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 has been awarded the 2022 Global Customer Value Leadership Award by Frost & Sullivan for its excellence in digital transformation services. The recognition highlights CDW's extensive portfolio, which includes cloud, security, and IT solutions, supporting clients through supply chain challenges. With a workforce of 15,000 and $24 billion in net sales over the past year, CDW demonstrates a commitment to customer-centric strategies and innovative technology solutions. This award emphasizes the company's impact on customer retention and value creation in the digital transformation sector.
The inaugural season of UNDERRATED Golf, launched by Stephen Curry, concluded successfully with the Curry Cup on August 30, 2022, at TPC Harding Park, naming Ashley Shaw and Roman Solomon champions. This initiative, aimed at empowering underrepresented youth in golf, involved support from significant corporate partners, including CDW and Cisco, providing training and equipment to 136 junior golfers. The program also addresses gender equity in sports, focusing on educational opportunities and career-building courses through Curry's upcoming 'Curry Academy'.
CDW Corporation (Nasdaq: CDW) announced that CEO Christine A. Leahy and CFO Albert J. Miralles will attend the Credit Suisse 26th Annual Technology Conference on November 29, 2022, at 2:00 PM CT in Scottsdale, Arizona. The session will feature a Q&A format and will be available for live viewing via webcast on investor.cdw.com. An archived version will be accessible for one year post-event. CDW, a Fortune 500 company, reported net sales of approximately $24 billion for the trailing twelve months ended September 30, 2022.
CDW Corporation has declared a quarterly cash dividend of $0.59 per share, payable on December 9, 2022, to stockholders recorded as of November 25, 2022. This reflects an 18% increase compared to last year and represents 25% of the trailing twelve-month Non-GAAP net income through September 30, 2022. The company highlights its commitment to delivering value to stockholders through consistent dividend increases, marking the ninth consecutive year of growth since its IPO in June 2013.
CDW Corporation reported strong third quarter 2022 results, achieving net sales of $6,216 million, a 17.3% increase from last year, aided by the acquisition of Sirius Computer Solutions. Gross profit rose to $1,233 million with a margin of 19.8%. Net income was $298 million, an 11.7% increase, translating to $2.17 per diluted share. The board approved a quarterly cash dividend of $0.59 per share. CDW expects to maintain a premium on U.S. IT market growth between 325 to 425 basis points. Overall, the results underscore CDW's robust business model and adaptability in a dynamic market.
CDW Corporation (Nasdaq: CDW), a leading multi-brand IT solutions provider, has announced a webcast conference call for its third quarter 2022 results. The call is scheduled for November 2, 2022, at 7:30 a.m. CT. Investors can access the live broadcast on investor.CDW.com. The recorded webcast will also be available shortly after the call. CDW, a Fortune 500 company, generated approximately $23 billion in net sales for the trailing twelve months ended June 30, 2022.
CDW Corporation (Nasdaq: CDW), a prominent provider of IT solutions, announced participation in upcoming technology conferences in New York City. Christine A. Leahy, president and CEO, and Albert J. Miralles, CFO, will engage in Q&A sessions at the Citi 2022 Global Technology Conference on September 7, 2022, at 10:15 a.m. CT, and the Evercore ISI Technology Conference on September 8, 2022, at 11:00 a.m. CT. Both sessions will be available for live webcast and archived access on their investor website.
CDW (Nasdaq: CDW) has announced the appointment of Carolyn A. Wiesenhahn as chief people officer and senior vice president of coworker services, effective September. Wiesenhahn, formerly of CVS Health, brings over 20 years of experience in human resources and diversity initiatives. CEO Christine A. Leahy highlighted that Wiesenhahn's expertise will enhance CDW's ability to attract and retain talent, crucial for its sustainable growth. CDW, a leading IT solutions provider with approximately $23 billion in net sales for the trailing twelve months ended June 30, 2022, employs 14,600 coworkers.
CDW Corporation has declared a quarterly cash dividend of $0.50 per common share. This dividend will be paid on September 9, 2022, to stockholders recorded as of August 25, 2022. Since its IPO in June 2013, CDW's dividend has increased over tenfold, returning approximately $5.4 billion to shareholders. The company is focused on utilizing cash flow post-dividends to meet its net leverage target by the end of 2022.
CDW Corporation (Nasdaq: CDW) reported second quarter 2022 net sales of $6.15 billion, up 19.4% from Q2 2021, driven by strong demand across all segments. Gross profit reached $1.17 billion, a 32.3% increase, with a robust gross margin of 19.0%. Net income was $279 million, up 1.9%, with diluted EPS rising 5.6% to $2.04. CDW plans to pay a $0.50 quarterly dividend on September 9, 2022. The company expects to exceed its 2022 growth outlook, anticipating a **200-300 basis point** outperformance over US IT market growth.