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Sep 30, 2021
CDW Q3 2021 Earnings Report
CDW's Q3 2021 performance was driven by record net sales and strong profitability, highlighting the strength of the business model and diverse customer end markets.
Key Takeaways
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.
Total Net sales in the third quarter of 2021 were $5,300 million, an increase of 11.4 percent compared to the third quarter of 2020.
Third quarter Net sales performance included growth in the Corporate and Small Business segments, while the Public segment experienced a decrease.
Gross profit in the third quarter of 2021 was $915 million, an increase of 10.8 percent compared to the third quarter of 2020.
Net income per diluted share for the third quarter of 2021 was $1.91, an increase of 43.2 percent compared to $1.33 for the third quarter of 2020.
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 2021 outlook to outpace US IT market growth by 200 to 300 basis points on a constant currency basis.
Positive Outlook
- Continue to execute our strategy
- Invest in the business
- Meeting the needs of our more than 250,000 customers in the United States
- Meeting the needs of our more than 250,000 customers in the United Kingdom and Canada
- Remaining the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve
Revenue & Expenses
Visualization of income flow from segment revenue to net income