secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001402057-23-000130
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW Q2 net sales down 8.5% YoY, non-GAAP EPS up 3.2% to $2.56; declares $0.59 dividend
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/0001402057-23-000130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000130/cdw-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001402057-23-000130

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