CDW Earnings Reports

CDW Corporation reported a 3.3% increase in net sales for the fourth quarter of 2024, reaching $5,186 million. While customers remained cautious, certain end-markets displayed signs of stability, and the company delivered strong gross margin and excellent cash flow.

CDW Corporation reported a decrease in net sales by 2.0 percent, driven by declines in the Public and Corporate segments, though partially offset by the UK and Canadian operations. Gross profit decreased by 2.2 percent, while operating income increased slightly by 0.7 percent. Net income remained consistent with the previous year, and diluted earnings per share increased by 1.0 percent.

CDW Corporation reported a decrease in net sales by 3.6% to $5,423.4 million. Despite the revenue decline, the company saw an increase in operating income by 5.1% to $433.1 million and net income by 7.0% to $281.1 million. EPS increased to $2.07 from $1.92 year over year.

CDW Corporation reported a decrease in net sales by 4.5% and a decrease in net income by 6.1% for the first quarter of 2024. The company's gross profit margin, however, increased to 21.8%. Continued economic uncertainty has led customers to be cautious and measured in their approach to technology spending, resulting in a reduction or delay in their spend.

CDW's Q4 2023 net sales were $5,019 million, a decrease of 7.7 percent compared to Q4 2022. Net income increased by 3.1 percent to $296 million, and non-GAAP net income per diluted share increased by 2.8 percent to $2.57.

CDW Corporation reported a decrease in net sales by 9.4% to $5,628.3 million, but experienced an increase in net income by 5.9% to $315.5 million. The company's strong operating results and disciplined capital allocation led to record earnings per share.

CDW Corporation reported a decrease in net sales by 8.5% to $5,626.1 million, but an increase in gross profit by 1.1% to $1,181.5 million for the second quarter of 2023. Despite a decrease in operating and net income, non-GAAP operating income and non-GAAP net income increased, showcasing the company's financial discipline amid economic uncertainty.

CDW Corporation reported a 14.2% decrease in net sales, totaling $5,103.1 million for the first quarter of 2023, compared to $5,949.1 million in the first quarter of 2022. Despite the revenue decline, the company achieved record first-quarter margins, driven by higher product margins and a favorable mix of netted-down revenue. The company remains confident in its ability to deliver profitability, margins, and cash flow.

CDW Corporation reported a decrease in net sales for the fourth quarter of 2022, but experienced growth in gross profit, operating income, and net income. The company's full-year performance showed strong growth in net sales and profits, driven by the strength of its business model and strategy.

CDW Corporation announced third quarter 2022 results, reporting record net sales of $6,215.5 million, a 17.3% increase compared to the third quarter of 2021. The company's EPS increased by 13.7% to $2.17, and non-GAAP EPS increased by 22.0% to $2.60.

CDW Corporation reported strong second-quarter results, with net sales increasing by 19.4% to $6,146 million. The company's performance was bolstered by the acquisition of Sirius Computer Solutions and strong execution across its corporate, small business, and public segments. CDW's ability to meet evolving customer needs in a supply-constrained environment drove significant profit growth, with non-GAAP EPS increasing by 23.0%.

CDW Corporation reported strong first quarter 2022 results, with record net sales and excellent profitability. Total Net sales in the first quarter of 2022 were $5,949 million, compared to $4,838 million for the first quarter of 2021, an increase of 23.0 percent.

CDW Corporation reported strong fourth quarter results with net sales increasing by 11.7% to $5,537 million. The acquisition of Sirius contributed $197 million to net sales. Non-GAAP net income per diluted share increased by 14.0% to $2.08. The company is focused on reducing debt after financing the Sirius acquisition.

CDW Corporation reported strong third-quarter results with net sales increasing by 11.4% to $5,300 million and net income increasing by 38.0% to $267 million. The company's performance was driven by growth in the Corporate and Small Business segments, while the Public segment experienced a slight decrease. CDW is now expected to outpace US IT market growth by 200 to 300 basis points on a constant currency basis.

CDW Corporation reported a strong second quarter in 2021, with net sales reaching $5,146.4 million, a 17.9% increase compared to the same period in 2020. The company's performance was driven by increased demand from commercial customers and strong execution of its strategy.

CDW Corporation reported a strong first quarter in 2021, with net sales increasing by 10.2% to $4,838 million. Net income increased by 38.6% to $233 million, and non-GAAP net income per diluted share increased by 26.2% to $1.74.

CDW Corporation reported a strong fourth quarter with a 9.2% increase in net sales, reaching $4,956.2 million. Net income increased by 28.4% to $238.3 million, and non-GAAP net income per diluted share rose by 16.1% to $1.82. The company's performance was driven by growth in the Public segment, particularly in Education and Government sectors.

CDW Corporation announced third quarter 2020 results, with total net sales of $4,756.4 million, a decrease of 3.1 percent compared to the third quarter of 2019. Despite the decrease in net sales, gross profit increased by 1.1 percent, and the company increased the dividend and resumed share repurchases, while continuing to invest in their growth strategy.

CDW Corporation reported a decrease in net sales by 5.7 percent, while public segment net sales increased by 9.9 percent. The company's financial results reflected variances across diversified customer end markets related to the impact of the COVID-19 pandemic.

CDW Corporation reported a strong first quarter in 2020, with a 10.9% increase in net sales compared to the same period in 2019. The company's performance was driven by the essential role of technology for its customers and its ability to adapt to changing conditions.

CDW Corporation announced excellent topline growth and profitability for Q4 2019, with net sales reaching $4,537 million, an 11.3% increase compared to Q4 2018. The company's performance was driven by its balance across customer end markets, the breadth of its product and solutions portfolio, and the ongoing execution of its strategy for growth. Excellent operating results were amplified by share repurchases, delivering an 18 percent increase in Non-GAAP net income per diluted share for 2019.