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 Corp (CDW) delivers integrated IT solutions to businesses, government agencies, and educational institutions across North America and the UK. This news hub provides investors and technology professionals with centralized access to corporate developments shaping the digital infrastructure landscape.
Track official press releases covering earnings announcements, product launches, and strategic partnerships. Stay informed about CDW’s initiatives in cloud migration, cybersecurity enhancements, and hybrid workplace solutions through verified updates.
The repository includes filings related to public sector contracts, technology certifications, and leadership changes. Content is organized chronologically to help users monitor the company’s response to evolving IT demands across its Corporate, Public, and international segments.
Bookmark this page for streamlined access to CDW’s latest operational milestones, ensuring you remain current on developments affecting one of North America’s leading multi-brand technology providers.
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.
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.
CDW reported second quarter 2020 net sales of $4,366 million, down 5.7% from Q2 2019. Year-to-date sales increased 1.9% to $8,755 million. Gross profit for Q2 was $747 million with a margin of 17.1%, while year-to-date gross profit grew 4.0%. Operating income for Q2 dropped 5.6% to $283 million. Net income was $189 million, a decrease of 3.8%, but year-to-date net income rose 2.2% to $357 million. CDW's board declared a quarterly dividend of $0.38 per share, payable September 10, 2020.
CDW Corporation (Nasdaq: CDW) will host a webcast conference call to discuss its second quarter 2020 results on August 5, 2020, at 7:30 a.m. CT. The live audio webcast will be available on investor.CDW.com. A replay of the call will be accessible shortly after the event. CDW is a Fortune 500 technology solutions provider with over $18 billion in net sales for the trailing twelve months ended March 31, 2020.
CDW Corporation (Nasdaq: CDW) announced that CEO Christine A. Leahy will participate in a Q&A session at the BofA Securities 2020 Global Technology Conference on June 2, 2020, at 12:00 p.m. CT. This session will be webcast live, and an archived version will be available for 180 days post-event. As a leading technology solutions provider to various sectors, CDW generated over $18 billion in net sales for the trailing twelve months ending March 31, 2020. The company serves customers in the U.S., U.K., and Canada.
CDW Corporation (Nasdaq:CDW) announced a quarterly cash dividend of $0.38 per share, reflecting a 28.8% increase from the previous year. The dividend will be paid on June 10, 2020, to stockholders recorded by May 25, 2020. The company highlighted its strong liquidity and cash flow generation capabilities, despite challenges posed by COVID-19. To enhance liquidity, CDW issued $600 million of senior unsecured notes and suspended share repurchases, signaling a cautious yet confident approach to capital management.
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