New Risk • Jun 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (20% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (8.5% average weekly change). Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to €118, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 23x in the Electronic industry in Germany. Total loss to shareholders of 22% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €158 per share. Recent Insider Transactions • May 30
Independent Director recently bought €1.7m worth of stock On the 27th of May, David Nelms bought around 18k shares on-market at roughly €95.80 per share. This transaction amounted to 55% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.2m more in shares than they have sold in the last 12 months. Declared Dividend • May 20
First quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 22nd May 2026 Payment date: 10th June 2026 Dividend yield will be 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 25% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 6 highly experienced directors. Independent Director Kelly Grier was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • May 07
CDW Corporation announces Quarterly dividend, payable on June 10, 2026 CDW Corporation announced Quarterly dividend of USD 0.6300 per share payable on June 10, 2026, ex-date on May 22, 2026 and record date on May 25, 2026. Duyuru • Apr 23
Cdw Corporation Appoints Hang Tan as Chief Strategy and Transformation Officer, Effective April 27, 2026 CDW Corporation announced that Hang Tan will join the company on April 27, 2026, as Chief Strategy and Transformation Officer, reporting to Chair and Chief Executive Officer, Christine A. Leahy. He will be responsible for enterprise strategy, transformation office, and corporate development. Tan brings more than 20 years of experience driving strategy, corporate development and business operations at leading enterprise technology organizations. Most recently, as Chief Operating Officer of Hybrid Cloud at Hewlett Packard Enterprise, he was instrumental in scaling the company’s hybrid cloud business. Previously, as HPE’s Chief Strategy Officer, he also led Corporate FP&A and Venture Investments, guiding the company’s pivot to an as-a-service model. Earlier in his career, Tan spent a decade at Bain & Company as a Partner, advising global technology companies on growth strategy and transformation, and he began his career in software development at Microsoft. Duyuru • Apr 22
CDW Corporation to Report Q1, 2026 Results on May 06, 2026 CDW Corporation announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Duyuru • Mar 30
CDW Corporation, Annual General Meeting, May 21, 2026 CDW Corporation, Annual General Meeting, May 21, 2026. Duyuru • Feb 04
CDW Declares Quarterly Cash Dividend, Payable on March 10, 2026 CDW Corporation announced that its Board of Directors declared a quarterly cash dividend of $0.630 per common share will be paid on March 10, 2026 to all stockholders of record as of the close of business on February 25, 2026. Duyuru • Jan 21
CDW Corporation to Report Q4, 2025 Results on Feb 04, 2026 CDW Corporation announced that they will report Q4, 2025 results on Feb 04, 2026 Duyuru • Dec 04
Mission & CDW Announce Multi-Product Solutions in AWS Marketplace as Launch Partners Mission announced the availability of 6 integrated multi-product solutions in AWS Marketplace. As a launch partner for this new AWS Marketplace capability, Mission and CDW enable customers to streamline procurement of comprehensive cloud security, governance, and operations solutions through a unified approach that combines Mission's AWS Premier Tier Partner expertise with CDW's enterprise technology leadership. Mission and CDW are launching six multi-product solutions that combine best-in-class technologies with expert managed services: loud Gateway, Cloud Operate & Cloud Secure with CrowdStrike Falcon Platform. This comprehensive solution integrates foundational cloud governance with 24/7 managed security. It combines Mission Cloud Gateway for Cloud Management Platform tooling via Mission Control, Mission Cloud Operate for best-in-class monitoring and observability with New Relic, expert FinOps powered by Vega Cloud SaaS platform, CrowdStrike Falcon for security, and Mission Cloud Secure for 24/7 compliance management. Organizations gain complete visibility, expert management across three platforms, and unified governance for their AWS environment. This solution unifies cloud governance and operations by combining Mission Cloud Gateway service for Cloud Management Platform tooling via Mission Control with Mission Cloud Operate for best-in-class monitoring and observability using New Relic. Expert 24/7/365 operational support includes proactive monitoring, incident correlation, and Mission Control as the unified homebase. Organizations achieve operational excellence while maintaining governance and cost optimization across their AWS environment. This solution unifies security and operations by combining Mission Cloud Operate for best-in-class monitoring and observability with New Relic, CrowdStrike Falcon for advanced threat detection, and Mission Cloud Secure for comprehensive compliance management. Organizations gain 24/7/365 proactive monitoring, expert remediation, and unified governance across their AWS environment. Mission Cloud Secure integrates CrowdStrike's market-leading endpoint protection with Mission's security expertise to deliver continuous compliance auditing against frameworks like PCI, HIPAA, and SOC 2. Expert Security Operations Center support provides real-time threat detection, incident response, and simplified audit processes. This foundational solution combines Mission Cloud Gateway for Cloud Management Platform tooling with Mission Cloud Secure's 24/7 managed security powered by CrowdStrike Falcon. Organizations gain expert FinOps reporting, reservation management, and comprehensive security governance within a single unified offering. This integrated solution brings together Nutanix Cloud Clusters for agile, cloud-native infrastructure across on-premises and public clouds with CrowdStrike Falcon Cloud Workload Protection for industry-leading real-time security and threat detection. CDW Amplified™ Infrastructure services accelerate deployment, optimize performance, and provide expert support throughout the cloud journey. Organizations can innovate rapidly, protect workloads proactively, and streamline IT operations with unmatched flexibility, security, and operational efficiency. Duyuru • Nov 04
CDW Corporation Declares Quarterly Cash Dividend, Payable on December 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.630 per common share to be paid on December 10, 2025 to all stockholders of record as of the close of business on November 25, 2025. This amount represents approximately a 1% increase over last year's dividend and is aligned with the target of 25% of the trailing-twelve-month Non-GAAP net income through September 30, 2025. Duyuru • Oct 28
CDW Corporation Announces Executive Changes CDW Corporation announced that Sona Chawla, chief growth, innovation officer and Executive Vice President, will retire from the company, effective December 31, 2025. Ms. Chawla will be available on a consulting basis until April 9, 2026 to assist with the transition of her responsibilities. Mukesh Kumar, chief services and solutions officer, will take on an expanded role, bringing CDW’s technology, services and solutions engine and product and partner management organization together into one customer-focused team. These leadership transitions are designed to amplify CDW’s go-to-market strategy, enhancing operational agility, deepening customer and partner engagement, and driving long-term shareholder value. Since joining CDW in 2020, Chawla’s leadership has accelerated the company’s digital transformation and future-forward strategy, driving significant progress in CDW’s digital journey, including the launch of Rubi, CDW’s digital platform and mobile app. As part of this transition, CDW will integrate its growth and innovation function largely with the services and solutions function, led by Mukesh Kumar, to deliver a more connected and differentiated customer and partner experience. Since joining CDW earlier this year, Kumar has accelerated CDW’s AI offerings and internal capabilities, while crystallizing CDW’s long-term advisory and platform roadmap. Duyuru • Oct 21
CDW Corporation to Report Q3, 2025 Results on Nov 04, 2025 CDW Corporation announced that they will report Q3, 2025 results on Nov 04, 2025 Duyuru • Aug 06
CDW Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on September 10, 2025 to all stockholders of record as of the close of business on August 25, 2025. Duyuru • Aug 01
CDW Appoints Mukesh Kumar as Chief Services and Solutions Officer, Effective August 4, 2025 CDW announced that Mukesh Kumar will join the company as Chief Services and Solutions Officer on August 4, 2025, reporting to Chair and Chief Executive Officer, Christine A. Leahy. Kumar will lead CDW’s services and solutions business, comprised of Integrated Technology Solutions and Digital Velocity practices. Kumar joins CDW from Slalom Consulting, where he most recently served as president of the multibillion-dollar technology business. Kumar brings to CDW deep technical depth across a broad spectrum of emerging technologies and long-standing experience driving transformative change. At Slalom, Kumar scaled their technology-based services teams across the Americas and led Slalom’s technology partner ecosystem of 800+ partnerships, including AWS, Salesforce, Microsoft, and Google. Kumar brings nearly 30 years of technology and consulting leadership and is highly regarded in the technology community for his creative and forward-thinking solutioning and ability to incubate, grow, and scale businesses. Duyuru • Jul 23
CDW Corporation to Report Q2, 2025 Results on Aug 06, 2025 CDW Corporation announced that they will report Q2, 2025 results Pre-Market on Aug 06, 2025 Duyuru • May 07
CDW Corporation Declares Quarterly Cash Dividend, Payable on June 10, 2025 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.625 per common share to be paid on June 10, 2025 to all stockholders of record as of the close of business on May 26, 2025. Future dividends will be subject to approval by CDW's Board of Directors. Duyuru • Apr 11
CDW Corporation, Annual General Meeting, May 20, 2025 CDW Corporation, Annual General Meeting, May 20, 2025. Duyuru • Feb 05
CDW Corporation Declares Quarterly Cash Dividend, Payable on March 11, 2025 CDW Corporation declared a quarterly cash dividend. The cash dividend of $0.625 per common share will be paid on March 11, 2025 to all stockholders of record as of the close of business on February 25, 2025. This amount represents a 1% increase over last year’s dividend. Duyuru • Jan 22
CDW Corporation to Report Q4, 2024 Results on Feb 05, 2025 CDW Corporation announced that they will report Q4, 2024 results on Feb 05, 2025 Duyuru • Dec 02
Corporation (NasdaqGS:CDW) acquired Mission Cloud Services, Inc. from Great Hill Partners, LP. CDW Corporation (NasdaqGS:CDW) acquired Mission Cloud Services, Inc. from Great Hill Partners, LP on December 2, 2024. Choate, Hall & Stewart LLP is serving as legal advisors to Mission and Arma Partners is serving as financial advisor.
CDW Corporation (NasdaqGS:CDW) completed the acquisition of Mission Cloud Services, Inc. from Great Hill Partners, LP on December 2, 2024. Declared Dividend • Nov 04
Third quarter dividend of US$0.63 announced Shareholders will receive a dividend of US$0.63. Ex-date: 25th November 2024 Payment date: 10th December 2024 Dividend yield will be 1.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (25% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 19% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$2.37 (vs US$2.35 in 3Q 2023) Third quarter 2024 results: EPS: US$2.37 (up from US$2.35 in 3Q 2023). Revenue: US$5.52b (down 2.0% from 3Q 2023). Net income: US$316.4m (flat on 3Q 2023). Profit margin: 5.7% (up from 5.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Duyuru • Oct 30
CDW Corporation Declares Quarterly Cash Dividend, Payable on December 10, 2024 CDW Corporation announced that its board of directors has declared a quarterly cash dividend of $0.625 per common share to be paid on December 10, 2024 to all stockholders of record as of the close of business on November 25, 2024. Duyuru • Oct 25
CDW Corporation Announces Executive Changes CDW announced changes to its executive leadership team as part of its ongoing commitment to thoughtful succession planning and future growth. Chief Commercial and Operating Officer Chris Corley will step down from her current responsibilities in advance of her future retirement, transitioning into a new role of President, International and Vice Chair. In this role, she will work closely with Chair and Chief Executive Officer, Chris Leahy, on critical priorities aimed at accelerating the company's growth strategy. One of her initial focus areas will be CDW's international strategy, including responsibility for the company’s international businesses. In conjunction with Chris Corley's transition, CDW announced that Liz Connelly will assume additional responsibilities as Chief Commercial Officer, responsible for U.S. sales, sales enablement, integrated technology solutions, and digital velocity. Liz joined CDW in 2018 following a highly successful career at J.P. Morgan Chase, where she managed complex businesses at scale through transformative periods. She has consistently demonstrated her staunch customer focus, and innovative and results-oriented leadership during her tenure at CDW and the company looks forward to her continued contributions in this expanded role. Upcoming Dividend • Aug 19
Upcoming dividend of US$0.62 per share Eligible shareholders must have bought the stock before 26 August 2024. Payment date: 10 September 2024. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.7%). Declared Dividend • Aug 04
Second quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 26th August 2024 Payment date: 10th September 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 36% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$2.10 (vs US$1.95 in 2Q 2023) Second quarter 2024 results: EPS: US$2.10 (up from US$1.95 in 2Q 2023). Revenue: US$5.42b (down 3.6% from 2Q 2023). Net income: US$281.1m (up 7.0% from 2Q 2023). Profit margin: 5.2% (up from 4.7% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 8% per year. Duyuru • Jul 31
CDW Corporation Declares Quarterly Cash Dividend, Payable on September 10, 2024 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.62 per common share to be paid on September 10, 2024 to all stockholders of record as of the close of business on August 26, 2024. Future dividends will be subject to Board of Director approval. Duyuru • Jul 17
CDW Corporation to Report Q2, 2024 Results on Jul 31, 2024 CDW Corporation announced that they will report Q2, 2024 results on Jul 31, 2024 Declared Dividend • May 05
First quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 23rd May 2024 Payment date: 11th June 2024 Dividend yield will be 1.1%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (30% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 37% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.61 (vs US$1.70 in 1Q 2023) First quarter 2024 results: EPS: US$1.61 (down from US$1.70 in 1Q 2023). Revenue: US$4.87b (down 4.5% from 1Q 2023). Net income: US$216.1m (down 6.1% from 1Q 2023). Profit margin: 4.4% (down from 4.5% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 01
CDW Corporation Declares Quarterly Cash Dividend, Payable on June 11, 2024 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.62 per common share to be paid on June 11, 2024 to all stockholders of record as of the close of business on May 24, 2024. Future dividends will be subject to Board of Director approval. Duyuru • Apr 19
CDW Corporation to Report Q1, 2024 Results on May 01, 2024 CDW Corporation announced that they will report Q1, 2024 results on May 01, 2024 Duyuru • Apr 11
CDW Corporation, Annual General Meeting, May 21, 2024 CDW Corporation, Annual General Meeting, May 21, 2024, at 07:30 Central Daylight. Agenda: To elect the eleven director nominees named in this proxy statement for a term expiring at the 2025 Annual Meeting of Stockholders; to approve, on an advisory basis, named executive officer compensation; to ratify the selection of Ernst & Young LLP as the Company’s independent registered public accounting firm for the year ending December 31, 2024; to consider and act upon the stockholder proposal, if properly presented at the Annual Meeting, regarding political spending disclosure; and to consider any other matters that may properly come before the meeting or any adjournments or postponements of the meeting. Reported Earnings • Feb 28
Full year 2023 earnings released: EPS: US$8.20 (vs US$8.24 in FY 2022) Full year 2023 results: EPS: US$8.20 (down from US$8.24 in FY 2022). Revenue: US$21.4b (down 10.0% from FY 2022). Net income: US$1.10b (flat on FY 2022). Profit margin: 5.2% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.62 per share at 1.0% yield Eligible shareholders must have bought the stock before 23 February 2024. Payment date: 12 March 2024. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (1.5%). Declared Dividend • Feb 12
Fourth quarter dividend of US$0.62 announced Shareholders will receive a dividend of US$0.62. Ex-date: 23rd February 2024 Payment date: 12th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 31% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 38% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$8.20 (vs US$8.24 in FY 2022) Full year 2023 results: EPS: US$8.20 (down from US$8.24 in FY 2022). Revenue: US$21.4b (down 10.0% from FY 2022). Net income: US$1.10b (flat on FY 2022). Profit margin: 5.2% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 07
CDW Corporation Declares Quarterly Cash Dividend, Payable on March 12, 2024 CDW Corporation declared a quarterly cash dividend. The cash dividend of $0.62 per common share will be paid on March 12, 2024 to all stockholders of record as of the close of business on February 26, 2024. This amount represents a 5 % increase over last year’s dividend. Duyuru • Jan 25
CDW Corporation to Report Q4, 2023 Results on Feb 07, 2024 CDW Corporation announced that they will report Q4, 2023 results on Feb 07, 2024 Duyuru • Nov 02
CDW Corporation Declares A Quarterly Cash Dividend, Payable on December 12, 2023 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.62 per common share to be paid on December 12, 2023 to all stockholders of record as of the close of business on November 24, 2023. This amount represents a 5 percent increase over last year's dividend and approximately 25% of the trailing-twelve-month Non-GAAP net income through September 30, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$2.35 (vs US$2.20 in 3Q 2022) Third quarter 2023 results: EPS: US$2.35 (up from US$2.20 in 3Q 2022). Revenue: US$5.63b (down 9.4% from 3Q 2022). Net income: US$315.5m (up 5.9% from 3Q 2022). Profit margin: 5.6% (up from 4.8% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 17% per year. Duyuru • Oct 19
CDW Corporation to Report Q3, 2023 Results on Nov 01, 2023 CDW Corporation announced that they will report Q3, 2023 results at 9:30 AM, US Eastern Standard Time on Nov 01, 2023 Upcoming Dividend • Aug 17
Upcoming dividend of US$0.59 per share at 1.2% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 12 September 2023. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (1.4%). New Risk • Aug 03
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$1.95 (vs US$2.07 in 2Q 2022) Second quarter 2023 results: EPS: US$1.95 (down from US$2.07 in 2Q 2022). Revenue: US$5.63b (down 8.5% from 2Q 2022). Net income: US$262.6m (down 6.0% from 2Q 2022). Profit margin: 4.7% (up from 4.5% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Aug 03
CDW Corporation Declares Quarterly Cash Dividend, Payable on September 12, 2023 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.59 per common share to be paid on September 12, 2023 to all stockholders of record as of the close of business on August 25, 2023. Duyuru • Aug 02
CDW Corporation Appoints Kelly J. Grier to Board of Directors CDW Corporation announced the addition of Kelly J. Grier to its board of directors. The appointment was effective on July 31, 2023. Grier recently retired as US Chair and Managing Partner (CEO) of Ernst & Young LLP (EY), a leading global professional services firm. In this role, Grier oversaw more than 81,000 employees across 31 countries with annual revenue of nearly $21 billion. She has considerable experience working with boards and audit committees of global organizations; a track record of successful growth and transformation, human capital and DEI leadership; and deep expertise in financial reporting, crisis management, risk and corporate governance. Grier serves on the board of directors for Illinois Tool Works Inc. (ITW) and has also served as director and chair of several private and charitable organizations. Duyuru • Jun 07
CDW Corporation (NasdaqGS:CDW) acquired Enquizit Inc. CDW Corporation (NasdaqGS:CDW) acquired Enquizit Inc. on June 6, 2023. CDW Corporation (NasdaqGS:CDW) completed the acquisition of Enquizit Inc. on June 6, 2023. Upcoming Dividend • May 17
Upcoming dividend of US$0.59 per share at 1.4% yield Eligible shareholders must have bought the stock before 24 May 2023. Payment date: 13 June 2023. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.7%). In line with average of industry peers (1.5%). Recent Insider Transactions • May 05
President recently bought €454k worth of stock On the 4th of May, Christine Leahy bought around 3k shares on-market at roughly €149 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Christine has been a buyer over the last 12 months, purchasing a net total of €917k worth in shares. Duyuru • May 04
CDW Corporation Announces Quarterly Cash Dividend, Payable on June 13, 2023 CDW Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.59 per common share to be paid on June 13, 2023 to all stockholders of record as of the close of business on May 25, 2023. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.70 (vs US$1.86 in 1Q 2022) First quarter 2023 results: EPS: US$1.70 (down from US$1.86 in 1Q 2022). Revenue: US$5.10b (down 14% from 1Q 2022). Net income: US$230.1m (down 8.0% from 1Q 2022). Profit margin: 4.5% (up from 4.2% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.59 per share at 1.1% yield Eligible shareholders must have bought the stock before 23 February 2023. Payment date: 10 March 2023. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.6%). Higher than average of industry peers (0.9%). Recent Insider Transactions • Feb 14
Independent Director recently sold €889k worth of stock On the 9th of February, Donna Zarcone sold around 5k shares on-market at roughly €189 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €189k more than they bought in the last 12 months. Reported Earnings • Feb 09
Full year 2022 earnings released: EPS: US$8.24 (vs US$7.14 in FY 2021) Full year 2022 results: EPS: US$8.24 (up from US$7.14 in FY 2021). Revenue: US$23.7b (up 14% from FY 2021). Net income: US$1.11b (up 13% from FY 2021). Profit margin: 4.7% (in line with FY 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Duyuru • Feb 09
CDW Corporation Declares Quarterly Dividend, Payable on March 10, 2023 CDW Corporation announced that its Board of Directors declared a quarterly cash dividend. The cash dividend of $0.59 per common share will be paid on March 10, 2023 to all stockholders of record as of the close of business on February 24, 2023. Duyuru • Jan 26
CDW Corporation to Report Q4, 2022 Results on Feb 08, 2023 CDW Corporation announced that they will report Q4, 2022 results on Feb 08, 2023 Duyuru • Jan 06
CDW Corporation Announces Board Changes CDW Corporation announced new Board appointments. Christine A. Leahy, president and chief executive officer, CDW, has been unanimously appointed Board Chair. Leahy became CEO and joined the Board of Directors in January 2019, after holding numerous leadership roles since joining CDW in 2002. Under her tenure as CEO, the company has executed against a transformative service and solution-led strategy, and continually outpaced market growth with Net sales growing from $16 billion to approximately $24 billion for the trailing twelve months ending September 30, 2022. Current Board Chair David W. Nelms has transitioned from his role as Board Chair and will continue to serve on the Board as Lead Independent Director. Nelms became the company’s Board Chair on January 1, 2020 and has been a member of the Board of Directors since 2014. The Board announced the election of Marc E. Jones to the Board of Directors effective January 4, 2023. Jones currently serves as Chairman, President and Chief Executive Officer of Aeris Communications Inc. which provides businesses with intelligent cellular connectivity, security, reliability, and support to simplify and streamline Internet of Things programs at scale. Jones is an innovative leader with deep expertise in the technology industry, and currently serves on the Board of Directors of Ingersoll Rand Inc., Stanford University Board of Trustees and the California Health Care Foundation. Jones earned his JD and BS, Political Science, from Stanford University. He was named one of the nation’s best entrepreneurs by Goldman Sachs in 2012 and 2013. The Board will expand from 10 to 11 members with the appointment of Jones. Upcoming Dividend • Nov 16
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 23 November 2022. Payment date: 09 December 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of German dividend payers (4.8%). Higher than average of industry peers (1.0%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$2.20 (vs US$1.94 in 3Q 2021) Third quarter 2022 results: EPS: US$2.20 (up from US$1.94 in 3Q 2021). Revenue: US$6.22b (up 17% from 3Q 2021). Net income: US$297.8m (up 12% from 3Q 2021). Profit margin: 4.8% (down from 5.0% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Aug 17
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 24 August 2022. Payment date: 09 September 2022. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (4.5%). In line with average of industry peers (1.1%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$2.07 (vs US$1.96 in 2Q 2021) Second quarter 2022 results: EPS: US$2.07 (up from US$1.96 in 2Q 2021). Revenue: US$6.15b (up 19% from 2Q 2021). Net income: US$279.3m (up 1.9% from 2Q 2021). Profit margin: 4.5% (down from 5.3% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.9%, compared to a 20% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • May 17
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 24 May 2022. Payment date: 10 June 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of German dividend payers (4.3%). In line with average of industry peers (1.2%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$1.86 (vs US$1.65 in 1Q 2021) First quarter 2022 results: EPS: US$1.86 (up from US$1.65 in 1Q 2021). Revenue: US$5.95b (up 23% from 1Q 2021). Net income: US$250.2m (up 7.6% from 1Q 2021). Profit margin: 4.2% (down from 4.8% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 28% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 21% per year. Upcoming Dividend • Feb 17
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 24 February 2022. Payment date: 10 March 2022. Payout ratio is a comfortable 24% but the company is not cash flow positive. Trailing yield: 1.1%. Lower than top quartile of German dividend payers (3.4%). Higher than average of industry peers (0.7%). Recent Insider Transactions • Feb 15
President recently bought €438k worth of stock On the 11th of February, Christine Leahy bought around 3k shares on-market at roughly €159 per share. This was the largest purchase by an insider in the last 3 months. This was Christine's only on-market trade for the last 12 months. Reported Earnings • Feb 10
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$7.14 (up from US$5.53 in FY 2020). Revenue: US$20.8b (up 13% from FY 2020). Net income: US$988.6m (up 25% from FY 2020). Profit margin: 4.7% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 16%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Nov 16
Upcoming dividend of US$0.50 per share Eligible shareholders must have bought the stock before 23 November 2021. Payment date: 10 December 2021. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.6%). Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$1.94 (vs US$1.35 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$5.30b (up 11% from 3Q 2020). Net income: US$266.6m (up 38% from 3Q 2020). Profit margin: 5.0% (up from 4.1% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Sep 11
Senior VP & CFO Collin Kebo has left the company During their tenure, earnings grew by 16% annually compared to the industry average of 6.9%. On the 7th of September, Collin Kebo left the company after 5.4 in the role. As of June 2021, Collin still personally held 35.71k shares (€5.2m worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 2.75 years. Recent Insider Transactions • Aug 21
Independent Director recently sold €398k worth of stock On the 17th of August, Paul Finnegan sold around 2k shares on-market at roughly €168 per share. In the last 3 months, there was an even bigger sale from another insider worth €949k. Insiders have been net sellers, collectively disposing of €1.3m more than they bought in the last 12 months. Upcoming Dividend • Aug 17
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 24 August 2021. Payment date: 10 September 2021. Trailing yield: 0.8%. Lower than top quartile of German dividend payers (3.2%). In line with average of industry peers (0.7%). Reported Earnings • Aug 05
Second quarter 2021 earnings released: EPS US$1.96 (vs US$1.33 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$5.15b (up 18% from 2Q 2020). Net income: US$274.1m (up 45% from 2Q 2020). Profit margin: 5.3% (up from 4.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 07
Independent Director recently sold €949k worth of stock On the 2nd of June, Donna Zarcone sold around 7k shares on-market at roughly €135 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Upcoming Dividend • May 17
Upcoming dividend of US$0.40 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 10 June 2021. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (3.3%). In line with average of industry peers (0.8%). Reported Earnings • May 06
First quarter 2021 earnings released: EPS US$1.65 (vs US$1.18 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$4.84b (up 10% from 1Q 2020). Net income: US$232.6m (up 39% from 1Q 2020). Profit margin: 4.8% (up from 3.8% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Apr 02
Executive Officer has left the company On the 31st of March, Neil Fairfield's tenure as Executive Officer ended after less than a year in the role. We don't have any record of a personal shareholding under Neil's name. Neil is the only executive to leave the company over the last 12 months. Reported Earnings • Mar 01
Full year 2020 earnings released: EPS US$5.53 (vs US$5.08 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$18.5b (up 2.4% from FY 2019). Net income: US$788.5m (up 7.0% from FY 2019). Profit margin: 4.3% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Mar 01
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 5.6%, compared to a 17% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Feb 21
New 90-day high: €133 The company is up 20% from its price of €111 on 20 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €80.11 per share. Reported Earnings • Feb 12
Full year 2020 earnings released: EPS US$5.53 (vs US$5.08 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: US$18.5b (up 2.4% from FY 2019). Net income: US$788.5m (up 7.0% from FY 2019). Profit margin: 4.3% (up from 4.1% in FY 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 31% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 12
Revenue beats expectations Revenue exceeded analyst estimates by 3.1%. Over the next year, revenue is forecast to grow 5.6%, compared to a 23% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Feb 05
New 90-day high: €124 The company is up 7.0% from its price of €116 on 06 November 2020. The German market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 25% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €80.77 per share. Is New 90 Day High Low • Nov 06
New 90-day high: €117 The company is up 21% from its price of €96.50 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.87 per share. Reported Earnings • Nov 05
Third quarter 2020 earnings released: EPS US$1.35 The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2020 results: Revenue: US$4.76b (down 3.1% from 3Q 2019). Net income: US$193.2m (down 4.2% from 3Q 2019). Profit margin: 4.1% (in line with 3Q 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 05
Revenue beats expectations Revenue exceeded analyst estimates by 4.0%. Over the next year, revenue is forecast to grow 2.0%, compared to a 23% growth forecast for the Electronic industry in Germany. Is New 90 Day High Low • Oct 16
New 90-day high: €112 The company is up 9.0% from its price of €103 on 17 July 2020. The German market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.12 per share. Duyuru • Oct 11
CDW Corporation Recognizes as Microsoft Azure Expert Managed Service Provider to Meet Evolving Customer Needs CDW Corporation announced that it has been recognized as a Microsoft Azure Expert Managed Service Provider (MSP), joining some of Microsoft’s most recognized and capable global solutions partners. This recent recognition demonstrates CDW’s commitment to providing customers with best-in-class design, orchestration, and managed services on Azure with a focus on future success. CDW has achieved the Azure Expert MSP status through a rigorous audit performed by an independent third party, supported by multiple customer references that demonstrate an extensive track record of success. The Azure Expert MSP status is the latest recognition of CDW’s commitment as a partner with multiple Gold Competences and a leading Azure Solutions provider that has been helping customers achieve their business goals by delivering Azure-based solutions since its launch to the marketplace. Is New 90 Day High Low • Oct 01
New 90-day high: €105 The company is up 1.0% from its price of €104 on 03 July 2020. The German market is also up 1.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Electronic industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €71.63 per share. 
