---
schema_version: "secwatch.filing_event.v1"
accession: "0001402057-23-000083"
form_type: "8-K"
ticker: "CDW"
cik: "0001402057"
company_name: "CDW Corp"
filed_at: "2023-04-18T23:59:59+00:00"
generated_at: "2026-06-17T00:38:17.453540+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CDW reports preliminary Q1 net sales ~$5.1B; sees FY2023 EPS modestly below FY2022

## Summary
- Preliminary Q1 net sales of approximately $5.1B; below expectations as customers spent more cautiously.
- Full-year 2023 non-GAAP EPS expected to be modestly below full-year 2022.
- US IT market forecast to decline at a high single-digit rate in 2023; targets 200-300 bps outperformance.
- Returned approximately $280M to shareholders through dividends and share repurchases in Q1.
- Earnings conference call scheduled for May 3, 2023 at 7:30 a.m. CT.

## SEC filing metadata
- accession: 0001402057-23-000083
- form_type: 8-K
- ticker: CDW
- cik: 0001402057
- company_name: CDW Corp
- filed_at: 2023-04-18T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000083/0001402057-23-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000083/cdw-20230418.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402057-23-000083
- JSON: https://secwatch.observer/filing/0001402057-23-000083.json
- Plain text: https://secwatch.observer/filing/0001402057-23-000083.txt

## Key facts
- Earnings Releases
  CDW Corp reported the three months ended March 31, 2023 results: revenue approximately $5.1 billion. Guidance lowered.
  - Period: the three months ended March 31, 2023
  - Revenue: approximately $5.1 billion
  - Guidance: lowered
  - Result: preliminary results
  source text: of our strategy, the diversity of our business model, and the ability of our team to execute and take share," concluded Ms. Leahy. "First quarter Net sales were approximately $5.1 billion. A greater mix of high-value solutions and services contributed to strong first quarter gross margin but the magnitude of the shift to more cautious buying was significant, and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000083/0001402057-23-000083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.