Recent Updates — CNXN

PC Connection announced third-quarter 2026 financial results showing net sales of $874.3 million, a 23.3% increase year-over-year, driven by strong demand in its Enterprise Solutions segment which grew 27.4%. Gross billings rose 19.4% to $1.3 billion, while gross profit increased 16.7% to $161.9 million despite a 110 basis point compression in gross margin to 18.5%. Net income climbed 27.2% to $31.5 million, or $1.24 per diluted share, compared to $0.97 in the prior-year period. The Board of Directors also declared a quarterly cash dividend of $0.20 per share, payable on November 27, 2026, to shareholders of record as of November 10, 2026. PC Connection is an information technology solutions provider serving business, government, healthcare, and education markets.

PC Connection appointed Matt Zafirovski as President and Chief Operating Officer effective October 12, 2026. Zafirovski brings over 15 years of leadership experience in technology and operations, most recently serving as CEO of Tusker. He receives a $700,000 annual base salary, performance-based bonus eligibility, and restricted stock units. Timothy J. McGrath ceased serving as President but continues as Chief Executive Officer. The company operates in the information technology solutions industry.

PC Connection, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026. Net sales increased 12.4% year-over-year to $854.0 million, while gross billings rose 14.0% to $1.2 billion. Gross profit grew 14.3% to $157.5 million with a gross margin of 18.4%. Net income increased 33.8% to $33.2 million, or $1.31 per diluted share, compared to $0.97 in the prior year quarter. The Board of Directors declared a quarterly cash dividend of $0.20 per share, payable on August 28, 2026, to shareholders of record on August 11, 2026. PC Connection is an information technology solutions provider serving business, government, healthcare, and education markets.