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Dec 31, 2021
CDW Q4 2021 Earnings Report
CDW's Q4 2021 performance demonstrated the strength of its business model and strategy, with strong results across customer end markets and product portfolio, also the Sirius Computer Solutions, Inc. acquisition was completed.
Key Takeaways
CDW Corporation reported strong fourth quarter results with net sales increasing by 11.7% to $5,537 million. The acquisition of Sirius contributed $197 million to net sales. Non-GAAP net income per diluted share increased by 14.0% to $2.08. The company is focused on reducing debt after financing the Sirius acquisition.
Total Net sales increased by 11.7% compared to Q4 2020, reaching $5,537 million.
Corporate segment Net sales increased by 33.1% compared to 2020.
Small Business segment Net sales increased by 30.9% compared to 2020.
Public segment Net sales decreased by 13.1% compared to 2020, driven by declines in Government and Education.
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 continue to outpace US IT market growth by 200 to 300 basis points on a consolidated, constant currency basis. The company will continue to execute its strategy, invest in the business, and focus on meeting customer needs.
Positive Outlook
- Continue to outpace US IT market growth by 200 to 300 basis points
- Continue to execute our strategy
- Invest in the business
- Be laser-focused on meeting the needs of our more than 250,000 customers
- Remaining the partner of choice for more than 1,000 leading and emerging technology brands
Revenue & Expenses
Visualization of income flow from segment revenue to net income