{"schema_version":"secwatch.filing_event.v1","accession":"0001402057-24-000002","form_type":"8-K","ticker":"CDW","cik":"0001402057","company_name":"CDW Corp","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.067533+00:00","generated_at":"2026-06-06T06:52:46.923679+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"CDW Q4 net sales fall 7.7% to $5.02B; adj. EPS up 2.8% to $2.57; dividend +5%, $750M buyback authorized","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001402057-24-000002","json":"https://secwatch.observer/filing/0001402057-24-000002.json","markdown":"https://secwatch.observer/filing/0001402057-24-000002.md","text":"https://secwatch.observer/filing/0001402057-24-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/cdw-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:52:46.923679+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":"469937de5ae53f6d082945c4ecd8196cadceb70c","claim":"CDW Corp reported FY 2023 results: revenue 21,376.0, net income 1,104.3, EPS 8.10.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"FY 2023"},{"label":"Revenue","value":"21,376.0"},{"label":"Net income","value":"1,104.3"},{"label":"EPS","value":"8.10"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d73e75cb4457e73fadd0f1d36219f9ff7d1ecd81","claim":"CDW Corp reported Q4 2023 results: revenue 5,018.5, net income 296.1, EPS 2.18.","evidence_excerpt":"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 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q4 2023"},{"label":"Revenue","value":"5,018.5"},{"label":"Net income","value":"296.1"},{"label":"EPS","value":"2.18"},{"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"}