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 (NASDAQ: CDW) is a Fortune 500 and S&P 500 company that describes itself as a leading multi-brand provider of information technology solutions for business, government, education and healthcare customers in the United States, the United Kingdom and Canada. The CDW news page on Stock Titan aggregates company announcements, earnings releases and other updates that reflect how CDW operates within the business-to-business electronic markets and wholesale trade sector.
Investors and observers following CDW news can expect regular coverage of quarterly earnings results, where the company discusses net sales, segment performance across Corporate, Small Business, Public, UK and Canada operations, and the contribution of services, cloud offerings and complex infrastructure solutions. These releases often include management commentary on customer demand trends, technology spending patterns and the factors influencing margins and cash flow.
CDW’s news flow also features Board-approved quarterly cash dividends and related capital allocation updates, reflecting the company’s stated priorities of dividends, share repurchases, strategic mergers and acquisitions and capital structure management. Leadership announcements, such as appointments or transitions in roles like Chief Services and Solutions Officer or Chief Growth and Innovation Officer, provide insight into how CDW aligns its organization with its go-to-market strategy and digital transformation efforts.
Additional items may include participation in investor conferences, webcasts to discuss financial results and updates on initiatives that enhance CDW’s technology services and solutions capabilities. By reviewing CDW news on this page, readers can track how the company communicates its performance, strategic focus and risk considerations over time.
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.
CDW Corporation (Nasdaq: CDW) announces a quarterly cash dividend of $0.50 per share, set to be paid on December 10, 2021. This dividend reflects a 25% increase over last year's amount, representing approximately 25% of the trailing-twelve-month Non-GAAP net income through September 30, 2021. This marks the eighth consecutive year of dividend growth since its IPO in June 2013, with an impressive compound annual growth rate of 36%. Since then, CDW has returned about $4.8 billion to shareholders through repurchases and dividends.
CDW Corporation reported robust Q3 2021 results, with net sales of $5.3 billion, an 11.4% increase from Q3 2020. Net income surged 38% to $267 million, translating to $1.91 per diluted share, up 43.2% year-over-year. The company experienced growth across all segments except Public, which saw a 6.1% decline. Operating income rose 21.6% to $386 million, bolstered by share repurchases. CDW anticipates high-teens growth in Non-GAAP net income per diluted share for 2021, reflecting confidence in its strategic direction and market performance.
CDW Corporation (Nasdaq: CDW) will host a webcast conference call to discuss its third quarter 2021 results on November 3, 2021, at 7:30 a.m. CT. Interested participants can access the live webcast via investor.CDW.com, where the press release and presentation slides will also be available beforehand. CDW is a major multi-brand provider of IT solutions, generating approximately $20 billion in net sales for the trailing twelve months ending June 30, 2021.
CDW Corporation announced a definitive agreement to acquire Sirius Computer Solutions for $2.5 billion. This acquisition aims to significantly enhance CDW's service and solution capabilities across technology sectors including hybrid infrastructure and cloud services. The combined entities would have had 2020 net sales of approximately $20.5 billion. The deal is expected to improve CDW's gross margin by 110 basis points and contribute $0.62 to non-GAAP earnings per diluted share. Closing is anticipated by December 2021, pending regulatory approvals.
CDW Corporation (Nasdaq: CDW) has announced participation in the Citi 2021 Global Technology Virtual Conference. CEO Christine A. Leahy, CFO Albert J. Miralles, and former CFO Collin B. Kebo will engage in a Q&A session on September 15, 2021, at 12:00 p.m. CT. The event will be webcast live, with an archived version available for a year on the CDW investor website. CDW, a Fortune 500 company, generated approximately $20 billion in net sales for the trailing twelve months ending June 30, 2021.
CDW Corporation (Nasdaq: CDW) announced the appointment of Al Miralles as senior vice president and chief financial officer, effective September 7. He succeeds Collin B. Kebo, who is retiring after 13 years. Miralles brings 30 years of financial experience, having previously served as CFO at CNA Financial Corporation. President Christine A. Leahy expressed confidence in Miralles' ability to drive profitable growth and thanked Kebo for his leadership. CDW, a top IT solutions provider, reported net sales of approximately $20 billion in the trailing twelve months ending June 30, 2021.
CDW Corporation (Nasdaq: CDW) has declared a quarterly cash dividend of $0.40 per common share, reflecting a 5.3% increase from last year. The dividend will be paid on September 10, 2021, to stockholders of record as of August 25, 2021. Since its IPO in June 2013, CDW's dividend has increased over nine-fold, returning approximately $4.3 billion to shareholders through dividends and share repurchases. CDW remains committed to its capital allocation priorities, focusing on delivering value to its shareholders, customers, and partners.