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Connection Awarded NASA Government-Wide Acquisition Contract
Connection has been awarded a NASA Solutions for Enterprise-Wide Procurement VI Category A Government-Wide Acquisition Contract through its GovConnection subsidiary, doing business as Connection Public Sector Solutions. NASA SEWP VI is the sixth iteration of the SEWP contract vehicle, focused on information technology products and related services available to all federal agencies to identify, quote, and purchase IT solutions that support their mission needs.
Company Reports Q1 Revenue of $721.87M
Reports Q1 revenue $721.87M, consensus $696.09M. "Our financial performance was strong as we experienced solid demand in Q1 for both our Enterprise and Business Solutions segments, driven in part by our customers moving from AI experimentation to AI production," said Timothy McGrath, President and Chief Executive Officer. McGrath continued, "We believe that our experienced team is well positioned to help our customers navigate through the waves of technology."
Connection Reports Q4 Revenue of $702.9M
Reports Q4 revenue $702.9M vs $708.897M last year. "In the fourth quarter, Connection delivered record gross profit in both our Enterprise and Business Solutions segments, reflecting strong execution as our customers modernize for an AI-first IT environment," said Timothy McGrath, President and Chief Executive Officer. McGrath continued, "I believe that we have the right team and strategy to continue to drive profitable growth and enhance long-term shareholder value."
Connection announces Q3 EPS of 97 cents, falling short of two estimates of $1.00.
Reports Q3 revenue $709.1M, two estimates $743.7M. "Our record gross profit reflects the strength of our strategy and the ability of our team to execute. By driving data center modernization, digital workplace transformation, and supply chain innovation, we continue to deliver profitable growth and enhance long-term shareholder value," said Timothy McGrath, President and Chief Executive Officer.
Connection reports Q2 EPS 97c, two estimates 90c
Reports Q2 revenue $759.7M, two estimates $764.1M. "Q2 2025 represents our fifth consecutive quarter of year-over-year net sales growth. Despite a dynamic economic environment, customers continued to invest in data center refresh initiatives and in the transition to Windows 11, which resulted in positive momentum in advanced technologies and end point devices. We remain committed to delivering outstanding value through integrated IT solutions and superior customer service," said Timothy McGrath, President and Chief Executive Officer.
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