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 (Nasdaq:CDW) reported second-quarter 2021 net sales of $5,146 million, up 17.9% from $4,366 million in 2020, driven by a surge in demand from commercial customers. Gross profit rose to $883 million, an 18.2% increase, with a gross profit margin of 17.2%. Net income reached $274 million, a 44.9% increase compared to $189 million in Q2 2020. CDW expects mid-teens growth in Non-GAAP net income per diluted share for 2021, after reporting a quarterly cash dividend of $0.40. The company remains optimistic about exceeding its growth outlook in the US IT market.
CDW Corporation (Nasdaq: CDW) has announced the acquisition of Focal Point Data Risk, a leading cybersecurity services provider. This strategic move aims to enhance CDW's services portfolio, particularly in security consulting and workforce development, to better address cyber threats and comply with evolving data protection laws. Focal Point has a strong presence in regulated industries, including government and healthcare. The financial terms of the deal were not disclosed, and Focal Point is not expected to materially impact CDW's 2021 Non-GAAP earnings per share.
CDW Corporation (Nasdaq: CDW) will host a webcast on August 4, 2021, at 7:30 a.m. CT to discuss its second quarter 2021 results. The live audio webcast will be available at investor.CDW.com. The company's net sales for the trailing twelve months ended March 31, 2021, reached approximately $19 billion. A replay of the call will also be accessible shortly after the event.
CDW Corporation (Nasdaq: CDW), a top provider of IT solutions in North America and the UK, announced that CFO Collin B. Kebo will participate in virtual investor conferences. The sessions include the Evercore ISI Inaugural TMT Conference on June 7, 2021, at 7:45 a.m. CT, and the 44th Nasdaq Investor Conference on June 15, 2021, at 9:30 a.m. CT. Both events will be webcast live, with recordings available on the CDW investor relations website. CDW generated approximately $19 billion in net sales for the trailing twelve months ending March 31, 2021.
CDW Corporation (Nasdaq: CDW) announces the retirement of CFO Collin B. Kebo, effective after a successor is appointed. Kebo, who joined CDW in 2008, has played a crucial role in the company's financial strategy. His retirement is part of a planned transition, and he will remain engaged until the process is complete. Coinciding with this announcement, CDW reported record Q1 net sales and non-GAAP earnings per share, raising its fiscal year 2021 outlook and reinforcing its reputation as a leader in IT solutions across North America.
CDW Corporation (Nasdaq: CDW) announced a quarterly cash dividend of $0.40 per common share, reflecting a 5.3% increase from last year. The dividend will be paid on June 10, 2021, to shareholders of record as of May 25, 2021. Since its IPO in June 2013, CDW's dividend has increased over nine-fold, with approximately $3.8 billion returned to shareholders through dividends and share repurchases. The company emphasizes that dividends are a key part of its capital allocation strategy, alongside managing leverage and strategic acquisitions.
CDW Corporation (Nasdaq:CDW) reported strong Q1 2021 results, with net sales reaching $4,838 million, a 10.2% increase from $4,389 million in Q1 2020. Gross profit grew to $795 million, a 5.1% rise year-over-year, while operating income surged 31.6% to $323 million. Non-GAAP net income per diluted share rose 26.2% to $1.74. CDW's board approved a quarterly dividend of $0.40, set for June 10, 2021. The company anticipates low double-digit growth in Non-GAAP net income per diluted share for 2021, exceeding previous market growth expectations.
CDW Corporation (Nasdaq: CDW) will host a webcast conference call on May 5, 2021, at 7:30 a.m. CT to discuss its first-quarter 2021 results. The call will be accessible on investor.CDW.com, where participants can find the press release and presentation slides. A replay will be available shortly after the call. CDW, a Fortune 500 company, generated over $18 billion in net sales for the fiscal year ending December 31, 2020, and serves business, government, education, and healthcare sectors across the U.S., U.K., and Canada.
CDW Corporation (Nasdaq: CDW) has appointed Sanjay Mehrotra to its board of directors, effective March 24, 2021. Mehrotra, currently CEO of Micron Technology, brings extensive experience from co-founding SanDisk Corporation. The recruitment is part of CDW's strategy to enhance board diversity and innovation. Concurrently, the company acknowledged the retirement of board members Steven Alesio, Barry Allen, and Benjamin Chereskin, effective before the annual stockholders meeting on May 20, 2021, reducing the board size to ten members. CDW generated net sales exceeding $18 billion in 2020.
CDW Corporation (Nasdaq: CDW) has acquired Amplified IT, a leading education-focused consultancy, enhancing its capabilities in the K12 and Higher Education markets. The acquisition is intended to address the increasing technology needs of educational institutions, combining Amplified IT's expertise with CDW's extensive reach. Amplified IT, a Google Premium education partner, specializes in providing insights and consulting services for schools utilizing Google Cloud. The financial terms were not disclosed, but the acquisition is expected to be minimally accretive to CDW's 2021 non-GAAP earnings per share.