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Sep 30, 2020
CDW Q3 2020 Earnings Report
Demonstrated balance and strength of business model, and reinforced confidence in, and commitment to, our strategy.
Key Takeaways
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.
Total Net sales decreased by 3.1 percent compared to Q3 2019.
Gross profit increased by 1.1 percent compared to Q3 2019.
Operating income decreased by 0.9 percent compared to Q3 2019.
CDW increased the dividend and is resuming share repurchases.
Revenue by Segment
Forward Guidance
The duration and varying potential implications of COVID-19 on our more than 250,000 customers remain uncertain and unknowable. However, we will remain laser-focused on meeting our customers’ needs, while being the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve and becomes increasingly essential and more complex.
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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