secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001402057-22-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW Q1 net sales $5.95B (+23% YoY); non-GAAP EPS $2.20 (+26.6%)
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- Net sales record $5.95B (+23% YoY); GAAP EPS $1.83 (+12.6%); non-GAAP EPS $2.20 (+26.6%).
- Gross margin improved to 18.6% (vs 16.4% in Q1 2021) on favorable mix and higher services.
- Corporate segment net sales up 45.5%; Public +5.8%; Small Business +21.1%; Other (UK/Canada) +12.8%.
- Quarterly dividend of $0.50/share declared; payable June 10, 2022 to holders of record May 25, 2022.
- CFO reiterated target to reduce net leverage to 2.5-3.0x by end of 2022 using cash flow after dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205722000082/0001402057-22-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205722000082/cdw-20220504.htm
  HTML page:      https://secwatch.observer/filing/0001402057-22-000082

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