---
schema_version: "secwatch.filing_event.v1"
accession: "0001402057-23-000168"
form_type: "8-K"
ticker: "CDW"
cik: "0001402057"
company_name: "CDW Corp"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:15:47.898294+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CDW Q3 EPS $2.32 (+6.9% YoY) on revenue $5.6B (-9.4%); dividend raised 5% to $0.62

## Summary
- Net sales $5,628M, down 9.4% YoY; average daily sales down 8.0% amid economic uncertainty.
- Diluted EPS $2.32 (GAAP) and $2.72 (non-GAAP), up 6.9% and 4.4% respectively.
- Gross margin expanded to 21.8% from 19.8%; operating income margin 8.5% vs 7.5%.
- Segment: Corporate -12.3%, Small Business -21.7%, Public +1.5%, UK/Canada -15.4%.
- Quarterly dividend raised 5% to $0.62 per share, payable Dec 12, 2023; 10th consecutive annual increase.

## SEC filing metadata
- accession: 0001402057-23-000168
- form_type: 8-K
- ticker: CDW
- cik: 0001402057
- company_name: CDW Corp
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000168/0001402057-23-000168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000168/cdw-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402057-23-000168
- JSON: https://secwatch.observer/filing/0001402057-23-000168.json
- Plain text: https://secwatch.observer/filing/0001402057-23-000168.txt

## Key facts
- Earnings Releases
  CDW Corp reported third quarter 2023 results: revenue $5,628.3 million, net income $315.5 million, EPS $2.32.
  - Period: third quarter 2023
  - Revenue: $5,628.3 million
  - Net income: $315.5 million
  - EPS: $2.32
  - Result: reported results
  source text: leading and emerging technology brands as the IT market continues to evolve," concluded Leahy. 1 Third Quarter of 2023 Highlights: Net sales in the third quarter of 2023 were $5,628 million, compared to $6,216 million in the third quarter of 2022, a decrease of 9.4 percent. There were 63 and 64 selling days for the three months ended September 30, 2023 and 2022,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1402057/000140205723000168/0001402057-23-000168-index.htm

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