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Sep 30, 2022
CDW Q3 2022 Earnings Report
Delivered record net sales and profitability, demonstrating the ability to meet customers' evolving business needs.
Key Takeaways
CDW Corporation announced third quarter 2022 results, reporting record net sales of $6,215.5 million, a 17.3% increase compared to the third quarter of 2021. The company's EPS increased by 13.7% to $2.17, and non-GAAP EPS increased by 22.0% to $2.60.
Net sales in the third quarter of 2022 were $6,216 million, compared to $5,300 million in the third quarter of 2021, an increase of 17.3 percent.
Gross profit in the third quarter of 2022 was $1,233 million, compared to $915 million for the third quarter of 2021, representing an increase of 34.8 percent.
Operating income was $466 million in the third quarter of 2022, compared to $386 million in the third quarter of 2021, representing an increase of 20.7 percent.
Non-GAAP net income per diluted share for the third quarter of 2022 was $2.60, compared to $2.13 for the third quarter of 2021, representing an increase of 22.0 percent.
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
We expect our premium on US IT market growth to be at the higher end of our prior 325 to 425 basis point expected range on a constant currency basis.
Positive Outlook
- Execute our strategy
- Invest in the business
- Be laser-focused on meeting the needs of our more than 250,000 customers around the globe
- Remain the partner of choice for more than 1,000 leading and emerging technology brands
- Market continues to evolve
Revenue & Expenses
Visualization of income flow from segment revenue to net income