Welcome to our dedicated page for CDW news (Ticker: CDW), a resource for investors and traders seeking the latest updates and insights on CDW stock.
CDW Corporation reports news about its role as a multi-brand provider of information technology solutions for business, government, education and healthcare customers in the United States, the United Kingdom and Canada. Company updates commonly cover hardware, software, integrated IT solutions and services across hybrid infrastructure, cloud capabilities, digital experience and security.
Recurring CDW developments include operating results, quarterly cash dividends, investor conference participation, executive and strategy roles, segment activity and cybersecurity research from CDW Canada. News also reflects customer demand trends across Commercial, Government, Education and international operations grouped in Other.
CDW Corporation has declared a quarterly cash dividend of $0.50 per common share, marking a 25% increase from last year. The dividend will be paid on March 10, 2022, to stockholders of record as of February 25, 2022. Since its IPO in June 2013, CDW's dividend has increased tenfold, returning over $5.2 billion to shareholders through repurchases and dividends. The company aims to reduce its debt ratio to a target range of 2.5 to 3.0 times in 2022 after its $2.5 billion acquisition of Sirius.
CDW Corporation (Nasdaq: CDW) reported strong financial results for Q4 and FY 2021. Q4 net sales increased by 11.7% to $5.54 billion, driven partly by the $197 million contribution from the acquisition of Sirius. Full-year net sales reached $20.82 billion, up 12.7% year-over-year. However, net income for Q4 dropped 9.7% to $215 million, with diluted EPS at $1.57. The Board approved a quarterly dividend of $0.50 per share, a 25% increase from the prior year. CDW projects continued growth, expecting to outperform the US IT market by 200 to 300 basis points in 2022.
CDW Corporation has received the 2021 Global Customer Value Leadership Award from Frost & Sullivan for its impactful digital transformation services provided to over 4,000 customers using its Amplified™ Services portfolio. Strategic acquisitions have expanded CDW's service offerings, which now encompass managed services across various sectors including cloud and security. The company reports an NPS of 54 for managed services and 68 for professional services, indicating customer satisfaction. With over $20 billion in net sales, CDW continues to grow its billion-dollar services business as a preferred digital transformation partner.
CDW Corporation (NASDAQ:CDW) will hold a webcast conference call on February 9, 2022, at 7:30 a.m. CT to discuss its fourth quarter and full year 2021 results. Interested parties can access the live audio webcast at investor.CDW.com. The press release and presentation slides will be available on the same site before the call. CDW generated over $20 billion in net sales for the twelve months ending September 30, 2021, and employs about 11,000 coworkers across the U.S., U.K., and Canada.
Hewlett Packard Enterprise (HPE) announced that CDW has adopted its HPE GreenLake edge-to-cloud platform to enhance its ServiceWorks offerings. The partnership aims to scale operations and improve financial flexibility, eliminating the need for large upfront capital investments. CDW will benefit from a pay-per-usage model, enabling better cost management aligned with revenue. This collaboration is expected to enhance the deployment of Desktop-as-a-Service solutions to meet growing customer demand, particularly in the post-pandemic landscape.
Clearfind has partnered with CDW Corporation (NASDAQ: CDW) to leverage its data-driven software optimization solution. This partnership aims to enhance visibility into software environments, providing actionable insights to improve operational efficiency and reduce costs for CDW's customers. The Clearfind platform categorizes software into 'Review,' 'Consolidate,' and 'Keep' buckets, addressing redundancy in software ecosystems. This solution is available to customers starting today, promising better management of over 50,000 software products.
On December 2, 2021, Clayton, Dubilier & Rice completed the sale of Sirius Computer Solutions to CDW for $2.5 billion. CDW previously acquired Sirius from CD&R in a $1.5 billion transaction in 2019. Under CD&R's ownership, Sirius focused on growth areas such as Security and Cloud. This sale marks CD&R's third technology sector exit since 2019, contributing to its total investment of $4.1 billion in technology-enabled services. CD&R has managed investments exceeding $35 billion, emphasizing its strategy of enhancing company profitability.
CDW Corporation has completed the acquisition of Sirius Computer Solutions for $2.5 billion in cash. This acquisition is set to enhance CDW's capabilities in key growth areas, including Hybrid Infrastructure, Security, and Cloud Services. The integration aims to expand service offerings, improve profitability, and diversify CDW's portfolio. With an initial net leverage ratio of approximately 3.3x, CDW plans to reduce this to 2.5x to 3.0x by the end of 2022. Management believes that this merger will bolster customer relations and drive significant value for shareholders.
CDW Corporation (NASDAQ: CDW) announced a $2.5 billion offering of senior notes to fund its acquisition of Granite Parent Inc., the parent company of Sirius Computer Solutions, Inc. The offering is expected to close on December 1, 2021, contingent upon customary closing conditions. The notes will be guaranteed by CDW and its subsidiaries. Proceeds will also cover associated fees and expenses. CDW is a leading technology solutions provider, generating over $20 billion in net sales for the trailing twelve months ending September 30, 2021.
CDW Corporation (Nasdaq: CDW) announced plans to offer senior notes to fund its $2.5 billion acquisition of Granite Parent Inc., the parent company of Sirius Computer Solutions. Proceeds from the Notes Offering will also cover related fees and expenses. The offering is subject to market conditions and will be fully guaranteed by CDW and certain subsidiaries. J.P. Morgan, BofA Securities, and others are joint book-running managers for the offering. The press release includes forward-looking statements regarding the offering and acquisition, subject to various risks and uncertainties.