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) 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.
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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.