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.
Net sales increased by 12.5% year-over-year to $711.9 million.
Net income increased by 17.0% year-over-year to $14.9 million, or $0.56 per diluted share.
Gross profit increased by 13.9% year-over-year to $113.1 million.
The Global pandemic generated increased demand for products and services.
The company noted that the pandemic has created a period of uncertainty as to the near-term demand for their products and services.
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