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Dec 31, 2022
CDW Q4 2022 Earnings Report
CDW's Q4 2022 earnings were reported, revealing a mix of results with a decrease in net sales but an increase in gross profit and operating income.
Key Takeaways
CDW Corporation reported a decrease in net sales for the fourth quarter of 2022, but experienced growth in gross profit, operating income, and net income. The company's full-year performance showed strong growth in net sales and profits, driven by the strength of its business model and strategy.
Total Net sales decreased by 1.8% compared to Q4 2021.
Gross profit increased by 21.1% compared to Q4 2021.
Operating income increased by 31.6% compared to Q4 2021.
Net income per diluted share increased by 33.1% compared to Q4 2021.
Revenue by Segment
Forward Guidance
In 2023, CDW is well-positioned to continue outpacing the US IT market growth by 200 to 300 basis points on a constant currency basis, focusing on customer needs and remaining the partner of choice for technology brands.
Positive Outlook
- Maintain laser focus on meeting the needs of more than 250,000 customers.
- Remaining the partner of choice for more than 1,000 leading and emerging technology brands.
- Continued focus on dividend increases.
- Managing net leverage.
- Re-establish capital allocation priorities of M&A and share repurchases.
Challenges Ahead
- Inflationary pressures.
- Level of interest rates.
- The COVID-19 pandemic, including resurgences and the emergence of new variants.
- Potential breaches of data security and failure to protect our information technology systems from cybersecurity threats.
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
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