secwatch.observer — SEC 8-K summary
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Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0001402057-24-000002
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/0001402057-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205724000002/cdw-20240207.htm
  HTML page:      https://secwatch.observer/filing/0001402057-24-000002

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