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PC Connection, Inc.

PC Connection, Inc.

NASDAQ•CNXN
CEO: Ms. Patricia Gallup
Sector: Technology
Industry: Technology Distributors
Listing Date: 1998-03-03
PC Connection, Inc., together with its subsidiaries, provides various information technology (IT) solutions worldwide. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT solutions, including computer systems, data center solutions, software and peripheral equipment, networking communications, and other products and accessories; and portfolio of managed services and professional services, as well as provides services related to design, configuration, and implementation of IT solutions. The company markets its products and services through its websites comprising connection.com, connection.com/enterprise, connection.com/publicsector, and macconnection.com. It serves small to medium-sized businesses that include small office/home office customers; federal, state, and local government and educational institutions; enterprise sutomers; medium-to-large sorporations through outbound inside and field sales; digital, web, and print media advertising; and targeted marketing program to specific customer populations. The company was founded in 1982 and is headquartered in Merrimack, New Hampshire.
Contact Information
730 Milford Road, Merrimack, NH, 03054-4631, United States
603-683-2000
www.connection.com
Market Cap
$1.52B
P/E (TTM)
18.2
17.4
Dividend Yield
1.0%
52W High
$75.08
52W Low
$54.97
52W Range
26%
Rank27Top 10.6%
5.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$709.07M-2.16%
4-Quarter Trend

EPS

$0.98-4.85%
4-Quarter Trend

FCF

$62.28M+21.74%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Sales Growth Nine Month Net Sales reached $2.170 B, reflecting a 3.7% increase compared to the prior year period.
Gross Margin Expansion Q3 Gross Margin improved to 19.6% from 18.7% due to favorable software sales mix recognition.
Strong Liquidity Position Cash and short-term investments total $399.2 M as of September 30, 2025, confirming strong liquidity.
Enterprise Segment Growth Enterprise Solutions sales increased $65.4 M, or 7.4%, for the nine months ended September 30 period.

Risk Factors

Quarterly Net Income Decline Q3 Net Income fell to $24.74 M from $27.06 M, primarily due to lower other income recorded.
Increased Cash Conversion Cycle Cash conversion cycle lengthened to 46 days from 40 days due to timing of receivables and payables.
Workforce Reduction Costs $2.9 M severance expenses incurred during nine months related to recent involuntary workforce reduction actions taken.
Public Sector Sales Drop Public Sector Solutions sales dropped $42.6 M, or 24.3%, in the third quarter compared to last year.

Outlook

IT Investment Focus Expect continued investment in IT solutions business requiring addition of highly skilled service engineers for growth.
Liquidity Sufficiency Confirmed Funds from operations and investments expected to finance requirements for at least the next twelve calendar months.
Credit Facility Expired Accounts receivable collateralized credit facility expired March 31, 2025; management elected not to renew or replace it.
Managing SG&A Expenses Primary challenge includes effectively controlling SG&A expenses while making major investments in IT systems personnel.

Peer Comparison

Revenue (TTM)

PC Connection, Inc.CNXN
$2.88B
+3.2%
NCR Voyix CorporationVYX
$2.65B
-14.4%
Lightspeed Commerce Inc.LSPD
$1.26B
+16.8%

Gross Margin (Latest Quarter)

TaskUs, Inc.TASK
129.8%
+90.0pp
Porch Group, Inc.PRCH
73.6%
+16.0pp
Flywire CorporationFLYW
63.9%
-1.3pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
PLAB$2.18B15.311.0%0.0%
VECO$1.84B29.97.6%20.6%
LASR$1.78B-41.2-20.2%10.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.0%
Moderate Growth
4Q Net Income CAGR
6.1%
Profitability Improving
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.86
|
Revenue:-
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 29, 2025|
    Revenue: $709.07M-2.2%
    |
    EPS: $0.98-4.9%
    Miss

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Jul 30, 2025|
    Revenue: $759.69M+3.2%
    |
    EPS: $0.98-1.0%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: Apr 30, 2025|
    Revenue: $701.05M+10.9%
    |
    EPS: $0.52+4.0%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 24, 2025|
    Revenue: $2.80B-1.7%
    |
    EPS: $3.31+4.4%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $724.72M+4.6%
    |
    EPS: $1.03+6.2%
    Meet

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Jul 31, 2024|
    Revenue: $736.48M+0.4%
    |
    EPS: $0.99+32.0%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $632.03M-13.1%
    |
    EPS: $0.50-7.4%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 7, 2024|
    Revenue: $2.85B-8.8%
    |
    EPS: $3.17-6.8%
    Beat