secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001402057-23-000089
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW Q1 net sales down 14.2% YoY; EPS $1.68, non-GAAP $2.03; declares $0.59 dividend
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- Net sales $5.1B, down 14.2% YoY; diluted EPS $1.68 vs $1.83; non-GAAP EPS $2.03 vs $2.20.
- Gross profit margin improved to 21.3% from 18.6% on higher product margin and software mix.
- Corporate segment sales down 17.4%; Small Business down 22.7%; Public down 12.2% led by education -27.4%.
- CEO cites deeper-than-expected IT demand contraction but says record first-quarter margins.
- Board declares $0.59 quarterly dividend, payable June 13, 2023, to holders of record May 25.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000089/0001402057-23-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000089/cdw-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001402057-23-000089

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