secwatch.observer — SEC 8-K summary
======================================

Issuer:     CDW Corp (CDW)
CIK:        0001402057
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001402057-25-000191
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CDW Q3 2025: net sales up 4% YoY to $5.74B; GAAP EPS down 5.8%, non-GAAP EPS up 3%; dividend raised 1%
--------------------------------------------------------------------------------

- Q3 net sales $5.74B (+4% YoY); GAAP diluted EPS $2.21 (-5.8%); non-GAAP diluted EPS $2.71 (+3%).
- Operating income $443M (-8%); non-GAAP operating income $531M (-0.6%); operating margin 7.7% vs 8.7%.
- Small Business segment led growth (+14.2%); Corporate +4.4%; Public +0.6%; Other +9.1%.
- Quarterly dividend increased ~1% to $0.630/share, payable Dec 10, 2025 to holders of record Nov 25.
- Management reaffirms target to exceed US IT market growth by 200-300 bps on constant currency basis.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402057/000140205725000191/0001402057-25-000191-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402057/000140205725000191/cdw-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001402057-25-000191

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