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Mar 31, 2022
CDW Q1 2022 Earnings Report
CDW delivered record net sales and excellent profitability.
Key Takeaways
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.
Total Net sales increased by 23.0 percent compared to Q1 2021, reaching $5,949 million.
Gross profit increased by 38.8 percent to $1,104 million, with a gross profit margin of 18.6 percent.
Operating income rose by 19.6 percent to $387 million.
Net income per diluted share increased by 12.6 percent to $1.83.
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 initial 2022 outlook to outpace US IT market growth by 200 to 300 basis points on a constant currency basis.
Revenue & Expenses
Visualization of income flow from segment revenue to net income