Quarterly ResultApr 29, 2026, 04:36 PM
CNXN Q1 Net Sales +3% to $721.9M; Net Income +28% to $17.2M; EPS $0.68
AI Summary
PC Connection, Inc. reported strong first-quarter 2026 results with net sales increasing 3% to $721.9 million and net income surging 28% to $17.2 million. Diluted earnings per share rose 33% to $0.68. The company also increased its dividend to $0.20 per share and saw a significant improvement in cash flow from operations. While Enterprise Solutions and Business Solutions segments grew, the Public Sector Solutions segment experienced a decline.
Key Highlights
- Net sales increased 3% to $721.9 million for Q1 2026.
- Net income rose 28% to $17.2 million.
- Diluted EPS grew 33% to $0.68.
- Operating income increased 39% to $20.2 million.
- Dividend declared at $0.20 per share, a 33% increase.
- Enterprise Solutions net sales grew 16% to $346.5 million.
- Public Sector Solutions net sales decreased 31% to $99.8 million.
- Net cash provided by operating activities was $14.3 million.