secwatch.observer — SEC 8-K summary
======================================

Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2023-04-18T23:59:59+00:00
Accession:  0001402057-23-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000083/0001402057-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000083/cdw-20230418.htm
  HTML page:      https://secwatch.observer/filing/0001402057-23-000083

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