Every material Form 8-K PC Connection has filed with the SEC since June 13, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
PC Connection reported third-quarter 2026 results for the period ended September 30, 2026, with net sales of $874.3 million, up 23.3% year over year, and net income of $31.5 million, or $1.24 per diluted share, compared with $0.97 a year earlier. Gross margin fell to 18.5% from 19.6%, and the board declared a quarterly dividend of $0.20 per share payable November 27, 2026.
Q3 net sales $874.3 million, up 23.3%; gross profit $161.9 million, up 16.7%
Q3 net income $31.5 million, diluted EPS $1.24 vs $0.97; nine-month diluted EPS $3.23 vs $2.45
Gross margin 18.5% vs 19.6% a year earlier; quarterly dividend $0.20 per share, payable November 27, 2026 to holders of record November 10, 2026
PC Connection, Inc. (CNXN) said Matthew Zafirovski joined the company as President and Chief Operating Officer effective October 12, 2026, reporting to CEO Timothy McGrath. McGrath ceased serving as President but remains Chief Executive Officer. The filing describes a new executive hire with a $700,000 base salary and a 25,000 restricted stock unit grant.
Matthew Zafirovski, 41, was CEO of Tusker from 2022 to 2026 and COO of Tusker from 2020 to 2022
Base salary of $700,000; bonus eligibility at a basic rate of 100% of base salary under the Executive Bonus Plan
Grant of 25,000 restricted stock units vesting 25% per year, starting on the first anniversary of the grant date
Severance equal to base salary for the shorter of six months or until he secures other employment, if terminated without cause, death, or disability
Connection, formally PC Connection, Inc., reported second-quarter 2026 net sales of $854.0 million, up 12.4% from a year earlier, and net income of $33.2 million, up 33.8%. Diluted EPS was $1.31 compared with $0.97, and the filing gives no revised full-year guidance. The board also declared a quarterly cash dividend of $0.20 per share, while operating cash flow for the quarter was negative $63.8 million.
Q2 2026 net sales of $854.0 million, up 12.4% year over year; net income of $33.2 million, or $1.31 per diluted share, versus $0.97 a year earlier
Gross margin of 18.4%, up 30 basis points; Business Solutions gross margin fell 50 basis points to 23.0%
Quarterly dividend of $0.20 per share, payable August 28, 2026, to shareholders of record on August 11, 2026
Cash and short-term investments of $340.7 million at June 30, 2026, compared with $406.7 million at December 31, 2025
Connection reported first-quarter 2026 results for the quarter ended March 31, 2026, with net sales up 3.0% to $721.9 million and net income up 27.8% to $17.2 million, or $0.68 per diluted share, compared with $0.51 a year earlier. The board also declared a quarterly dividend of $0.20 per share, payable May 29, 2026, to holders of record on May 12, 2026. Public Sector Solutions net sales fell 31.0%, and the quarter included $3.1 million of severance expenses.
Net sales $721.9 million, up 3.0% year over year; gross margin 18.4%, up 20 basis points
Diluted EPS $0.68 versus $0.51; adjusted diluted EPS $0.77 versus $0.60
Quarterly cash dividend of $0.20 per share, payable May 29, 2026
Public Sector Solutions net sales down 31.0% to $99.8 million; $3.1 million of severance expenses
PC Connection reported fourth-quarter 2025 net sales of $702.9 million, down 0.8% year over year, with net income flat at $20.7 million. For the full year, net sales rose 2.5% to $2.9 billion while net income fell 3.9% to $83.7 million. The board also approved a $50.0 million increase to the share repurchase program and declared a $0.20 quarterly dividend, which matter to shareholders for capital returns.
Q4 2025 diluted EPS was $0.82 versus $0.78 a year earlier; adjusted diluted EPS was $0.91 versus $0.78.
Full-year 2025 diluted EPS was $3.27 versus $3.29; adjusted diluted EPS rose to $3.44 from $3.25.
Share repurchase authorization increased $50.0 million to $220.0 million total, with about $81.2 million available.
Quarterly dividend of $0.20 per share is payable March 6, 2026, to holders of record on February 17, 2026.
Connection reported third-quarter 2025 net sales of $709.1 million, down 2.2% from a year earlier, while gross profit rose 2.4% to a record $138.6 million. Net income fell 8.6% to $24.7 million, or $0.97 per diluted share, compared with $1.02 a year earlier. The Board also declared a quarterly dividend of $0.15 per share.
Net sales $709.1 million, down 2.2% year over year; gross margin rose 90 basis points to 19.6%
Net income $24.7 million, or $0.97 per diluted share, versus $27.1 million, or $1.02, in Q3 2024
Gross profit a record $138.6 million, up 2.4%; Public Sector Solutions net sales fell 24.3% to $132.5 million
Quarterly dividend of $0.15 per share, payable November 28, 2025, to holders of record on November 11, 2025
Connection (PC Connection, Inc.) reported second-quarter 2025 results on July 30, 2025. Net sales rose 3.2% to $759.7 million, but net income fell 5.2% to $24.8 million and diluted EPS slipped to $0.97 from $0.99. The board also declared a quarterly dividend of $0.15 per share.
Net sales of $759.7 million, up 3.2% year over year; Enterprise Solutions up 9.1%, Business Solutions up 5.4%, Public Sector Solutions down 11.9%
Gross profit a record $137.8 million, up 0.9%; gross margin 18.1%, down 40 basis points
Quarterly dividend of $0.15 per share, payable August 29, 2025, to shareholders of record on August 12, 2025
PC Connection reported first quarter 2025 net sales of $701.0 million, up 10.9% year over year, and net income of $13.5 million, or $0.51 per diluted share, versus $0.50 a year earlier. The board also declared a $0.15 quarterly dividend and approved a $50.0 million increase to the share repurchase program, bringing the total authorized to $170.0 million with about $50.5 million available.
Net sales $701.0 million, up 10.9%; gross margin fell 50 basis points to 18.2%
Diluted EPS $0.51 vs. $0.50; adjusted diluted EPS $0.60 vs. $0.50, excluding $2.9 million of severance expenses
Quarterly dividend of $0.15 per share, payable May 30, 2025, to holders of record on May 13, 2025
Repurchase authorization raised by $50.0 million to $170.0 million total; about $50.5 million available
Connection reported fourth-quarter 2024 net sales of $708.9 million, up 1.8% year over year, but net income fell 12.9% to $20.7 million, or $0.78 per diluted share. For the full year, net sales declined 1.7% to $2.8 billion while net income rose 4.6% to $87.1 million, or $3.29 per diluted share. The board also declared a quarterly dividend of $0.15 per share, payable March 14, 2025.
Q4 2024 gross margin was 18.3%, down 30 basis points; gross profit was flat at $129.8 million.
Full-year 2024 gross margin rose 60 basis points to 18.6%; Adjusted EBITDA fell 5% to $118.9 million.
Quarterly dividend of $0.15 per share is payable March 14, 2025, to shareholders of record on February 25, 2025.
Q4 Public Sector Solutions net sales rose 42.9% to $143.7 million, while Enterprise Solutions fell 6.4% to $302.7 million.
PC Connection reported third-quarter 2024 results for the quarter ended September 30, 2024, with net sales of $724.7 million, up 4.6%, and net income of $27.1 million, up 5.7%, or $1.02 per diluted share versus $0.97 a year earlier. Gross margin narrowed to 18.7% from 19.0%, and adjusted diluted EPS was flat at $0.97, while the Board declared a $0.10 quarterly dividend.
Net sales were $724.7 million, up 4.6% from $693.1 million; gross margin was 18.7% versus 19.0% a year earlier.
Diluted EPS was $1.02 versus $0.97; adjusted diluted EPS was $0.97, flat year over year, and GAAP other income included $1.7 million from a legal settlement.
Quarterly dividend of $0.10 per share, payable November 29, 2024, to shareholders of record on November 12, 2024.
For the nine months, net sales fell 2.8% to $2.09 billion, while net income rose 11.6% to $66.4 million.
Connection (PC Connection, Inc.) reported second-quarter 2024 net sales of $736.5 million, up 0.4% from a year earlier, and net income of $26.2 million, up 32.8%, or $0.99 per diluted share versus $0.75. The company described the quarter as a record for net income and earnings per share, while the Public Sector Solutions segment's sales fell 14.0%. The board also declared a quarterly dividend of $0.10 per share.
Net sales were $736.5 million, up 0.4% year over year; gross profit rose 6.9% to $136.5 million and gross margin widened 112 basis points to 18.5%.
Net income was $26.2 million, up 32.8%; diluted EPS was $0.99 versus $0.75 a year earlier.
Public Sector Solutions net sales fell 14.0% to $159.5 million, while Business Solutions and Enterprise Solutions sales rose 6.6% and 4.1%.
Quarterly dividend of $0.10 per share is payable August 30, 2024, to shareholders of record on August 13, 2024.
Connection reported first-quarter 2024 net sales of $632.0 million, down 13.1% year over year, which management attributed to customers delaying IT capital spending. Net income fell 7.4% to $13.2 million, or $0.50 per diluted share, although gross margin rose 187 basis points to 18.7%. The board also declared a $0.10 quarterly dividend and raised the share repurchase authorization by $40.0 million to $120.0 million, of which $72.1 million is available.
Net sales were $632.0 million, down 13.1% from $727.5 million; Public Sector Solutions sales fell 33.4% to $93.5 million
Net income was $13.2 million, or $0.50 per diluted share, versus $14.2 million, or $0.54, a year earlier
Gross margin expanded 187 basis points to 18.7%; Adjusted EBITDA decreased 6% to $120.3 million for the last twelve months
Quarterly dividend of $0.10 per share is payable May 29, 2024, to shareholders of record as of May 14, 2024
PC Connection reported fourth-quarter and full-year 2023 results on February 14, 2024. Quarterly net income rose 26.3% even as net sales fell 4.9%, but full-year net sales fell 8.8% and net income fell 6.7%. The board also raised the quarterly dividend by 25% to $0.10 per share.
Q4 2023 net sales were $696.5 million, down 4.9%; net income was $23.8 million, up 26.3%, or $0.90 per diluted share.
Full-year 2023 net sales were $2.9 billion, down 8.8%; net income was $83.3 million, down 6.7%, or $3.15 per diluted share.
Quarterly dividend raised 25% to $0.10 per share, payable March 15, 2024, to shareholders of record as of February 27, 2024.
Cash and short-term investments were $297.2 million at December 31, 2023, up from $122.9 million a year earlier.
Connection (PC Connection, Inc.) reported third-quarter 2023 results on November 1, 2023. Net sales fell 10.6% year over year to $693.1 million, while net income rose 10.3% to $25.6 million, or $0.97 per diluted share, from $0.88 a year earlier. The company also declared a quarterly dividend of $0.08 per share.
Net sales were $693.1 million, down 10.6% from the prior year quarter, with gross profit down 3.5% to $131.9 million.
Net income was $25.6 million, or $0.97 per diluted share, compared with $23.2 million, or $0.88 per share, a year earlier.
For the nine months ended September 30, 2023, net income fell 15.5% to $59.5 million, or $2.25 per diluted share.
The $0.08 per share dividend is payable December 1, 2023, to shareholders of record as of November 14, 2023.
Connection (PC Connection, Inc.) reported second-quarter 2023 net sales of $733.5 million, down 11.5% from a year earlier, and net income of $19.7 million, or $0.75 per diluted share, down 22.4% from $0.96. The company said gross margin rose 90 basis points to 17.4%, and its board declared a quarterly dividend of $0.08 per share.
Net sales were $733.5 million, down 11.5% year over year; gross profit was $127.8 million, down 6.7%.
Diluted EPS was $0.75 versus $0.96 a year earlier; adjusted diluted EPS was $0.80 versus $0.96.
Quarterly dividend of $0.08 per share is payable September 1, 2023, to shareholders of record as of August 15, 2023.
Cash and cash equivalents were $244.0 million at June 30, 2023, versus $94.9 million a year earlier.
PC Connection entered into a Fourth Amendment to its credit agreement with Citizens Bank, N.A. on June 13, 2023, under which the company may borrow up to $50.0 million, with an option to increase that to $80.0 million in certain circumstances. The amendment mainly replaces LIBOR-based references with the BSBY Rate and related loan terms, and the filing does not describe changes to borrowing limits or financial covenants.
Amendment dated June 13, 2023, with Citizens Bank, N.A. as agent and lender
Credit facility allows borrowing up to $50.0 million, expandable to $80.0 million at the company's option in certain circumstances
'LIBOR Rate' references replaced with 'BSBY Rate', defined with a 0.00% floor
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