Press release
CDW Reports First Quarter 2025 Earnings
VERNON HILLS, Ill.--(BUSINESS WIRE)-- CDW Corporation (Nasdaq: CDW): (Dollars in millions, except per share amounts and percentage) Three Months Ended March
About this update from Cdw Corporation
[{"type":"text","content":" VERNON HILLS, Ill.--(BUSINESS WIRE)--\nCDW Corporation (Nasdaq: CDW):\n\n\n\n(Dollars in millions, except per share amounts and percentage)\n\n\n\nThree Months Ended March 31,\n\n\n\n\n\n \n\n\n\n2025\n\n\n\n \n\n\n\n \n\n\n\n2024\n\n\n\n \n\n\n\nPercent\nChange\n\n\n\n\n\nNet sales\n\n\n\n$\n\n\n\n5,199.1\n\n\n\n \n\n\n\n$\n\n\n\n4,872.7\n\n\n\n \n\n\n\n6.7\n\n\n \n\n\n\nGross profit\n\n\n\n$\n\n\n\n1,122.3\n\n\n\n \n\n\n\n$\n\n\n\n1,063.3\n\n\n\n \n\n\n\n5.5\n\n\n \n\n\n\nGross profit margin\n\n\n\n \n\n\n\n21.6\n\n\n\n%\n\n\n\n \n\n\n\n21.8\n\n\n\n%\n\n\n\n \n\n\n \n\n\n\nOperating income\n\n\n\n$\n\n\n\n361.4\n\n\n\n \n\n\n\n$\n\n\n\n328.0\n\n\n\n \n\n\n\n10.2\n\n\n \n\n\n\nOperating income margin\n\n\n\n \n\n\n\n7.0\n\n\n\n%\n\n\n\n \n\n\n\n6.7\n\n\n\n%\n\n\n\n \n\n\n \n\n\n\nNon-GAAP operating income1\n\n\n\n$\n\n\n\n444.0\n\n\n\n \n\n\n\n$\n\n\n\n403.5\n\n\n\n \n\n\n\n10.0\n\n\n \n\n\n\nNon-GAAP operating income margin1\n\n\n\n \n\n\n\n8.5\n\n\n\n%\n\n\n\n \n\n\n\n8.3\n\n\n\n%\n\n\n\n \n\n\n \n\n\n\nNet income\n\n\n\n$\n\n\n\n224.9\n\n\n\n \n\n\n\n$\n\n\n\n216.1\n\n\n\n \n\n\n\n4.1\n\n\n \n\n\n\nNon-GAAP net income1\n\n\n\n$\n\n\n\n286.5\n\n\n\n \n\n\n\n$\n\n\n\n260.8\n\n\n\n \n\n\n\n9.9\n\n\n \n\n\n\nNet income per diluted share\n\n\n\n$\n\n\n\n1.69\n\n\n\n \n\n\n\n$\n\n\n\n1.59\n\n\n\n \n\n\n\n6.1\n\n\n \n\n\n\nNon-GAAP net income per diluted share1\n\n\n\n$\n\n\n\n2.15\n\n\n\n \n\n\n\n$\n\n\n\n1.92\n\n\n\n \n\n\n\n11.9\n\n\n \n\n\n\nAverage daily sales2\n\n\n\n$\n\n\n\n82.5\n\n\n\n \n\n\n\n$\n\n\n\n76.1\n\n\n\n \n\n\n\n8.4\n\n\n \n\n\n\n1 Non-GAAP measures used in this release that are not based on accounting principles generally accepted in the United States of America (\"US GAAP\") are each defined and reconciled to the most directly comparable US GAAP measure in the attached schedules.\n\n\n \n\n\n\n2 Defined as Net sales divided by the number of selling days. There were 63 and 64 selling days for the three months ended March 31, 2025 and 2024, respectively.\n\n\n \n\n\nCDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada, today announced first quarter 2025 results. CDW also announced the approval by its Board of Directors of a quarterly cash dividend of $0.625...