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) announced the participation of Christine A. Leahy, CEO, and Collin B. Kebo, CFO, in a Q&A session at the Morgan Stanley 2021 Technology, Media and Telecom Conference. This virtual event is scheduled for March 3, 2021, at 2:30 p.m. CT/3:30 p.m. ET. The session will be available via live webcast at investor.cdw.com, with an archived version accessible for 180 days thereafter. CDW, a Fortune 500 company, reported over $18 billion in net sales for the year ending December 31, 2020.
CDW Corporation (Nasdaq:CDW) has increased its share repurchase program by $1.25 billion and declared a quarterly cash dividend of $0.40 per share, reflecting a 5.3% increase from last year. This significant move underscores CDW's commitment to enhancing shareholder value, driving the total returned to shareholders to over $3.4 billion since its IPO in 2013. The new authorization adds to the $338 million already available in the repurchase program. Future dividends and repurchases are contingent upon Board approval and market conditions.
CDW Corporation (Nasdaq:CDW) reported strong fourth quarter and year-end results for 2020, with net sales of $4,956 million, marking a 9.2% increase year-over-year. For the full year, net sales reached $18,468 million, up 2.4%. Gross profit rose 5.6% to $3,210 million, with a gross profit margin of 17.4%. Net income for Q4 was $238 million, a 28.4% increase, leading to a diluted EPS of $1.65, up 29.6%. The Board approved a $1.25 billion increase in share repurchase authorization and announced a quarterly dividend of $0.40 per share. For 2021, CDW expects to outpace US IT market growth by 200-300 basis points.
CDW Corporation (Nasdaq:CDW) announced a webcast conference call for discussing its fourth quarter and full year 2020 results on February 10, 2021, at 7:30 a.m. CT. The call will be accessible via investor.CDW.com. The company reported net sales exceeding $18 billion for the trailing twelve months ending September 30, 2020.
CDW Corporation (Nasdaq: CDW) announced the appointment of Anthony Foxx to its board of directors, effective January 1, 2021. Foxx brings a wealth of experience from both public and private sectors, including his role as chief policy officer at Lyft and as the seventeenth United States Secretary of Transportation. His leadership at the DOT included initiatives for self-driving vehicles and smart technology integration. CDW's CEO, Christine A. Leahy, expressed confidence in Foxx's ability to provide vital insights as the company innovates for its customers.
CDW has secured a two-year contract with the Ministry of Defence and NATO’s Allied Rapid Reaction Corps (ARRC) for the LELANTOS Command, Control and Communication (C3) program. This collaboration aims to enhance the HQ’s survivability, maneuverability, and deployability through technological innovations. The program will leverage state-of-the-art technology and foster digital transformation. The partnership with Viasat UK will challenge existing capabilities and drive agile C3 innovation, reflecting the UK’s commitment to NATO.
Summary not available.
CDW Corporation (NASDAQ: CDW) announced a $700 million offering of 3.25% senior notes due in 2029, increasing its initial offering by $70 million. The notes are priced at 100% of par and the sale is expected to conclude on August 13, 2020. Proceeds will be used to redeem $600 million of outstanding senior notes due 2025 at a redemption price of 103.75%, as well as cover related fees and expenses. The offering is guaranteed by CDW Corporation and its subsidiaries.
CDW Corporation (NASDAQ: CDW) announced its intention to offer $630 million in senior notes due 2029. The proceeds will be used to redeem all outstanding $600 million senior notes due 2025 at a redemption price of 103.75%, plus accrued interest. The redemption depends on the successful pricing and closing of this offering. Morgan Stanley and other leading firms are acting as joint book-running managers for the note offering. CDW's subsidiary guarantees the notes on a senior unsecured basis, while the press release emphasizes that all forward-looking statements are subject to various risks.
CDW Corporation (Nasdaq: CDW) has declared a quarterly cash dividend of $0.38 per common share, scheduled for payment on September 10, 2020. This dividend marks a 28.8% increase compared to the previous year. Shareholders of record as of the close of business on August 25, 2020 will be eligible. CDW's CFO, Collin B. Kebo, expressed confidence in the company's liquidity and cash flow generation, emphasizing that the dividend remains a key capital priority, while share repurchases are currently on hold due to COVID-19.