.9% to $25.4 million, or $0.96 per diluted share.
Connection reported a strong first quarter in 2022 with net sales increasing by 23.8% year-over-year to $788.3 million and net income increasing by 114.0% to $21.8 million, or $0.83 per diluted share.
Connection (PC Connection, Inc.) reported strong Q4 2021 results, with net sales increasing by 18.4% year-over-year to $800.2 million and net income increasing by 37.4% to $22.4 million, or $0.85 per diluted share. The company's performance was driven by strong growth in the Enterprise and Business Solutions segments, and was significantly impacted by the ongoing needs of customers to work-from-anywhere.
Connection reported a strong third quarter with net sales increasing by 15.1% to $751.4 million and net income increasing by 18.4% to $20.0 million, or $0.76 per diluted share. The results were affected by on-going supply chain shortages and are expected to continue into the fourth quarter.
PC Connection reported a robust second quarter in 2021, with a 28% increase in net sales to $704.2 million and a 126.3% surge in net income to $17.3 million. The company's diluted EPS also saw a substantial rise, reaching $0.66, reflecting strong performance across its business segments despite supply chain disruptions.
Connection's first quarter 2021 results were impacted by pandemic-driven supply chain disruptions, leading to a decrease in net sales and net income compared to the prior year quarter. While demand remained solid across all business segments, revenue decreased by 10.5% to $636.9 million, and net income decreased by 31.6% to $10.2 million.
PC Connection reported a decrease in net sales by 5.7% to $675.7 million and a decrease in net income by 25.8% to $16.3 million, or $0.62 per diluted share, compared to the prior year quarter. The reduction in revenue year over year is primarily due to the continuing impact of the COVID-19 pandemic in Enterprise and supply chain constraints.
Connection reported a decrease in net sales by 10.5% to $652.8 million and a decrease in net income by 28.7% to $16.9 million, or $0.64 per diluted share, compared to the prior year quarter.
Connection's Q2 2020 results were adversely affected by the COVID-19 pandemic and the deployment of a new ERP system, leading to a decrease in revenue and net income. Net sales decreased by 25.8% to $550.0 million, and net income decreased by 67.7% to $7.6 million, or $0.29 per diluted share.
Connection reported a strong first quarter with a 12.5% increase in net sales and a 17.0% increase in net income compared to the prior year quarter. The company achieved record Q1 revenue, gross profit, gross margin, net income, and earnings per share.
Connection (PC Connection, Inc.) reported a 1.0% increase in net sales to $716.6 million for the quarter ended December 31, 2019, compared to $709.5 million for the prior year quarter. Net income increased by 3.1% to $22.0 million, or $0.83 per diluted share, compared to net income of $21.3 million, or $0.80 per diluted share, for the prior year quarter.