Press release
CDW Reports Third Quarter 2021 Earnings
Reinforces Power of Business Model and Strategy LINCOLNSHIRE, Ill.--(BUSINESS WIRE)-- CDW Corporation (Nasdaq: CDW): Three Months Ended September 30, Nine
About this update from Cdw Corporation
[{"type":"text","content":"\nReinforces Power of Business Model and Strategy\n\n LINCOLNSHIRE, Ill.--(BUSINESS WIRE)--\nCDW Corporation (Nasdaq: CDW):\n\n\n\n\nThree Months Ended September 30,\n\n\n\nNine Months Ended September 30,\n\n\n\n\n(Dollars in millions, except per share amounts)\n\n2021\n\n\n\n2020\n\n\n\n%\n\n\nChg.\n\n\n\n2021\n\n\n\n2020\n\n\n\n%\n\n\nChg.\n\n\n\n\n\nNet Sales\n\n\n\n$\n\n\n\n5,300.0\n\n\n\n \n\n\n\n$\n\n\n\n4,756.4\n\n\n\n \n\n\n\n11.4\n\n\n\n \n\n\n\n$\n\n\n\n15,283.9\n\n\n\n \n\n\n\n$\n\n\n\n13,511.3\n\n\n\n \n\n\n\n13.1\n\n\n\n \n\n\n\n\n\nAverage Daily Sales1\n\n\n\n82.8\n\n\n\n \n\n\n\n74.3\n\n\n\n \n\n\n\n11.4\n\n\n\n \n\n\n\n80.0\n\n\n\n \n\n\n\n70.4\n\n\n\n \n\n\n\n13.7\n\n\n\n \n\n\n\n\n\nGross Profit\n\n\n\n914.9\n\n\n\n \n\n\n\n825.5\n\n\n\n \n\n\n\n10.8\n\n\n\n \n\n\n\n2,592.9\n\n\n\n \n\n\n\n2,329.2\n\n\n\n \n\n\n\n11.3\n\n\n\n \n\n\n\n\n\nOperating Income\n\n\n\n386.4\n\n\n\n \n\n\n\n317.8\n\n\n\n \n\n\n\n21.6\n\n\n\n \n\n\n\n1,079.7\n\n\n\n \n\n\n\n847.0\n\n\n\n \n\n\n\n27.5\n\n\n\n \n\n\n\n\n\nNet Income\n\n\n\n266.6\n\n\n\n \n\n\n\n193.2\n\n\n\n \n\n\n\n38.0\n\n\n\n \n\n\n\n773.3\n\n\n\n \n\n\n\n550.2\n\n\n\n \n\n\n\n40.5\n\n\n\n \n\n\n\n\n\nNon-GAAP Operating Income2\n\n\n\n435.1\n\n\n\n \n\n\n\n386.3\n\n\n\n \n\n\n\n12.6\n\n\n\n \n\n\n\n1,220.9\n\n\n\n \n\n\n\n1,028.4\n\n\n\n \n\n\n\n18.7\n\n\n\n \n\n\n\n\n\nNet Income per Diluted Share\n\n\n\n$\n\n\n\n1.91\n\n\n\n \n\n\n\n$\n\n\n\n1.33\n\n\n\n \n\n\n\n43.2\n\n\n\n \n\n\n\n$\n\n\n\n5.47\n\n\n\n \n\n\n\n$\n\n\n\n3.80\n\n\n\n \n\n\n\n43.8\n\n\n\n \n\n\n\n\n\nNon-GAAP Net Income per Diluted Share2\n\n\n\n$\n\n\n\n2.13\n\n\n\n \n\n\n\n$\n\n\n\n1.83\n\n\n\n \n\n\n\n16.4\n\n\n\n \n\n\n\n$\n\n\n\n5.89\n\n\n\n \n\n\n\n$\n\n\n\n4.77\n\n\n\n \n\n\n\n23.5\n\n\n\n \n\n\n\n\n\n1 There were 64 selling days for both the three months ended September 30, 2021 and 2020. There were 191 and 192 selling days for the nine months ended September 30, 2021 and 2020, respectively.\n\n\n\n\n\n2 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\nCDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education...