{"schema_version":"secwatch.filing_event.v1","accession":"0001402057-23-000130","form_type":"8-K","ticker":"CDW","cik":"0001402057","company_name":"CDW Corp","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.798762+00:00","generated_at":"2026-06-12T12:31:21.677988+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"CDW Q2 net sales down 8.5% YoY, non-GAAP EPS up 3.2% to $2.56; declares $0.59 dividend","bullets":["Net sales $5,626M (-8.5% YoY); GAAP diluted EPS $1.92 (-5.5%); non-GAAP EPS $2.56 (+3.2%).","Corporate segment sales -15.6%, Small Business -20.8%; Public +2.3% on Government +11.8%.","Gross margin improved to 21.0% from 19.0% due to higher product margin and mix.","Operating income $412M (-5.3%); non-GAAP op income $530M (+2.6%); margin 9.4%.","Board declared $0.59 quarterly cash dividend, payable Sept 12, 2023 to holders of record Aug 25."],"urls":{"canonical":"https://secwatch.observer/filing/0001402057-23-000130","json":"https://secwatch.observer/filing/0001402057-23-000130.json","markdown":"https://secwatch.observer/filing/0001402057-23-000130.md","text":"https://secwatch.observer/filing/0001402057-23-000130.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/0001402057-23-000130-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/cdw-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:31:21.677988+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"42d1087bfa0da8ea69ce65de57aa47f86b66ffdd","claim":"CDW Corp reported Three Months Ended June 30, 2023 results: revenue $ 5,626.1, net income 262.6, EPS $ 1.92.","evidence_excerpt":"(Dollars in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Chg. 2023 2022 % Chg. Net Sales $ 5,626.1 $ 6,145.8 (8.5) $ 10,729.2 $ 12,094.9 (11.3) Average Daily Sales 1 87.9 96.0 (8.5) 83.8 95.2 (12.0) Gross Profit 1,181.5 1,168.2 1.1 2,270.9 2,272.3 (0.1) Operating Income 412.2 435.3 (5.3) 767.5 822.2 (6.7) Net Income 262.6 279.3 (6.0) 492.7 529.5 (6.9) Non-GAAP Operating Income 2 529.8 516.3 2.6 964.1 978.4 (1.5) Net Income per Diluted Share $ 1.92 $ 2.04 (5.5) $ 3.60 $ 3.87 (6.9)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/0001402057-23-000130-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Three Months Ended June 30, 2023"},{"label":"Revenue","value":"$ 5,626.1"},{"label":"Net income","value":"262.6"},{"label":"EPS","value":"$ 1.92"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"7be2e1585d2ced79796743a10410f0ac4a484e41","claim":"CDW Corp reported Six Months Ended June 30, 2023 results: revenue $ 10,729.2, net income 492.7, EPS $ 3.60.","evidence_excerpt":"(Dollars in millions, except per share amounts) Three Months Ended June 30, Six Months Ended June 30, 2023 2022 % Chg. 2023 2022 % Chg. Net Sales $ 5,626.1 $ 6,145.8 (8.5) $ 10,729.2 $ 12,094.9 (11.3) Average Daily Sales 1 87.9 96.0 (8.5) 83.8 95.2 (12.0) Gross Profit 1,181.5 1,168.2 1.1 2,270.9 2,272.3 (0.1) Operating Income 412.2 435.3 (5.3) 767.5 822.2 (6.7) Net Income 262.6 279.3 (6.0) 492.7 529.5 (6.9) Non-GAAP Operating Income 2 529.8 516.3 2.6 964.1 978.4 (1.5) Net Income per Diluted Share $ 1.92 $ 2.04 (5.5) $ 3.60 $ 3.87 (6.9)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/0001402057-23-000130-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Six Months Ended June 30, 2023"},{"label":"Revenue","value":"$ 10,729.2"},{"label":"Net income","value":"492.7"},{"label":"EPS","value":"$ 3.60"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}