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Connection, Inc. Q2 FY19

Market Info

Reported 8/1/19 After-hoursConnection logo

8/2/19 price change: +18.33%

Ticker: NASDAQ:CNXN

Shares Outstanding: 26.78M

Market Cap: $872.29M

Income Statement

  • Q2 Revenue up 88% YoY from $706.57M to $741.076M
    • Business Solutions up 37% from $270.042M to $271.052
    • Enterprise Solutions up 64% from $301.065M to $318.039M
    • Public Sector Solutions up 2% from $135.463M to $151.985M
  • Gross Profit up 86% YoY from $107.468M to $116.987M
    • Gross Profit Margin up 58bp YoY from 21% to 15.79%
  • Operating Income up 57% YoY from $24.947M to $32.323M
  • Net Income up 86% YoY from $18.226M to $23.668M
  • Fully diluted Q2 EPS up 88% YoY from $0.68 to $0.89

Balance Sheet

  • Cash $69.739M
  • Debt – None
Connection, Inc.
Jun-19 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18
Valuation Ratios
Price / Earnings 14.71 14.88 12.36 16.34 14.07 11.47
Price / Book Value 1.85 1.8 1.49 2.14 1.74 1.36
Dividend Yield (%)
Enterprise Value / EBITDA 8.01 6.68 10.1 8.63 6.16 6.97
Enterprise Value / Sales 0.32 0.26 0.38 0.3 0.21 0.23

Source: Factset