Earnings
PC Connection Hears No Year-End Budget Flush, Calling It 'A Little Uncharacteristic' Of The Fourth Quarter
The CFO expects fourth-quarter sales to dip 3% or 4% from the third, after a quarter of record net sales of $874.3 million.
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PC Connection (CNXN) news from Bullished: SEC filings, earnings, insider trades and deals, explained in plain English with links to the source documents.
Earnings
PC Connection CEO Says Most Of The PC Upgrade Cycle Is Behind It, Sees Endpoint Demand Possibly Dipping In 2027
Tim McGrath said endpoint demand "might be down slightly" next year, even after third-quarter net sales rose 23.3% to $874.3 million.
SEC Filings
Connection Profit Climbs 27.2% To $31.5 Million As Server Sales Jump 45%
The IT reseller posted record net sales, gross billings and gross profit, but margins thinned and nine-month operating cash flow turned negative.
SEC Filings
PC Connection Earned $81.8 Million In Nine Months, Yet Operations Burned $39.8 Million In Cash
Receivables and inventory ate the cash as profit climbed, and cash and equivalents fell to $124.6 million from $193.2 million at year-end.
SEC Filings
PC Connection Names Ex-Tusker CEO Matt Zafirovski President And COO At $700,000 Base Salary
CEO Timothy McGrath gives up the president title as the new hire starts October 12, with 25,000 restricted stock units on offer.