Press release
CDW Reports Second Quarter 2023 Earnings
Strong Margins and Execution Reinforce Durability of Strategy VERNON HILLS, Ill.--(BUSINESS WIRE)-- CDW Corporation (Nasdaq: CDW): (Dollars in millions,
About this update from Cdw Corporation
[{"type":"text","content":"\nStrong Margins and Execution Reinforce Durability of Strategy\n\n\n VERNON HILLS, Ill.--(BUSINESS WIRE)--\nCDW Corporation (Nasdaq: CDW):\n\n\n\n(Dollars in millions, except per share amounts)\n\nThree Months Ended June 30,\n\n\n\n\n\n\nSix Months Ended June 30,\n\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n\n%\nChg.\n\n\n\n\n\n\n \n\n\n\n\n\n\n2023\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2022\n\n\n\n\n\n\n\n%\nChg.\n\n\n\n\n\n\n\n\nNet Sales\n\n\n\n\n\n\n$\n\n\n\n\n\n\n5,626.1\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n6,145.8\n\n\n\n\n\n\n\n(8.5\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n10,729.2\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n12,094.9\n\n\n\n\n\n\n\n(11.3\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nAverage Daily Sales1\n\n\n\n\n\n\n \n\n\n\n\n\n\n87.9\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n96.0\n\n\n\n\n\n\n\n(8.5\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n83.8\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n95.2\n\n\n\n\n\n\n\n(12.0\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nGross Profit\n\n\n\n\n\n\n \n\n\n\n\n\n\n1,181.5\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n1,168.2\n\n\n\n\n\n\n\n1.1\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n2,270.9\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n2,272.3\n\n\n\n\n\n\n\n(0.1\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nOperating Income\n\n\n\n\n\n\n \n\n\n\n\n\n\n412.2\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n435.3\n\n\n\n\n\n\n\n(5.3\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n767.5\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n822.2\n\n\n\n\n\n\n\n(6.7\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNet Income\n\n\n\n\n\n\n \n\n\n\n\n\n\n262.6\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n279.3\n\n\n\n\n\n\n\n(6.0\n\n\n\n\n\n\n)\n\n\n\n\n\n\n \n\n\n\n\n\n\n492.7\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n529.5\n\n\n\n\n\n\n\n(6.9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNon-GAAP Operating Income2\n\n\n\n\n\n\n \n\n\n\n\n\n\n529.8\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n516.3\n\n\n\n\n\n\n\n2.6\n\n\n\n\n\n\n \n\n\n\n\n\n\n \n\n\n\n\n\n\n964.1\n\n\n\n\n\n\n\n \n\n\n\n\n\n\n978.4\n\n\n\n\n\n\n\n(1.5\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNet Income per Diluted Share\n\n\n\n\n\n\n$\n\n\n\n\n\n\n1.92\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.04\n\n\n\n\n\n\n\n(5.5\n\n\n\n\n\n\n)\n\n\n\n\n\n\n$\n\n\n\n\n\n\n3.60\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n3.87\n\n\n\n\n\n\n\n(6.9\n\n\n\n\n\n\n)\n\n\n\n\n\n\n\n\nNon-GAAP Net Income per Diluted Share2\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.56\n\n\n\n\n\n\n\n$\n\n\n\n\n\n\n2.49\n\n\n\n\n\n\n\n3.2\n\n\n\n\n\n\n \n\n\n\n\n\n\n$\n\n\n\n\n\n\n4.59\n...