What factors drove the changes in PC Connection's revenue and profit?

What does PC Connection do and what are its main business segments?

What were the key takeaways from PC Connection's earnings call?

What is PC Connection's latest dividend and current dividend yield?

What is PC Connection's gross profit margin?

Did PC Connection beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for PC Connection year over year?

What were the key takeaways from PC Connection’s earnings call?

- **Revenue resilience**: Gross profit up 7.8% despite Public Sector headwinds.
- **Liquidity strong**: $399 million cash, supporting strategic investments.
- **2026 growth drivers**: Enterprise Solutions and AI infrastructure projects.
- **Public Sector recovery**: Backlog at record levels, awaiting funding resolution.


**【CEO Summary Section】**
- Q3 2025 revenue of $709.1 million, down 2.2% YoY, driven by Public Sector challenges.
- Gross profit up 7.8% to $138.6 million, with Business Solutions segment gross margin at 26.5%.
- Backlog at record levels, with Enterprise Solutions leading the recovery.

**【CFO Financial Commentary】**
- Operating cash flow $38 million, with $399.2 million in liquidity.
- Share repurchases of 1 million shares YTD at $63.17 average price.
- Effective tax rate 27.1%, impacting net income of $24.7 million.

**【Q&A Highlights】**
- Public Sector delays due to federal funding uncertainty.
- 2026 outlook for mid-single digit growth in Enterprise Solutions.
- Backlog visibility into Q4 with $132.5 million in Public Sector orders.


PC Connection, Inc. (CNXN) Q3 2025 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CNXN

CNXN fundamentals

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