Connection Q1 net sales rise 10.9% to $701.0 million; net income up 2.5% to $13.5 million
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.
Key points
- 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
The filing
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 April 30, 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.