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AI brief of an SEC Form 8-K · PC Connection (CNXN)

Connection Q2 net income rises 32.8% to $26.2 million; net sales up 0.4%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECJul 31, 2024, 4:05 PM ET
Accession number0001558370-24-010475

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:55 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 July 31, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.