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Mar 31, 2020
CDW Q1 2020 Earnings Report
CDW's first quarter earnings were reported, showcasing the strength of their business model and strategy.
Key Takeaways
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.
Net sales increased by 10.9% compared to Q1 2019, reaching $4,389.2 million.
Gross profit increased by 12.6% compared to Q1 2019, reaching $756.5 million.
Operating income increased by 7.4% compared to Q1 2019, reaching $245.8 million.
Net income per diluted share increased by 13.1% compared to Q1 2019, reaching $1.16.
Revenue by Segment
Forward Guidance
The depth and duration of the impact from COVID-19 is unknown. It is still too early to predict how it will impact our customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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