8-K
filed February 8, 2023, 6:59 PM ET
ticker CDW
CIK 0001402057
earnings
confidence high
sentiment positive
materiality 0.80
CDW Q4 revenue down 1.8% but EPS up 33%; raises dividend 18%, adds $750M buyback
CDW Corp
2022-FY EPS reported
$8.13
revenue$23,748,700,000
- Net income per diluted share $2.09 (GAAP), $2.50 non-GAAP, up 33% and 21% YoY.
- Total net sales $5.44B, down 1.8% YoY; constant currency down 0.4%.
- Corporate segment up 6.9%; Small Business down 13.1%; Public down 8.7% (Education -30.9%).
- Board approved $750M increase to share repurchase authorization; quarterly dividend raised 18% to $0.59/share.
- Full-year 2022 non-GAAP EPS $9.79, up 22.9% YoY; net leverage reduced to targeted range.
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 the three months ended December 31, 2022 results: revenue $5,438.3, net income 287.2, EPS $2.09.
- Period
- the three months ended December 31, 2022
- Revenue
- $5,438.3
- Net income
- 287.2
- EPS
- $2.09
- Result
- reported results
Exact text from the filing
Net Sales $ 5,438.3 $ 5,536.9 (1.8) % $ 23,748.7 $ 20,820.8 14.1 % Average Daily Sales 1 86.3 87.9 (1.8) 93.5 82.0 14.1 Gross Profit 1,181.1 975.6 21.1 4,686.6 3,568.5 31.3 Operating Income 446.6 339.3 31.6 1,735.2 1,419.0 22.3 Net Income 287.2 215.3 33.4 1,114.5 988.6 12.7 Non-GAAP Operating Income 2 523.1 424.5 23.2 2,050.5 1,645.4 24.6 Net Income per Diluted Share $ 2.09 $ 1.57 33.1 $ 8.13 $ 7.04 15.6 Non-GAAP Net Income per Diluted Share 2 $ 2.50 $ 2.08 20.6 % $ 9.79 $ 7.97 22.9 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CDW Corp reported the year ended December 31, 2022 results: revenue $23,748.7, net income 1,114.5, EPS $8.13.
- Period
- the year ended December 31, 2022
- Revenue
- $23,748.7
- Net income
- 1,114.5
- EPS
- $8.13
- Result
- reported results
Exact text from the filing
Net Sales $ 5,438.3 $ 5,536.9 (1.8) % $ 23,748.7 $ 20,820.8 14.1 % Average Daily Sales 1 86.3 87.9 (1.8) 93.5 82.0 14.1 Gross Profit 1,181.1 975.6 21.1 4,686.6 3,568.5 31.3 Operating Income 446.6 339.3 31.6 1,735.2 1,419.0 22.3 Net Income 287.2 215.3 33.4 1,114.5 988.6 12.7 Non-GAAP Operating Income 2 523.1 424.5 23.2 2,050.5 1,645.4 24.6 Net Income per Diluted Share $ 2.09 $ 1.57 33.1 $ 8.13 $ 7.04 15.6 Non-GAAP Net Income per Diluted Share 2 $ 2.50 $ 2.08 20.6 % $ 9.79 $ 7.97 22.9 %
View on SEC.gov
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