February 05,2020
Connection Q4 FY19
Market Info
Reported 2/4/20 after hours
2/5/20 opening price change: -20.32%
Ticker: NASDAQ: CNXN
Shares Outstanding: 26.52M
Market Cap: $1.308B
Income Statement (Q4)
- Q4 Revenue up 1.00% YoY from $709.5M to $716.6M
- Business Solutions up 04% from $249.7M to $262.3M
- Enterprise Solutions down 71% from $341.4M to $321.9M
- Public Sector up 85% from $118.4M to $132.5M
- Gross Profit up 72% YoY from $106.8M to $116.1M
- Gross Profit Margin up 115bp from 05% to 16.20%
- Operating Income up 49% YoY from $26.32M to $29.60M
- Net Income up 13% YoY from $21.30M to $21.97M
- Fully-diluted Q4 EPS up 75% YoY from $0.80 to $0.83
Income Statement (FY19)
- FY19 Revenue up 47% YoY from $2.699B to $2.820B
- Gross Profit up 78% YoY from $411.1M to $451.3M
- Gross Profit Margin up 77bp from 23% to 16.00%
- Operating Income up 68% YoY from $85.69M to $111.97M
- Net Income up 12% YoY from $64.59M to $82.11M
- Fully-diluted EPS up 63% YoY from $2.41 to $3.10
Balance Sheet
- Cash $90.060M
- Debt N/A
| Connection, Inc. | ||||||
| Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | |
| Preliminary / | Final/ | Final/ | Final/ | Final/ | Final/ | |
| Valuation Ratios | ||||||
| Price / Earnings | 16.02 | 12.69 | 13.06 | 14.87 | 12.36 | 16.34 |
| Price / Book Value | 2.19 | 1.76 | 1.64 | 1.8 | 1.49 | 2.14 |
| Dividend Yield (%) | ||||||
| Enterprise Value / EBITDA | 9.5 | 7.57 | 7.8 | 8.57 | 6.88 | 10.72 |
| Enterprise Value / Sales | 0.43 | 0.33 | 0.32 | 0.33 | 0.26 | 0.37 |
Source: Factset
Report created 2.5.20
With questions or concerns please contact:
Max Shiner – Analyst
Email: mshiner@martinwolf.com Phone: 925.215.2740