Latest news with #Connection
Yahoo
6 days ago
- Business
- Yahoo
Earnings To Watch: Avnet (AVT) Reports Q2 Results Tomorrow
Electronic components distributor Avnet (NASDAQGS:AVT) will be reporting earnings this Wednesday before market hours. Here's what to look for. Avnet met analysts' revenue expectations last quarter, reporting revenues of $5.32 billion, down 6% year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS guidance for next quarter estimates and revenue guidance for next quarter slightly missing analysts' expectations. Is Avnet a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Avnet's revenue to decline 3.3% year on year to $5.38 billion, improving from the 15.1% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Avnet has missed Wall Street's revenue estimates twice over the last two years. Looking at Avnet's peers in the it distribution & solutions segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts' expectations by 4.4%, and Connection reported revenues up 3.2%, falling short of estimates by 0.6%. TD SYNNEX traded up 7.9% following the results while Connection was down 4%. Read our full analysis of TD SYNNEX's results here and Connection's results here. The euphoria surrounding Trump's November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the it distribution & solutions stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Avnet is down 4.7% during the same time and is heading into earnings with an average analyst price target of $51.25 (compared to the current share price of $52.54). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
6 days ago
- Business
- Yahoo
Ingram Micro (INGM) Reports Q2: Everything You Need To Know Ahead Of Earnings
IT distribution giant Ingram Micro (NYSE:INGM) will be reporting earnings this Wednesday afternoon. Here's what to look for. Ingram Micro beat analysts' revenue expectations by 5.8% last quarter, reporting revenues of $12.28 billion, up 8.3% year on year. It was a slower quarter for the company, with a significant miss of analysts' EPS estimates and revenue guidance for next quarter meeting analysts' expectations. Is Ingram Micro a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Ingram Micro's revenue to grow 4.1% year on year to $12.01 billion, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.60 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Ingram Micro has a history of exceeding Wall Street's expectations, beating revenue estimates every single time since going public by 2.4% on average. Looking at Ingram Micro's peers in the it distribution & solutions segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts' expectations by 4.4%, and Connection reported revenues up 3.2%, falling short of estimates by 0.6%. TD SYNNEX traded up 7.9% following the results while Connection was down 4%. Read our full analysis of TD SYNNEX's results here and Connection's results here. Debates over possible tariffs and corporate tax adjustments have raised questions about economic stability in 2025. While some of the it distribution & solutions stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.1% on average over the last month. Ingram Micro is down 3.4% during the same time and is heading into earnings with an average analyst price target of $24.31 (compared to the current share price of $19.52). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Sign in to access your portfolio
Yahoo
30-07-2025
- Business
- Yahoo
Connection (CNXN) Reports Second Quarter 2025 Results
SECOND QUARTER SUMMARY: Net sales: $759.7 million, up 3.2% y/y Gross profit: $137.8 million, up 0.9% y/y Gross margin: 18.1%, down 40 basis points y/y Net income: $24.8 million, down 5.2% y/y Diluted EPS: $0.97, compared to $0.99 y/y MERRIMACK, N.H., July 30, 2025--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, today announced results for the second quarter ended June 30, 2025. The Company also announced that its Board of Directors declared a quarterly dividend of $0.15 per share of the Company's common stock. Payment will be made on August 29, 2025, to shareholders of record on August 12, 2025. "Q2 2025 represents our fifth consecutive quarter of year-over-year net sales growth. Despite a dynamic economic environment, customers continued to invest in data center refresh initiatives and in the transition to Windows 11, which resulted in positive momentum in advanced technologies and end point devices. We remain committed to delivering outstanding value through integrated IT solutions and superior customer service," said Timothy McGrath, President and Chief Executive Officer. Second Quarter of 2025 Results: Net sales for the quarter ended June 30, 2025 increased by 3.2%, year over year. Gross profit increased by 0.9% to a record $137.8 million, compared to $136.5 million for the second quarter of 2024, while gross margin decreased 40 basis points to 18.1%, compared to the prior year quarter. Net income decreased by 5.2% to $24.8 million, or $0.97 per diluted share, compared to net income of $26.2 million, or $0.99 per diluted share, for the second quarter of 2024. Adjusted Diluted Earnings per Share1 was $0.97 for the quarter ended June 30, 2025, compared to $1.00 per share for the quarter ended June 30, 2024. Earnings before interest, taxes, depreciation and amortization, adjusted for stock-based compensation expense, severance expenses and non-routine legal settlements ("Adjusted EBITDA")1 decreased 2% to $122.5 million for the twelve months ended June 30, 2025, compared to $125.4 million for the twelve months ended June 30, 2024. ________________________________1 Adjusted Diluted Earnings per Share and Adjusted EBITDA are non-GAAP measures. See page 9 for definitions and reconciliations of these measures. Performance by Segment: Net sales for the Business Solutions segment increased by 5.4% to $293.2 million in the second quarter of 2025, compared to $278.2 million in the prior year quarter. Gross profit increased by 3.8% to $68.8 million, compared to $66.3 million in the prior year quarter. Gross margin decreased by 30 basis points to 23.5% for the second quarter of 2025. Net sales for the Public Sector Solutions segment decreased by 11.9% to $140.5 million in the second quarter of 2025, compared to $159.5 million in the prior year quarter. Gross profit decreased by 11.9% to $21.3 million, compared to $24.1 million in the prior year quarter. Gross margin remained flat year over year at 15.2%. Net sales for the Enterprise Solutions segment increased by 9.1% to $326.0 million in the second quarter of 2025, compared to $298.8 million in the prior year quarter. Gross profit increased by 3.4% to $47.6 million, compared to $46.1 million in the second quarter of 2024. Gross margin decreased by 80 basis points to 14.6% for the second quarter of 2025. Sales by Product Mix: Notebook/mobility and desktop sales increased by 6% year over year and accounted for 48% of net sales in the second quarter of 2025, compared to 47% of net sales in the second quarter of 2024. Software sales decreased by 1% year over year and accounted for 9% of net sales in the second quarter of both 2025 and 2024. Servers/storage sales increased by 12% year over year and accounted for 9% of net sales in the second quarter of both 2025 and 2024. Networking sales increased by 2% year over year and accounted for 7% of net sales in the second quarter of both 2025 and 2024. Accessories sales remained flat year over year and accounted for 10% of net sales in the second quarter of 2025, compared to 11% of net sales in the second quarter of 2024. Selling, general and administrative ("SG&A") expenses increased in the second quarter of 2025 to $106.9 million from $105.2 million in the prior year quarter. SG&A as a percentage of net sales decreased to 14.1%, compared to 14.3% in the prior year quarter. Interest income in the second quarter of 2025 was $3.2 million, compared to $4.7 million in the second quarter of 2024. Cash and cash equivalents and short-term investments were $346.1 million as of June 30, 2025, compared to $442.6 million as of December 31, 2024. During the second quarter of 2025, the Company repurchased 254,695 shares of stock at an aggregate purchase price of $15.5 million. Conference Call and Webcast Connection will host a conference call and live web cast today, July 30, 2025 at 4:30 p.m. EDT to discuss its second quarter financial results. For participants who would like to participate via telephone, please register here to receive the dial-in number along with a unique PIN number that is required to access the call. A web-cast of the conference call, which will be broadcast live via the Internet, and a copy of this press release, can be accessed on Connection's website at For those unable to participate in the live call, a replay of the webcast will be available at approximately 90 minutes after the completion of the call and will be accessible on the site for approximately one year. Non-GAAP Financial Information EBITDA, Adjusted EBITDA, LTM Adjusted EBITDA, Adjusted Net Income and Adjusted Diluted Earnings per Share are non-GAAP financial measures. These measures are included to provide additional information with respect to the Company's operating performance and earnings. Non-GAAP measures are not a substitute for GAAP measures and should be considered together with the GAAP financial measures. Our non-GAAP financial measures may not be comparable to similarly titled measures of other companies. Definitions for each Non-GAAP measure and a reconciliation to their most directly comparable GAAP measures are available in the tables at the end of this release. About Connection PC Connection, Inc. and its subsidiaries, dba Connection, ( NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 5,000 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at Connection–Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 460,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at Connection–Enterprise Solutions (561.237.3300), provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and real-time access to over 460,000 products and 2,500 vendors through MarkITplace®, a proprietary next-generation, cloud-based supply chain solution. The team's engineers, software licensing specialists, and subject matter experts help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle. Connection–Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at Cautionary Note Regarding Forward-Looking Statements This earnings release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and include statements concerning, among other things, our future financial results, business plans (including statements regarding new products and services we may offer and future expenditures, costs and investments), liabilities, impairment charges, competition and the expected impact of current macroeconomic conditions on our businesses and results of operations. You can generally identify forward-looking statements by words such as "believe," "expect," "intend," "plan," "estimate," "anticipate," "may," "should," "will," or similar statements or variations of such terms, although not all forward-looking statements include such terms. These statements reflect our current views and are based on assumptions as of the date of this report. Such assumptions are based upon internal estimates and other analysis of current market conditions and trends, management's expectations, plans and strategies, economic conditions and other factors. These statements are subject to known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from expectations or results projected or implied by forward-looking statements. Such differences may result from actions taken by us, including expense reduction or strategic initiatives (including reductions in force, capital investments and new or expanded product offerings or services), the execution of our business plans (including our inventory management, cost structure and management and other personnel decisions) or other business decisions, as well as from developments beyond our control, including; macroeconomic factors facing the global economy, including disruptions in or increased volatility of the capital markets, changes in trade policy, which may include the imposition of tariffs or other trade barriers, economic sanctions and economic slowdowns or recessions, changes in tax policy, rising inflation and changing interest rates modifying our potential for investment income and the timing or reducing the level of investment our customers are willing to make in IT products; substantial competition reducing our market share; significant price competition reducing our profit margins; the loss of any of our major vendors adversely affecting the number or type of products we may offer; virtualization of information technology resources and applications, including networks, servers, applications, and data storage disrupting or altering our traditional distribution models; service interruptions at third party shippers negatively impacting our ability to deliver the products we offer to our customers; increases in shipping and postage costs reducing our margins and adversely affecting our results of operations; loss of key persons or the inability to attract, train and retain qualified personnel adversely affecting our ability to operate our business; and cyberattacks or the failure to safeguard personal information and our IT systems resulting in liability and harm to our reputation. Additional factors include those described in our Annual Report on Form 10-K for the year ended December 31, 2024, including under the captions "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations," and "Business," in our subsequent quarterly reports on Form 10-Q, including under the captions "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations," and in the other subsequent filings we make with the Securities and Exchange Commission from time to time. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances. You should not place undue reliance on the forward-looking statements included in this release. We assume no obligation to update any of these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated, to reflect circumstances or events that occur after the statements are made except as required by law. CONSOLIDATED SELECTED FINANCIAL INFORMATION At or for the Three Months Ended June 30, 2025 2024 % Change Operating Data: Net sales (in thousands) $ 759,693 $ 736,479 3 % Diluted earnings per share $ 0.97 $ 0.99 (2) % Gross margin 18.1 % 18.5 % Operating margin 4.1 % 4.2 % Inventory turns (1) 17 19 Days sales outstanding (2) 68 68 % of % of Product Mix: Net Sales Net Sales Notebooks/Mobility 34 % 35 % Desktops 14 12 Accessories 10 11 Displays and Sound 9 10 Software 9 9 Servers/Storage 9 9 Net/Com Products 7 7 Other Hardware/Services 8 7 Total Net Sales 100 % 100 % Stock Performance Indicators: Actual shares outstanding (in thousands) 25,396 26,332 Closing price $ 65.78 $ 64.20 Market capitalization (in thousands) $ 1,670,549 $ 1,690,514 Trailing price/earnings ratio 20.1 19.2 LTM Net Income (in thousands) $ 86,050 $ 88,691 LTM Adjusted EBITDA (3) (in thousands) $ 122,461 $ 125,416 (1) Represents the annualized cost of goods sold for the period divided by the average inventory for the prior four-month period. (2) Represents the trade receivable at the end of the period divided by average daily net sales for the same three-month period. (3) LTM Adjusted EBITDA is a non-GAAP measure defined as EBITDA (earnings before interest, taxes, depreciation and amortization) adjusted for stock-based compensation, severance expenses and non-routine legal settlements for the last twelve months. See page 9 for a reconciliation. REVENUE AND MARGIN INFORMATION For the Three Months Ended June 30, 2025 2024 Net Gross Net Gross (amounts in thousands) Sales Margin Sales Margin Enterprise Solutions $ 326,011 14.6 % $ 298,808 15.4 % Business Solutions 293,168 23.5 278,198 23.8 Public Sector Solutions 140,514 15.2 159,473 15.2 Total $ 759,693 18.1 % $ 736,479 18.5 % CONDENSED CONSOLIDATED STATEMENTS OF INCOME Three Months Ended June 30, Six Months Ended June 30, (amounts in thousands, except per share data) 2025 2024 2025 2024 Net sales $ 759,693 $ 736,479 $ 1,460,739 $ 1,368,504 Cost of sales 621,927 599,937 1,195,662 1,113,890 Gross profit 137,766 136,542 265,077 254,614 Selling, general and administrative expenses 106,869 105,208 216,728 209,816 Severance expenses — 415 2,930 415 Income from operations 30,897 30,919 45,419 44,383 Interest income, net 3,216 4,649 7,116 9,216 Other income — — 76 — Income tax provision (9,324) (9,407) (14,341) (14,284) Net income $ 24,789 $ 26,161 $ 38,270 $ 39,315 Earnings per common share: Basic $ 0.98 $ 0.99 $ 1.49 $ 1.49 Diluted $ 0.97 $ 0.99 $ 1.48 $ 1.48 Shares used in the computation of earnings per common share: Basic 25,405 26,348 25,739 26,355 Diluted 25,520 26,520 25,860 26,522 CONDENSED CONSOLIDATED BALANCE SHEETS June 30, December 31, (amounts in thousands) 2025 2024 ASSETS Current Assets: Cash and cash equivalents $ 186,744 $ 178,318 Short-term investments 159,350 264,295 Accounts receivable, net 637,037 611,433 Inventories, net 133,487 95,054 Prepaid expenses and other current assets 22,449 17,750 Total current assets 1,139,067 1,166,850 Property and equipment, net 48,267 52,520 Right-of-use assets, net 2,219 3,077 Goodwill 73,602 73,602 Intangibles, net 1,599 2,209 Other assets 4,523 1,096 Total Assets $ 1,269,277 $ 1,299,354 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable $ 303,756 $ 300,242 Accrued payroll 23,444 23,330 Accrued expenses and other liabilities 41,076 47,633 Total current liabilities 368,276 371,205 Deferred income taxes 15,031 15,091 Non-current operating lease liabilities 634 1,552 Other liabilities 516 516 Total Liabilities 384,457 388,364 Stockholders' Equity: Common stock 294 294 Additional paid-in capital 141,406 137,036 Retained earnings 868,016 837,466 Accumulated other comprehensive (loss) income (53) 174 Treasury stock, at cost (124,843) (63,980) Total Stockholders' Equity 884,820 910,990 Total Liabilities and Stockholders' Equity $ 1,269,277 $ 1,299,354 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended June 30, Six Months Ended June 30, (amounts in thousands) 2025 2024 2025 2024 Cash Flows provided by (used in) Operating Activities: Net income $ 24,789 $ 26,161 $ 38,270 $ 39,315 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation and amortization 2,866 3,273 5,965 6,539 Adjustments to credit losses reserve 663 141 1,058 410 Stock-based compensation expense 2,461 2,248 4,669 4,197 Deferred income taxes — 1,623 — 1,623 Amortization of discount on short-term investments, net (1,627) (3,269) (1,672) (5,593) Gain on sale of short-term investments — — (76) — Loss on disposal of fixed assets 4 15 20 36 Changes in assets and liabilities: Accounts receivable (33,716) (71,708) (26,662) 7,598 Inventories 18,305 (12,713) (38,433) (12,434) Prepaid expenses and other current assets (1,474) (6,019) (4,142) (5,823) Other non-current assets (1,713) 168 (1,629) 448 Accounts payable 30,326 98,299 3,368 53,172 Accrued expenses and other liabilities (14,626) 172 (6,865) 6,188 Net cash provided by (used in) operating activities 26,258 38,391 (26,129) 95,676 Cash Flows (used in) provided by Investing Activities: Purchases of short-term investments — (103,279) (52,358) (203,278) Proceeds from sale of short-term investments — — 108,763 — Maturities of short-term investments — 53,280 50,000 103,280 Purchases of property and equipment (1,620) (1,819) (3,331) (3,427) Net cash (used in) provided by investing activities (1,620) (51,818) 103,074 (103,425) Cash Flows used in Financing Activities: Proceeds from short-term borrowings — 2,211 732 10,560 Repayment of short-term borrowings — (2,211) (732) (10,560) Purchase of common stock for treasury shares (16,725) (3,427) (60,464) (3,613) Payments for excise tax on treasury purchases (36) — (36) — Dividend payments (3,810) (2,635) (7,720) (5,271) Issuance of stock under Employee Stock Purchase Plan 619 537 619 537 Payment of payroll taxes on stock-based compensation through shares withheld (399) (414) (918) (645) Net cash used in financing activities (20,351) (5,939) (68,519) (8,992) Increase (decrease) in cash and cash equivalents 4,287 (19,366) 8,426 (16,741) Cash and cash equivalents, beginning of period 182,457 147,579 178,318 144,954 Cash and cash equivalents, end of period $ 186,744 $ 128,213 $ 186,744 $ 128,213 Non-cash Investing and Financing Activities: Accrued purchases of property and equipment $ 346 $ 347 $ 346 $ 347 Accrued purchase of treasury shares $ 66 $ 211 $ 66 $ 211 Accrued excise tax on treasury purchases $ 572 $ 18 $ 572 $ 18 Supplemental Cash Flow Information: Income taxes paid $ 15,112 $ 17,311 $ 18,171 $ 17,946 Interest paid $ — $ 1 $ — $ 2 EBITDA AND ADJUSTED EBITDA A reconciliation of EBITDA and Adjusted EBITDA to Net Income is detailed below. Adjusted EBITDA is defined as EBITDA (defined as earnings before interest, taxes, depreciation and amortization) adjusted for stock-based compensation, severance expenses and non-routine legal settlements. Both EBITDA and Adjusted EBITDA are considered non-GAAP financial measures. Generally, a non-GAAP financial measure is a numerical measure of a company's performance, financial position, or cash flows that either includes or excludes amounts that are not normally included or excluded in the most directly comparable measure calculated and presented in accordance with GAAP. We believe that EBITDA and Adjusted EBITDA provide helpful information with respect to our operating performance including our ability to fund our future capital expenditures and working capital requirements. Adjusted EBITDA also provides helpful information as it is the primary measure used in certain financial covenants contained in our credit agreement. When analyzing our operating performance, investors should use EBITDA and Adjusted EBITDA in addition to, and not as alternatives for Net income or any other performance measure presented in accordance with GAAP. Our non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. Three Months Ended June 30, LTM Ended June 30, (1) (amounts in thousands) 2025 2024 % Change 2025 2024 % Change Net income $ 24,789 $ 26,161 (5 ) % $ 86,050 $ 88,691 (3 ) % Depreciation and amortization 2,866 3,273 (12 ) 12,410 13,026 (5 ) Income tax expense 9,324 9,407 (1 ) 30,449 31,674 (4 ) Interest income (3,219 ) (4,656 ) (31 ) (16,790 ) (16,031 ) 5 Interest expense 3 7 (57 ) 165 14 1,079 EBITDA 33,763 34,192 (1 ) 112,284 117,374 (4 ) Severance expenses and other charges (2) — 415 (100 ) 2,930 459 538 Legal settlement (3) — — — (1,700 ) — 100 Stock-based compensation 2,461 2,248 9 8,947 7,583 18 Adjusted EBITDA $ 36,224 $ 36,855 (2 ) % $ 122,461 $ 125,416 (2 ) % (1) LTM: Last twelve months (2) Severance expenses in 2025 and 2024 consisted of severance and other charges related to internal restructuring activities. (3) The Company recorded $1.7 million of other income as a result of a legal settlement received. ADJUSTED NET INCOME AND ADJUSTED DILUTED EARNINGS PER SHARE A reconciliation of Adjusted Net Income to Net Income is detailed below. Adjusted Net Income is defined as Net Income plus severance expenses, net of tax plus or minus loss or income from non-routine legal settlements. A reconciliation of Adjusted Diluted Earnings per Share to Diluted Earnings per Share is detailed below. Adjusted Diluted Earnings per Share is defined as diluted earnings per share adjusted for severance expenses, net of tax. Adjusted Net Income and Adjusted Diluted Earnings Per Share are considered non-GAAP financial measures (see note above in EBITDA and Adjusted EBITDA for a description of non-GAAP financial measures). The Company believes that Adjusted Net Income and Adjusted Diluted Earnings per Share provide helpful information with respect to the Company's operating performance. When analyzing our operating performance, investors should use Adjusted Net Income and Adjusted Diluted Earnings per Share in addition to, and not as alternatives for Net income and Diluted Earnings per Share or any other performance measure presented in accordance with GAAP. Our non-GAAP financial measures may not be comparable to other similarly titled measures of other companies. Three Months Ended June 30, Six Months Ended June 30, (amounts in thousands, except per share data) 2025 2024 % Change 2025 2024 % Change Net income $ 24,789 $ 26,161 (5 ) % $ 38,270 $ 39,315 (3 ) % Severance expenses (1) — 415 (100 ) 2,930 415 606 Tax benefit — (110 ) (100 ) (799 ) (111 ) 620 Adjusted Net Income 24,789 26,466 (6 ) 40,401 39,619 2 Diluted shares 25,520 26,520 25,860 26,522 Diluted Earnings per Share $ 0.97 $ 0.99 (2 ) % $ 1.48 $ 1.48 — % Adjusted Diluted Earnings per Share $ 0.97 $ 1.00 (3 ) % $ 1.56 $ 1.49 5 % (1) Severance expenses in 2025 and 2024 consisted of severance and other charges related to internal restructuring activities. View source version on Contacts Investor Relations Contact: Thomas Baker, 603.683.2505Senior Vice President, CFO, and Treasurertom@
Yahoo
29-07-2025
- Business
- Yahoo
Connection (CNXN) Reports Q2: Everything You Need To Know Ahead Of Earnings
IT solutions provider Connection (NASDAQ:CNXN) will be reporting results this Wednesday after market close. Here's what investors should know. Connection beat analysts' revenue expectations by 8.5% last quarter, reporting revenues of $701 million, up 10.9% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' EPS estimates. Is Connection a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Connection's revenue to grow 3.7% year on year to $764.1 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Connection has missed Wall Street's revenue estimates five times over the last two years. Looking at Connection's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts' expectations by 4.4%, and Amphenol reported revenues up 56.5%, topping estimates by 11.9%. TD SYNNEX traded up 7.9% following the results while Amphenol was also up 2.6%. Read our full analysis of TD SYNNEX's results here and Amphenol's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 2.3% on average over the last month. Connection is down 1.9% during the same time and is heading into earnings with an average analyst price target of $76 (compared to the current share price of $64.51). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
16-07-2025
- Business
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PC Connection, Inc. (CNXN) to Release Second Quarter Results for 2025
MERRIMACK, N.H., July 16, 2025--(BUSINESS WIRE)--Connection (PC Connection, Inc.; NASDAQ: CNXN), a leading information technology solutions provider to business, government, healthcare and education markets, will release its second quarter 2025 operating results after close of market on Wednesday, July 30, 2025. At 4:30 p.m. EDT on that date, management will review these results during their quarterly conference call. For participants who would like to participate via telephone, please register here to receive the dial-in number along with a unique PIN number that is required to access the call. The live webcast and replays of the conference call can be accessed online through the investor relations section of our website at About Connection PC Connection, Inc. and its subsidiaries, dba Connection, ( NASDAQ: CNXN) is a Fortune 1000 company headquartered in Merrimack, NH. With offices throughout the United States, Connection delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, OH. In addition, the Company has over 2,500 technical certifications to ensure that it can solve the most complex issues of its customers. Connection also services international customers through its GlobalServe subsidiary, a global IT procurement and service management company. Investors and media can find more information about Connection at Connection–Business Solutions (800.800.5555) is a rapid-response provider of IT products and services serving primarily the small-and medium-sized business sector. It offers more than 460,000 brand-name products through its staff of technically trained sales account managers, publications, and its website at Connection–Enterprise Solutions (561.237.3300), provides corporate technology buyers with best-in-class IT solutions, in-depth IT supply-chain expertise, and access to over 460,000 products and 2,500 vendors through MarkITplace®, a proprietary next-generation, cloud-based supply chain solution. The team's engineers, software licensing specialists, and subject matter experts help reduce the cost and complexity of buying hardware, software, and services throughout the entire IT lifecycle. Connection–Public Sector Solutions (800.800.0019), is a rapid-response provider of IT products and services to federal, state, and local government agencies and educational institutions through specialized account managers, publications, and online at ### View source version on Contacts Corporate Communications Contact: Jeff Frank, Investor Relations Contact: Thomas Baker, 603.683.2505Senior Vice President, CFO, and Treasurertom@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
