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.
Net sales increased by 10.9% year-over-year to $701.0 million, driven by strong demand for technology solutions.
Gross profit grew by 7.8% to $127.3 million, although gross margin slightly decreased by 50 basis points to 18.2%.
Adjusted diluted EPS increased by 20% to $0.60, reflecting improved profitability despite higher SG&A expenses.
The Board of Directors approved a $50.0 million increase to the share repurchase program, bringing the total authorized amount to $170 million.
The company did not provide specific forward-looking financial guidance in this report. However, it highlighted factors that could influence future performance.
Visualization of income flow from segment revenue to net income
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