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 (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.
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.