Loading...
•
Dec 31, 2020
CDW Q4 2020 Earnings Report
CDW's Q4 2020 performance demonstrated the power of its business model amidst global challenges.
Key Takeaways
CDW Corporation reported a strong fourth quarter with a 9.2% increase in net sales, reaching $4,956.2 million. Net income increased by 28.4% to $238.3 million, and non-GAAP net income per diluted share rose by 16.1% to $1.82. The company's performance was driven by growth in the Public segment, particularly in Education and Government sectors.
Total Net sales increased by 9.2% compared to Q4 2019, reaching $4,956 million.
Net income rose by 28.4% to $238 million, or $1.65 per diluted share.
Non-GAAP net income increased by 15.0% to $264 million, or $1.82 per diluted share.
Public segment Net sales increased by 46.5%, driven by Education and Government sectors.
Revenue by Segment
Forward Guidance
For 2021, CDW expects to continue 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
- Laser-focused on meeting the needs of our more than 250,000 customers in the United States, the United Kingdom and Canada
- Remaining the partner of choice for more than 1,000 leading and emerging technology brands
- Technology market continues to evolve
Challenges Ahead
- Macroeconomic uncertainty continues in the near term
- Focus on what we can control
- COVID-19 pandemic
- Associated impact on our business
- Global and regional economic and political conditions
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
Loading earnings performance data...
Loading earnings reaction data...