CDW Corporation

CDW

Equity

ISIN US12514G1085 / Valor 21034308

NASDAQ (2024-11-21)

USD 178.17+1.24%

CDW Corporation
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About company

CDW Corporation, established in 1984, operates as a prominent provider of information technology solutions, catering to a diverse clientele that includes businesses, government entities, educational institutions, and healthcare organizations across the United States, the United Kingdom, and Canada. As a Fortune 500 company and a constituent of the S&P 500 Index, CDW has built a reputation for delivering a wide range of IT products and services. With a workforce of approximately 15,100 employees, the company has demonstrated significant financial performance, reporting net sales of around $21 billion for the twelve-month period ending December 31, 2023. CDW's multi-brand strategy enables it to meet the specific needs of its customers, reinforcing its position as a key player in the IT solutions sector.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

CDW Corporation reported net sales of $5,423 million for the second quarter of 2024, a decrease of 3.6 percent compared to $5,626 million in the second quarter of 2023. This decline reflects ongoing economic uncertainty and a complex technology landscape, which has led customers to be more cautious in their technology spending.

Gross Profit

Gross profit for CDW Corporation in the second quarter of 2024 was $1,183 million, slightly up by 0.1 percent from $1,182 million in the same quarter of 2023. The gross profit margin increased to 21.8 percent from 21.0 percent, primarily due to a higher contribution of netted down revenue, particularly from software as a service.

Operating Income

CDW Corporation's operating income for the second quarter of 2024 was $433 million, an increase of 5.1 percent compared to $412 million in the second quarter of 2023. Non-GAAP operating income, however, decreased by 3.7 percent to $510 million from $530 million in the same period last year.

Net Income

Net income for CDW Corporation in the second quarter of 2024 was $281 million, up 7.0 percent from $263 million in the second quarter of 2023. Non-GAAP net income decreased by 2.9 percent to $339 million from $349 million in the same quarter of the previous year.

Dividends

CDW Corporation announced that its Board of Directors approved a quarterly cash dividend of $0.62 per common share. This dividend will be paid on September 10, 2024, to all stockholders of record as of the close of business on August 26, 2024.

Summarized from source with an LLMView Source

Key figures

-17.8%1Y

-9.12%3Y

29.5%5Y

Performance

26.9%1Y

28.1%3Y

32.9%5Y

Volatility