Tranche Update on PC Connection, Inc.'s Equity Buyback Plan announced on December 17, 2018.
August 02, 2023 at 04:31 pm EDT
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From April 1, 2023 to June 30, 2023, the company has repurchased 49,538 shares, representing 0.19% for $1.97 million. With this, the company has completed the repurchase of 435,504 shares, representing 1.65% for $17.71 million under the buyback announced on December 17, 2018.
PC Connection, Inc. delivers custom-configured computer systems overnight from its ISO 9001:2015 certified technical configuration lab at its distribution center in Wilmington, Ohio. The Company provides a range of information technology (IT) solutions, from the desktop to the cloud, including computer systems, data center solutions, software and peripheral equipment, networking communication, and other products and accessories, which the Company purchases from manufacturers, distributors and other suppliers. The Company operates through three segments: Connection Enterprise Solutions, Connection Business Solutions and Connection Public Sector Solutions. Connection Enterprise Solutions segment is engaged in serving large enterprise customers. Connection Business Solutions segment is engaged in serving small to medium-sized businesses (SMBs). Connection Public Sector Solutions segment is engaged in serving federal, state, and local government and educational institutions.