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Sep 30, 2024
CDW Q3 2024 Earnings Report
Reported resilient margins reinforcing the integrity of the strategy, and cash flow enhancing strategic flexibility.
Key Takeaways
CDW Corporation reported a decrease in net sales by 2.0 percent, driven by declines in the Public and Corporate segments, though partially offset by the UK and Canadian operations. Gross profit decreased by 2.2 percent, while operating income increased slightly by 0.7 percent. Net income remained consistent with the previous year, and diluted earnings per share increased by 1.0 percent.
Net sales decreased by 2.0 percent compared to the third quarter of 2023.
Gross profit decreased by 2.2 percent, with gross profit margin remaining consistent at 21.8 percent.
Operating income increased by 0.7 percent, while non-GAAP operating income decreased by 4.0 percent.
Net income remained consistent, while net income per diluted share increased by 1.0 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
CDW continues to target exceeding 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