CDW reports Q3 record net sales of $6.22B; raises dividend 18% to $0.59/share

CDW Corp

2022-Q3 EPS reported $6.04 revenue$18,310,400,000

Net sales $6,215.5M (+17.3% YoY); GAAP EPS $2.17 (+13.7%), Non-GAAP EPS $2.60 (+22.0%).
Corporate segment sales +24.7%; Public segment +12.6% (Healthcare +27.7%).
Non-GAAP operating margin 8.8% vs 8.2% a year ago; gross margin improved to 19.8%.
Quarterly dividend increased 18% to $0.59/share, payable Dec 9 to Nov 25 record; ninth year of increases.
Management expects premium on US IT market growth at higher end of 325-425 bps range.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CDW Corp reported third quarter 2022 results: revenue $6,215.5, net income $297.8, EPS $2.17.

Period: third quarter 2022
Revenue: $6,215.5
Net income: $297.8
EPS: $2.17
Result: reported results

Exact text from the filing

Model and Strategy (Dollars in millions, except per share amounts) Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 % Chg. 2022 2021 % Chg. Net Sales $ 6,215.5 $ 5,300.0 17.3 $ 18,310.4 $ 15,283.9 19.8 Average Daily Sales 1 97.1 82.8 17.3 95.9 80.0 19.8 Gross Profit 1,233.2 914.9 34.8 3,505.5 2,592.9 35.2 Operating Income 466.4 386.4

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Source: SEC EDGAR

accession 0001402057-22-000158

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