secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2023-02-08T23:59:59+00:00
Accession:  0001402057-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW Q4 revenue down 1.8% but EPS up 33%; raises dividend 18%, adds $750M buyback
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000006/0001402057-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000006/cdw-20230208.htm
  HTML page:      https://secwatch.observer/filing/0001402057-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer