CDW Q2 revenue down 3.6% to $5.42B; EPS up 7.5% to $2.07; dividend $0.62

CDW Corp

2024-Q2 EPS reported $3.66 revenue$10,296,100,000

Net sales $5.42B (-3.6% YoY); GAAP EPS $2.07 (+7.5%); Non-GAAP EPS $2.50 (-2.6%).
Gross margin expanded 80bps to 21.8% on higher netted-down SaaS revenue.
Segment sales: Corporate -2.2%, Small Business -3.4%, Public -2.3%; UK/Canada -12.7%.
Quarterly cash dividend of $0.62/share declared, payable Sept 10, record Aug 26.
CEO cites strong cloud/security/services; demand limited by economic uncertainty.

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