8-K
filed February 7, 2024, 6:59 PM ET
ticker CDW
CIK 0001402057
earnings
confidence high
sentiment positive
materiality 0.70
CDW Q4 net sales fall 7.7% to $5.02B; adj. EPS up 2.8% to $2.57; dividend +5%, $750M buyback authorized
CDW Corp
2023-FY EPS reported
$8.10
revenue$21,376,000,000
- Q4 net sales $5,018.5M, down 7.7% YoY; full-year net sales $21,376M, down 10.0%.
- Q4 GAAP diluted EPS $2.18 (+4.3%); non-GAAP diluted EPS $2.57 (+2.8%).
- Gross profit margin improved to 23.0% (Q4) vs 21.7% a year ago on favorable SaaS mix.
- Quarterly dividend raised 5% to $0.62/share, payable March 12 to holders of record Feb 26.
- Board authorized $750M increase to share repurchase program, incremental to $338M remaining.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CDW Corp reported FY 2023 results: revenue 21,376.0, net income 1,104.3, EPS 8.10.
- Period
- FY 2023
- Revenue
- 21,376.0
- Net income
- 1,104.3
- EPS
- 8.10
- Result
- reported results
Exact text from the filing
Net Sales $ 5,018.5 $ 5,438.3 (7.7) % $ 21,376.0 $ 23,748.7 (10.0) % Average Daily Sales 1 79.7 86.3 (7.7) 84.2 93.5 (10.0) Gross Profit 1,153.8 1,181.1 (2.3) 4,652.4 4,686.6 (0.7) Operating Income 435.0 446.6 (2.6) 1,680.9 1,735.2 (3.1) Net Income 296.1 287.2 3.1 1,104.3 1,114.5 (0.9) Net Income per Diluted Share $ 2.18 $ 2.09 4.3 $ 8.10 $ 8.13 (0.4) Non-GAAP Operating Income 2 518.7 523.1 (0.8) 2,039.1 2,050.5 (0.6) Non-GAAP Net Income per Diluted Share 2 $ 2.57 $ 2.50 2.8 % $ 9.88 $ 9.79 0.9 %
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CDW Corp reported Q4 2023 results: revenue 5,018.5, net income 296.1, EPS 2.18.
- Period
- Q4 2023
- Revenue
- 5,018.5
- Net income
- 296.1
- EPS
- 2.18
- Result
- reported results
Exact text from the filing
Net Sales $ 5,018.5 $ 5,438.3 (7.7) % $ 21,376.0 $ 23,748.7 (10.0) % Average Daily Sales 1 79.7 86.3 (7.7) 84.2 93.5 (10.0) Gross Profit 1,153.8 1,181.1 (2.3) 4,652.4 4,686.6 (0.7) Operating Income 435.0 446.6 (2.6) 1,680.9 1,735.2 (3.1) Net Income 296.1 287.2 3.1 1,104.3 1,114.5 (0.9) Net Income per Diluted Share $ 2.18 $ 2.09 4.3 $ 8.10 $ 8.13 (0.4) Non-GAAP Operating Income 2 518.7 523.1 (0.8) 2,039.1 2,050.5 (0.6) Non-GAAP Net Income per Diluted Share 2 $ 2.57 $ 2.50 2.8 % $ 9.88 $ 9.79 0.9 %
View on SEC.gov
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