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Pc Connection (CNXN)
:CNXN
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.42Last Year’s EPS
0.5Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: -9.34%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were notable achievements such as a record gross margin, significant growth in Public Sector Solutions, and a strong cash position, the company faced challenges with overall revenue decline, decreased operating income, and significant declines in segments like Enterprise Solutions. The increase in dividend and recognition in the AI sector provide optimism, but the balance of achievements and challenges suggests a cautious outlook.Company Guidance
During the fourth quarter 2024 earnings call, Connection provided guidance on its fiscal performance and strategic outlook. The company reported full-year revenue of $2.8 billion, a slight decrease of 1.7% compared to the previous year, while gross profit increased by 1.6% to $519.8 million, with a record gross margin of 18.6%. For Q4, consolidated net sales rose by 1.8% to $708.9 million, although gross margins declined by 30 basis points to 18.3%. Operating income for the quarter was $22.6 million, down 19% from Q4 2023, and net income decreased by 12.9% to $20.7 million, with diluted earnings per share at $0.78. The company highlighted growth in notebook mobility and desktop revenue by 14% but faced challenges in advanced technologies. SG&A expenses increased by 4% for the year and 5.2% in Q4, attributed to investments in sales and technical capabilities. Connection announced a 50% increase in its quarterly dividend to $0.15 per share and maintained $59.7 million for stock repurchases. Looking ahead to 2025, the company expressed optimism about growth opportunities driven by data center projects, AI, and device refresh trends, aiming to outperform the US IT market growth rate by 200 basis points.Public Sector Solutions Growth
Q4 net sales for Public Sector Solutions were $143.7 million, 42.9% higher than a year ago, with significant increases in sales to federal and state/local governments.
Record Gross Margin
For the full year, gross margin was a record 18.6%, growing 60 basis points compared to the prior year.
Dividend Increase
The board of directors declared a 50% increase in the quarterly dividend to $0.15 per share.
Strong Cash Position
Ended Q4 with $442.6 million in cash, cash equivalents, and short-term investments.
Recognition in AI Sector
Received a first-place award in the Naval Information Warfare Center's challenge for AI environment applications, affirming expertise in AI technologies.
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CNXN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CNXN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $71.73 | $63.98 | -10.80% |
| Oct 30, 2024 | $67.26 | $63.56 | -5.50% |
| Jul 31, 2024 | $71.36 | $74.86 | +4.90% |
| May 01, 2024 | $61.69 | $59.03 | -4.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Pc Connection (CNXN) report earnings?
Pc Connection (CNXN) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Pc Connection (CNXN) earnings time?
Pc Connection (CNXN) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CNXN EPS forecast?
CNXN EPS forecast for the fiscal quarter 2025 (Q1) is 0.42.
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