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.
Net sales increased by 15.1% year-over-year to $751.4 million.
Net income increased by 18.4% year-over-year to $20.0 million.
Diluted EPS increased by 18.1% year-over-year to $0.76.
Business Solutions segment net sales increased by 21.8% to $281.4 million.
The strong financial performance, while affected by on-going supply chain shortages, is expected to continue into fourth quarter
Visualization of income flow from segment revenue to net income
Analyze how earnings announcements historically affect stock price performance