secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001402057-23-000168
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000168/0001402057-23-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205723000168/cdw-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001402057-23-000168

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