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

Connection Q4 net income falls 12.9% to $20.7 million; full-year net income up 4.6%

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyPC Connection (CNXN)
Form8-K, current report
Filed with the SECFeb 5, 2025, 4:05 PM ET
Accession number0001558370-25-000657

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:54 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 February 05, 2025.

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.