---
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"
generated_at: "2026-06-06T06:52:46.923679+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CDW Q4 net sales fall 7.7% to $5.02B; adj. EPS up 2.8% to $2.57; dividend +5%, $750M buyback authorized

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- 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/1402057/000140205724000002/0001402057-24-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/cdw-20240207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001402057-24-000002
- JSON: https://secwatch.observer/filing/0001402057-24-000002.json
- Plain text: https://secwatch.observer/filing/0001402057-24-000002.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm

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