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Mar 31, 2021
CDW Q1 2021 Earnings Report
CDW's first quarter 2021 results were announced, showcasing the strength of its business model and strategy.
Key Takeaways
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.
Total Net sales increased by 10.2 percent compared to the first quarter of 2020.
Net income per diluted share increased by 40.3 percent.
Non-GAAP net income per diluted share increased by 26 percent.
The company now expects 2021 constant currency Non-GAAP net income per diluted share growth of low double-digits.
CDW
CDW
CDW Revenue by Segment
Revenue by Segment
Corporate Revenue
CapyFin.comSmall Business Revenue
CapyFin.comPublic Revenue
CapyFin.comOther (UK & Canada) Revenue
CapyFin.com Forward Guidance
CDW expects to exceed its previous 2021 outlook of outpacing the US IT market growth by 200 to 300 basis points on a constant currency basis. The company anticipates continued execution of its strategy and investment in the business to meet customer needs.
Positive Outlook
- Expects to exceed previous 2021 outlook of outpacing the US IT market growth by 200 to 300 basis points.
- Will continue to execute strategy.
- Will continue to invest in the business.
- Laser-focused on meeting the needs of more than 250,000 customers.
- Remaining the partner of choice for more than 1,000 leading and emerging technology brands.
Revenue & Expenses
Visualization of income flow from segment revenue to net income