Connection Q1 net sales up 3.0% to $721.9 million; net income up 27.8% to $17.2 million
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 1:54 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2026.
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