earnings
confidence high
sentiment positive
materiality 0.80
CDW Q2 net sales $6.15B (+19.4% YoY); Non-GAAP EPS $2.49 (+23%); raises FY outlook
CDW Corp
2022-Q2 EPS reported
$3.87
revenue$12,094,900,000
- Net sales $6,146M (+19.4% YoY); Non-GAAP EPS $2.49 (+23% YoY); GAAP EPS $2.04 (+5.6%).
- Gross margin expanded to 19.0% from 17.2%; Corporate sales +34.2%; Healthcare +30.1%.
- Raises 2022 outlook: expects to outpace US IT market growth by 200-300 bps constant currency.
- Declares $0.50 quarterly dividend, payable Sep 9, record Aug 25; unchanged from prior.
- Operating income $435M (+17.7%); net income $279M (+1.9%) incl. prior-year gain of $36M.