CDW Corporation
157.32+1.16 (+0.74%)
Oct 29, 4:00:01 PM EDT · NasdaqGS · CDW · USD
Key Stats
Market Cap
20.62BP/E (TTM)
19.57Basic EPS (TTM)
8.04Dividend Yield
0.02%Recent Filings
8-K
Chawla retires from CDW leadership
10-Q
Q2 FY2025 results
CDW's Q2 sales climbed 10.2% year-over-year to $5.98B, fueled by strong demand in notebooks, software, and netcomm across corporate and small business segments, while public lagged slightly. Gross profit rose 4.9% to $1.24B, but margins slipped to 20.8% from 21.8% due to softer hardware pricing. Operating income dipped 3.0% to $420M amid higher expenses, yet diluted EPS held steady at $2.05 on 132.4 million shares. Cash from operations fell to $443M for the half-year, with free cash flow at $394M after $49M capex; debt stands at $5.6B with $1.2B revolver availability. The Mission acquisition closed in November 2024 for $330M cash, adding goodwill and intangibles. Still, economic uncertainty clouds IT spending patterns.
8-K
CDW Q2 sales surge 10.2%
CDW Corporation reported Q2 2025 net sales of $5,977 million, up 10.2% from $5,423 million last year, fueled by robust corporate (17.6%) and healthcare (24.1%) demand for notebooks, software, and servers, yet operating income dipped 3.0% to $420 million amid higher expenses and margin pressure to 20.8%. The board declared a $0.625 per share quarterly dividend, payable September 10 to holders of record August 25, underscoring steady cash returns. Growth persists despite economic uncertainty.
8-K
CDW annual meeting results
CDW Corporation's stockholders at the May 20, 2025 Annual Meeting elected all eleven board nominees, including Virginia C. Addicott and James A. Bell, with overwhelming majorities exceeding 99% for most. They approved executive compensation on an advisory basis by 91% and ratified Ernst & Young as auditors with 97% support. Yet a stockholder proposal for written consent rights passed narrowly, 51% to 49%. This signals strong governance alignment but hints at activism on procedural efficiencies.
10-Q
Q1 FY2025 results
CDW's Q1 net sales climbed 6.7% year-over-year to $5.2B, fueled by strong demand for notebooks, desktops, software, and services across corporate, public, and international segments, though gross margin dipped to 21.6% from a heavier mix of lower-margin hardware. Operating income rose 10.2% to $361M, lifting the margin to 7.0%, while diluted EPS edged up 6.3% to $1.69 on 133.5 million shares—consistent with net income of $225M. Cash from operations fell to $287M amid higher receivables and inventory builds, yielding free cash flow of $260M after $27M capex, yet liquidity holds firm with $471M cash, $217M short-term investments, and $1.3B revolver availability against $5.9B total debt (various notes maturing 2025-2034 at 2.7%-5.6%). The Mission Cloud acquisition closed in November 2024 for $330M cash, adding preliminary goodwill without immediate synergies noted. Solid gains persist, but economic uncertainty tempers public-sector spending.
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