Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Independent Vice Chairman & Secretary Jay Bothwick was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 02
PC Connection, Inc. Declares Quarterly Dividend, Payable on May 29, 2026 PC Connection, Inc. announced that its Board of Directors declared a quarterly dividend of $0.20 per share of the Company’s common stock. Payment will be made on May 29, 2026, to shareholders of record on May 12, 2026. Tillkännagivande • Apr 16
PC Connection, Inc. to Report Q1, 2026 Results on Apr 29, 2026 PC Connection, Inc. announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Tillkännagivande • Mar 30
PC Connection, Inc., Annual General Meeting, May 13, 2026 PC Connection, Inc., Annual General Meeting, May 13, 2026. Location: corporate headquarters, 730 milford road, merrimack, nh 03054, United States Tillkännagivande • Feb 05
PC Connection, Inc. Declares Quarterly Dividend, Payable on March 6, 2026 PC Connection, Inc. announced that its Board of Directors declared a quarterly dividend of $0.20 per share of the Company’s common stock. Payment will be made on March 6, 2026, to shareholders of record on February 17, 2026. Tillkännagivande • Jan 22
PC Connection, Inc. to Report Q4, 2025 Results on Feb 04, 2026 PC Connection, Inc. announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 04, 2026 Tillkännagivande • Oct 30
PC Connection, Inc. Declares Quarterly Dividend on Common Stock, Payable on November 28, 2025 PC Connection, Inc. announced that its Board of Directors declared a quarterly dividend of $0.15 per share of the Company’s common stock. Payment will be made on November 28, 2025, to shareholders of record on November 11, 2025. Tillkännagivande • Oct 16
PC Connection, Inc. to Report Q3, 2025 Results on Oct 29, 2025 PC Connection, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Tillkännagivande • Jul 31
Pc Connection, Inc. Declares Quarterly Dividend on Common Stock, Payable on August 29, 2025 The Board of Directors of PC Connection, Inc. declared a quarterly dividend of $0.15 per share of the Company’s common stock. Payment will be made on August 29, 2025, to shareholders of record on August 12, 2025. Tillkännagivande • Jul 17
PC Connection, Inc. to Report Q2, 2025 Results on Jul 30, 2025 PC Connection, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 30, 2025 Tillkännagivande • May 01
PC Connection, Inc. Declares Quarterly Dividend, Payable on May 30, 2025 PC Connection, Inc. announced that its Board of Directors declared a quarterly dividend of $0.15 per share of the Company’s common stock. Payment will be made on May 30, 2025, to shareholders of record on May 13, 2025. Tillkännagivande • Apr 17
PC Connection, Inc. to Report Q1, 2025 Results on Apr 30, 2025 PC Connection, Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Tillkännagivande • Mar 31
PC Connection, Inc., Annual General Meeting, May 14, 2025 PC Connection, Inc., Annual General Meeting, May 14, 2025. Location: 730 milford road, merrimack, nh 03054, United States Tillkännagivande • Feb 06
PC Connection, Inc. Declares Quarterly Dividend, Payable on March 14, 2025 PC Connection, Inc. declared a quarterly dividend of $0.15 per share of the Company’s common stock. Payment will be made on March 14, 2025, to shareholders of record on February 25, 2025. Tillkännagivande • Jan 23
PC Connection, Inc. to Report Q4, 2024 Results on Feb 05, 2025 PC Connection, Inc. announced that they will report Q4, 2024 results After-Market on Feb 05, 2025 Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €68.00, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €79.58 per share. Declared Dividend • Nov 03
Third quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 12th November 2024 Payment date: 29th November 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 7%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.03 (vs US$0.97 in 3Q 2023) Third quarter 2024 results: EPS: US$1.03 (up from US$0.97 in 3Q 2023). Revenue: US$724.7m (up 4.6% from 3Q 2023). Net income: US$27.1m (up 5.7% from 3Q 2023). Profit margin: 3.7% (in line with 3Q 2023). Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Oct 17
PC Connection, Inc. to Report Q3, 2024 Results on Oct 30, 2024 PC Connection, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Recent Insider Transactions • Aug 09
President & CEO recently sold €1.9m worth of stock On the 7th of August, Timothy McGrath sold around 30k shares on-market at roughly €63.95 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by €5.6m. Declared Dividend • Aug 04
Second quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 13th August 2024 Payment date: 30th August 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 7%. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.99 (vs US$0.75 in 2Q 2023) Second quarter 2024 results: EPS: US$0.99 (up from US$0.75 in 2Q 2023). Revenue: US$736.5m (flat on 2Q 2023). Net income: US$26.2m (up 33% from 2Q 2023). Profit margin: 3.6% (up from 2.7% in 2Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 01
PC Connection, Inc. Declares Quarterly Dividend, Payable on August 30, 2024 PC Connection, Inc. announced that its Board of Directors declared a quarterly dividend of $0.10 per share of the Company’s common stock. Payment will be made on August 30, 2024, to shareholders of record on August 13, 2024. Tillkännagivande • Jul 18
PC Connection, Inc. to Report Q2, 2024 Results on Jul 31, 2024 PC Connection, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Recent Insider Transactions • May 16
Independent Director recently sold €602k worth of stock On the 13th of May, Jack Ferguson sold around 10k shares on-market at roughly €60.17 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.8m more than they bought in the last 12 months. Declared Dividend • May 06
First quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 13th May 2024 Payment date: 29th May 2024 Dividend yield will be 0.6%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 11%. Cash payout ratio: 5%. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.50 (vs US$0.54 in 1Q 2023) First quarter 2024 results: EPS: US$0.50 (down from US$0.54 in 1Q 2023). Revenue: US$632.0m (down 13% from 1Q 2023). Net income: US$13.2m (down 7.4% from 1Q 2023). Profit margin: 2.1% (up from 2.0% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Buy Or Sell Opportunity • Apr 22
Now 21% overvalued Over the last 90 days, the stock has fallen 3.3% to €59.00. The fair value is estimated to be €48.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 9.2% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Tillkännagivande • Apr 19
PC Connection, Inc. to Report Q1, 2024 Results on May 01, 2024 PC Connection, Inc. announced that they will report Q1, 2024 results After-Market on May 01, 2024 Tillkännagivande • Mar 30
PC Connection, Inc., Annual General Meeting, May 15, 2024 PC Connection, Inc., Annual General Meeting, May 15, 2024, at 10:00 Eastern Daylight. Location: 730 Milford Road, Merrimack New Hampshire United States Agenda: To elect six directors to serve until the 2025 Annual Meeting of Stockholders; to ratify the selection by the Audit Committee of Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2024; and to transact such other business as may properly come before the meeting or any adjournment thereof. Buy Or Sell Opportunity • Mar 19
Now 21% overvalued Over the last 90 days, the stock has fallen 3.3% to €59.00. The fair value is estimated to be €48.85, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Earnings per share has grown by 13%. Revenue is forecast to grow by 9.5% in 2 years. Earnings are forecast to grow by 22% in the next 2 years. Reported Earnings • Mar 10
Full year 2023 earnings released: EPS: US$3.17 (vs US$3.40 in FY 2022) Full year 2023 results: EPS: US$3.17 (down from US$3.40 in FY 2022). Revenue: US$2.85b (down 8.8% from FY 2022). Net income: US$83.3m (down 6.7% from FY 2022). Profit margin: 2.9% (in line with FY 2022). Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 14% per year. Declared Dividend • Feb 19
Fourth quarter dividend of US$0.10 announced Shareholders will receive a dividend of US$0.10. Ex-date: 26th February 2024 Payment date: 15th March 2024 Dividend yield will be 0.5%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 6%. Tillkännagivande • Feb 16
PC Connection, Inc. Declares Quarterly Dividend, Payable on March 15, 2024 The board of directors of PC Connection, Inc. increased the quarterly dividend by 25% to $0.10 per share on the company’s common stock, which will be payable on March 15, 2024, to shareholders of record as of February 27, 2024. Tillkännagivande • Feb 01
PC Connection, Inc. to Report Q4, 2023 Results on Feb 14, 2024 PC Connection, Inc. announced that they will report Q4, 2023 results After-Market on Feb 14, 2024 Recent Insider Transactions • Dec 15
Senior VP recently sold €298k worth of stock On the 13th of December, Thomas Baker sold around 5k shares on-market at roughly €59.58 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.3m. Thomas has been a net seller over the last 12 months, reducing personal holdings by €785k. Tillkännagivande • Dec 15
PC Connection, Inc. Launches Helix Center for Applied AI and Robotics PC Connection, Inc. announced the company has launched the Helix Center for Applied AI and Robotics. Helix brings together experts, resources, and support designed to help organizations of all sizes realize the benefits of artificial intelligence and automation. Recent Insider Transactions • Dec 06
Independent Director recently sold €282k worth of stock On the 4th of December, David Beffa-Negrini sold around 5k shares on-market at roughly €56.34 per share. This transaction amounted to 6.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.3m. Insiders have been net sellers, collectively disposing of €4.9m more than they bought in the last 12 months. Recent Insider Transactions • Nov 24
President & CEO recently sold €1.3m worth of stock On the 21st of November, Timothy McGrath sold around 23k shares on-market at roughly €55.77 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by €4.1m. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.97 (vs US$0.88 in 3Q 2022) Third quarter 2023 results: EPS: US$0.97 (up from US$0.88 in 3Q 2022). Revenue: US$693.1m (down 11% from 3Q 2022). Net income: US$25.6m (up 10% from 3Q 2022). Profit margin: 3.7% (up from 3.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 02
Pc Connection, Inc. Declares Quarterly Dividend for the Third Quarter Ended September 30, 2023 , Payable on December 1, 2023 PC Connection, Inc. declared a quarterly dividend for the third quarter ended September 30, 2023 of $0.08 per share on the company’s common stock, which will be payable on December 1, 2023, to shareholders of record as of November 14, 2023. Tillkännagivande • Oct 19
PC Connection, Inc. to Report Q3, 2023 Results on Nov 01, 2023 PC Connection, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Recent Insider Transactions • Sep 13
Independent Director recently sold €262k worth of stock On the 11th of September, David Beffa-Negrini sold around 5k shares on-market at roughly €49.84 per share. This transaction amounted to 6.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.7m. Insiders have been net sellers, collectively disposing of €3.9m more than they bought in the last 12 months. Recent Insider Transactions • Aug 25
President & CEO recently sold €1.7m worth of stock On the 23rd of August, Timothy McGrath sold around 35k shares on-market at roughly €48.84 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Timothy has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Recent Insider Transactions • Aug 11
Senior VP recently sold €363k worth of stock On the 9th of August, Thomas Baker sold around 8k shares on-market at roughly €48.39 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.97 in 2Q 2022) Second quarter 2023 results: EPS: US$0.75 (down from US$0.97 in 2Q 2022). Revenue: US$733.5m (down 12% from 2Q 2022). Net income: US$19.7m (down 22% from 2Q 2022). Profit margin: 2.7% (down from 3.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 03
PC Connection, Inc. Declares Quarterly Dividend, Payable on September 1, 2023 PC Connection, Inc. announced that its board of directors has declared a quarterly dividend of $0.08 per share on the company’s common stock, which will be payable on September 1, 2023, to shareholders of record as of August 15, 2023. Tillkännagivande • Jul 22
PC Connection, Inc. to Report Q2, 2023 Results on Aug 02, 2023 PC Connection, Inc. announced that they will report Q2, 2023 results After-Market on Aug 02, 2023 Tillkännagivande • May 06
Pc Connection, Inc. Declares Quarterly Dividend, Payable on June 2, 2023 PC Connection, Inc. announced that its board of directors has declared a quarterly dividend of $0.08 per share on the company’s common stock, which will be payable on June 2, 2023, to shareholders of record as of May 16, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.54 (vs US$0.83 in 1Q 2022) First quarter 2023 results: EPS: US$0.54 (down from US$0.83 in 1Q 2022). Revenue: US$727.5m (down 7.7% from 1Q 2022). Net income: US$14.2m (down 35% from 1Q 2022). Profit margin: 2.0% (down from 2.8% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Feb 10
Full year 2022 earnings released: EPS: US$3.40 (vs US$2.67 in FY 2021) Full year 2022 results: EPS: US$3.40 (up from US$2.67 in FY 2021). Revenue: US$3.12b (up 8.0% from FY 2021). Net income: US$89.2m (up 28% from FY 2021). Profit margin: 2.9% (up from 2.4% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 4% per year. Tillkännagivande • Feb 10
PC Connection, Inc. Declares Quarterly Dividend, Payable on March 10, 2023 PC Connection, Inc. announced that its board of directors has declared a quarterly dividend of $0.08 per share on the company’s common stock, which will be payable on March 10, 2023, to shareholders of record as of February 21, 2023. Tillkännagivande • Jan 27
PC Connection, Inc. to Report Q4, 2022 Results on Feb 09, 2023 PC Connection, Inc. announced that they will report Q4, 2022 results After-Market on Feb 09, 2023 Tillkännagivande • Nov 23
Pc Connection, Inc. Announces A Special Dividend, Payable on December 23, 2022 PC Connection, Inc. announced that its Board of Directors declared a special cash dividend of $0.34 per share payable on December 23, 2022, to shareholders of record at the close of business on December 5, 2022. The aggregate amount of the special dividend payment will be approximately $8.9 million based on the current number of shares outstanding. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$0.88 (vs US$0.77 in 3Q 2021) Third quarter 2022 results: EPS: US$0.88 (up from US$0.77 in 3Q 2021). Revenue: US$775.7m (up 3.2% from 3Q 2021). Net income: US$23.2m (up 16% from 3Q 2021). Profit margin: 3.0% (up from 2.7% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 6% per year. Tillkännagivande • Oct 21
PC Connection, Inc. to Report Q3, 2022 Results on Nov 03, 2022 PC Connection, Inc. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 03, 2022 Recent Insider Transactions • Sep 16
Independent Director recently sold €185k worth of stock On the 14th of September, Jack Ferguson sold around 4k shares on-market at roughly €46.36 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €384k more than they bought in the last 12 months. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.97 (vs US$0.66 in 2Q 2021) Second quarter 2022 results: EPS: US$0.97 (up from US$0.66 in 2Q 2021). Revenue: US$828.5m (up 18% from 2Q 2021). Net income: US$25.4m (up 47% from 2Q 2021). Profit margin: 3.1% (up from 2.5% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.6%, compared to a 21% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 22
PC Connection, Inc. to Report Q2, 2022 Results on Aug 04, 2022 PC Connection, Inc. announced that they will report Q2, 2022 results After-Market on Aug 04, 2022 Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.83 (vs US$0.39 in 1Q 2021) First quarter 2022 results: EPS: US$0.83 (up from US$0.39 in 1Q 2021). Revenue: US$788.3m (up 24% from 1Q 2021). Net income: US$21.8m (up 114% from 1Q 2021). Profit margin: 2.8% (up from 1.6% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 4.7%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Tillkännagivande • Apr 23
PC Connection, Inc., Annual General Meeting, May 18, 2022 PC Connection, Inc., Annual General Meeting, May 18, 2022, at 10:00 US Eastern Standard Time. Location: PC Connection, Inc. 730 Milford Road Merrimack New Hampshire United States Agenda: To elect six directors to serve until the 2023 Annual Meeting of Stockholders; to approve, on an advisory basis, the compensation of our named executive officers; to approve an amendment to the company’s 2020 Stock Incentive Plan; to approve an amendment to the company’s Amended and Restated 1997 Employee Stock Purchase Plan; to ratify the selection by the Audit Committee of Deloitte & Touche LLP as our independent registered public accounting firm for the year ending December 31, 2022; and to transact such other business as may properly come before the meeting or any adjournment thereof. Tillkännagivande • Apr 22
PC Connection, Inc. to Report Q1, 2022 Results on May 05, 2022 PC Connection, Inc. announced that they will report Q1, 2022 results After-Market on May 05, 2022 Tillkännagivande • Mar 29
PC Connection, Inc. Announces Appointment of Jay Bothwick to the Board PC Connection, Inc. announced that on March 25, 2022, the Board of Directors elected Jay Bothwick to the Board, effective immediately, and expanded the size of the Board from 5 to 6 directors, also effective immediately. Reported Earnings • Mar 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.67 (up from US$2.13 in FY 2020). Revenue: US$2.89b (up 12% from FY 2020). Net income: US$69.9m (up 25% from FY 2020). Profit margin: 2.4% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 6.0%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Reported Earnings • Feb 08
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.67 (up from US$2.13 in FY 2020). Revenue: US$2.89b (up 12% from FY 2020). Net income: US$69.9m (up 25% from FY 2020). Profit margin: 2.4% (up from 2.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.4%. Over the next year, revenue is forecast to grow 3.1%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 17
Independent Director recently sold €198k worth of stock On the 15th of December, David Beffa-Negrini sold around 5k shares on-market at roughly €39.70 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €317k more than they bought in the last 12 months. Reported Earnings • Nov 06
Third quarter 2021 earnings released: EPS US$0.77 (vs US$0.65 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$751.4m (up 15% from 3Q 2020). Net income: US$20.0m (up 18% from 3Q 2020). Profit margin: 2.7% (up from 2.6% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.66 (vs US$0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$704.2m (up 28% from 2Q 2020). Net income: US$17.3m (up 126% from 2Q 2020). Profit margin: 2.5% (up from 1.4% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Jun 17
Connection Earns Google Cloud Premier Partner Status Connection announced that it has earned Google Cloud premier partner status. As a premier partner, Connection will be able to support customers across the full spectrum of Google Cloud offerings, expanding an already diverse portfolio of solutions that includes Google’s hardware, software, and cloud products. This status designates a proven record of delivering exceptional customer service and in-depth technical expertise around core competencies. Tillkännagivande • Jun 11
Connection Wins Microsoft Advanced Specialization PC Connection, Inc. announced that it has earned the Windows Server and SQL Server Migration to Microsoft Azure advanced specialization. The new endorsement is a validation of Connection’s extensive knowledge, experience, and expertise in migrating Windows Server and SQL Server-based workloads to Azure. Microsoft awards the advanced specialization only to partners that meet stringent criteria around customer success and staff skilling, as well as pass a third-party audit of their migration practices. Reported Earnings • May 09
First quarter 2021 earnings released: EPS US$0.39 (vs US$0.57 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$636.9m (down 11% from 1Q 2020). Net income: US$10.2m (down 32% from 1Q 2020). Profit margin: 1.6% (down from 2.1% in 1Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Recent Insider Transactions • Mar 20
Independent Director recently sold €119k worth of stock On the 16th of March, Jack Ferguson sold around 3k shares on-market at roughly €39.62 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €627k more than they bought in the last 12 months. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS US$2.13 (vs US$3.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$2.59b (down 8.1% from FY 2019). Net income: US$55.8m (down 32% from FY 2019). Profit margin: 2.2% (down from 2.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorated over the past week After last week's 18% share price decline to US$37.00, the stock is trading at a trailing P/E ratio of 21x, down from the previous P/E ratio of 25.5x. This compares to an average P/E of 33x in the Electronic industry in Germany. Total returns to shareholders over the past three years are 83%. Reported Earnings • Feb 26
Full year 2020 earnings released: EPS US$2.13 (vs US$3.12 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$2.59b (down 8.1% from FY 2019). Net income: US$55.8m (down 32% from FY 2019). Profit margin: 2.2% (down from 2.9% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 26
Revenue beats expectations Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 4.9%, compared to a 17% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Feb 13
New 90-day high: €44.80 The company is up 12% from its price of €40.00 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.13 per share. Tillkännagivande • Feb 12
PC Connection, Inc. to Report Q4, 2020 Results on Feb 24, 2021 PC Connection, Inc. announced that they will report Q4, 2020 results After-Market on Feb 24, 2021 Is New 90 Day High Low • Jan 27
New 90-day high: €44.00 The company is up 13% from its price of €39.00 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 27% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.56 per share. Upcoming Dividend • Jan 04
Upcoming Dividend of US$0.32 Per Share Will be paid on the 29th of January to those who are registered shareholders by the 11th of January. The trailing yield of 0.7% is below the top quartile of German dividend payers (3.5%), but it is higher than industry peers (0.6%). Recent Insider Transactions • Dec 10
Independent Director recently sold €76k worth of stock On the 9th of December, David Beffa-Negrini sold around 2k shares on-market at roughly €38.21 per share. In the last 3 months, they made an even bigger sale worth €180k. Insiders have been net sellers, collectively disposing of €763k more than they bought in the last 12 months. Tillkännagivande • Nov 24
PC Connection, Inc. Receives U.S. Army Contract Connection announced that it has been awarded an Information Technology Enterprise Solutions–Software 2 (ITES-SW2) contract by the U.S. Army Computer Hardware Enterprise Software and Solutions (CHESS) office. ITES-SW2 is a $13 billion firm-fixed-price, indefinite delivery/indefinite quantity (ID/IQ) contract vehicle designed to support the IT goals of the U.S. Army, Department of Defense (DoD), and other Federal agencies and associated contractors. The contract has a 5-year base period with an additional 5-year option term through August 2030, covering the provision of software and maintenance services across 14 product categories. Tillkännagivande • Nov 19
PC Connection, Inc. Announces the Demise of David Hall, Co-Founder and a Member of the Company’s Board of Directors On November 14, 2020, David Hall, co-founder of PC Connection, Inc. and a member of the Company’s Board of Directors, passed away. Mr. Hall served on the Company’s Board of Directors since its inception and served as Vice Chair from March 1998 to December 2004. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.65 The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$652.8m (down 11% from 3Q 2019). Net income: US$16.9m (down 29% from 3Q 2019). Profit margin: 2.6% (down from 3.3% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 1.5%, compared to a 24% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Nov 07
New 90-day high: €41.60 The company is up 6.0% from its price of €39.20 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €42.32 per share. Tillkännagivande • Oct 28
PC Connection, Inc. to Report Q3, 2020 Results on Nov 09, 2020 PC Connection, Inc. announced that they will report Q3, 2020 results on Nov 09, 2020 Is New 90 Day High Low • Sep 23
New 90-day low: €34.20 The company is down 13% from its price of €39.40 on 25 June 2020. The German market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €51.04 per share. Recent Insider Transactions • Sep 19
Independent Director recently sold €180k worth of stock On the 16th of September, David Beffa-Negrini sold around 5k shares on-market at roughly €35.92 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €751k more than they bought in the last 12 months. 
