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 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.
CDW Corporation reported strong first quarter 2020 results, achieving net sales of $4,389 million, a 10.9% increase from $3,958 million in Q1 2019. Gross profit rose to $757 million, up 12.6%, while net income increased by 9.8% to $168 million. Non-GAAP measures showed operating income of $304 million, a 5.8% increase. The company plans a quarterly cash dividend of $0.38 per share, payable on June 10, 2020, reflecting its commitment to shareholder returns amidst a challenging market environment influenced by COVID-19.
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