earnings
confidence high
sentiment negative
materiality 0.75
CDW Q1 net sales down 4.5% to $4.87B; EPS $1.59; declares $0.62 dividend
CDW Corp
2024-Q1 EPS reported
$1.59
revenue$4,872,700,000
- Net sales $4,873M, down 4.5% YoY; gross profit margin improved to 21.8% from 21.3%.
- GAAP net income $216.1M ($1.59/diluted share); non-GAAP net income $260.8M ($1.92/diluted share).
- Segment declines: Corporate -3.1%, Small Business -7.4%, Public -4.9%, Other (UK/Canada) -6.5%.
- Quarterly cash dividend of $0.62 per share declared, payable June 11 to record holders May 24.