CDW Corporation - CDW STOCK NEWS

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.

CDW Corporation (Nasdaq: CDW) will host a webcast conference call on August 3, 2022, at 7:30 a.m. CT to discuss its second quarter 2022 results. Interested parties can access the live audio webcast at investor.CDW.com. The press release and presentation slides will be available on the website before the call. CDW, a Fortune 500 company, generated approximately $22 billion in net sales for the twelve months ending March 31, 2022.

CDW (Nasdaq: CDW) announced the appointment of Anand Rao as chief marketing and digital officer and Michael Drory as senior vice president of strategy and corporate development. Both will be part of the executive committee reporting to Sona Chawla, chief growth and innovation officer. Rao previously held significant roles at AutoNation, McKinsey & Company, and IBM, while Drory comes from ADT Security Services and has a strong background with McKinsey. CDW generated $22 billion in net sales for the trailing twelve months ended March 31, 2022.

CDW Corporation (Nasdaq: CDW), a top IT solutions provider, will have its CEO, Christine A. Leahy, participate in a Q&A session at the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference. The event takes place on May 24, 2022, at 8:30 a.m. CT in Boston, Massachusetts. Interested parties can access a live webcast at investor.cdw.com, with an archived version available for one year post-event. CDW generated approximately $22 billion in net sales for the trailing twelve months ended March 31, 2022.

CDW Corporation has declared a quarterly cash dividend of $0.50 per common share, payable on June 10, 2022, to all stockholders of record as of May 25, 2022. The company has increased its dividend more than 10-fold since its IPO in June 2013, returning approximately $5.3 billion to shareholders via dividends and share repurchases. CDW aims to use cash flow after dividends to reduce debt, targeting a net leverage ratio of 2.5 to 3.0 times by the end of 2022.

CDW Corporation (Nasdaq: CDW) reported impressive first quarter 2022 results, with net sales reaching $5,949 million, a 23% increase from $4,838 million in 2021. The gross profit rose 38.8%, totaling $1,104 million, while net income increased 7.6% to $250 million. Non-GAAP net income per diluted share grew 26.6% to $2.20. The company plans to continue leveraging cash flow for debt reduction. CDW anticipates exceeding its 2022 growth outlook by up to 300 basis points compared to the US IT market growth.