Company profile

Ticker
CDW
Exchange
Employees
Incorporated in
Location
Fiscal year end
Former names
VH Holdings, Inc.
SEC CIK
IRS number
260273989

Calendar

1 May 19
18 Jun 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Dec 18 Sep 18 Jun 18 Mar 18
Revenue 4.07B 4.37B 4.19B 3.61B
Net income 159.3M 183.7M 173M 127M
Diluted EPS 1.05 1.2 1.12 0.82
Net profit margin 3.91% 4.20% 4.13% 3.52%
Operating income 242.9M 265.5M 204.1M
Net change in cash -120.3M 76.8M
Cash on hand 205.8M 100.7M 221M
Cost of revenue 3.49B 3B
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 16.24B 15.19B 13.98B 12.99B
Net income 643M 523.1M 425.1M 403.1M
Diluted EPS 4.19 3.31 2.56 2.35
Net profit margin 3.96% 3.44% 3.04% 3.10%
Operating income 987.3M 866.5M 820M 742M
Net change in cash 61.6M -119.5M 226.1M -306.9M
Cash on hand 205.8M 144.2M 263.7M 37.6M
Cost of revenue 13.53B 12.38B 11.34B 10.87B

Financial data from CDW earnings reports

Financial report summary

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Management Discussion
  • Total Net sales for the three months ended March 31, 2019 increased $352 million, or 9.7%, to $3,958 million, compared to $3,606 million for the three months ended March 31, 2018. Excluding the impact of foreign currency fluctuations, constant currency Net sales growth was 10.6%. There was one fewer selling day in the three months ended March 31, 2019 compared to the same period of 2018, and Net sales on an average daily sales basis increased 11.5%. See "Non-GAAP Financial Measure Reconciliations" below for additional detail regarding constant currency Net sales growth.
  • For the three months ended March 31, 2019, Net sales growth reflected growth across most major product categories, particularly client devices, software, servers and enterprise storage. Additionally, strong results from our international operations, including two months of Net sales from Scalar Decisions Inc. ("Scalar"), which was acquired on February 1, 2019, contributed to our Net sales growth.
  • Corporate segment Net sales for the three months ended March 31, 2019 increased $170 million, or 10.9%, compared to the three months ended March 31, 2018. On an average daily sales basis, Corporate segment Net sales increased 12.6%. Growth was primarily driven by client devices, software, networking and servers.
Content analysis ?
Positive
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Uncertain
Constraining
Legalese
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H.S. sophomore Avg
New words: broader, consumption, continent, deductible, detail, evolve, goodwill, heading, indemnity, methodology, metric, model, modernizing, preliminary, presence, recast, renew, replaced, Scalar, shown, sum, withdrawal
Removed: ABR, addressing, adjust, adjustment, agency, agent, aggregate, Alternate, amortized, analyze, annum, anticipated, approval, approximated, April, arrangement, arranging, ascribe, assessment, assurance, backup, bear, billed, borrower, Bulletin, bundled, buy, capitalized, chain, charge, collectability, collected, combination, commonly, compression, configuration, confirm, conform, connectivity, continue, core, coupled, covenant, create, created, cumulative, deemed, delay, deliverable, demand, deposited, Description, destination, disclose, discussed, dispose, distribution, distributor, documentation, EA, earned, EAs, electronic, employee, enacted, enter, essential, establishing, evidence, evidencing, exceed, executing, existing, expedient, expensing, extended, extinguishment, fee, forma, freight, frequent, fringe, fulfilling, fulfillment, functionality, good, governmental, hand, hedge, hedging, hosting, iii, implementing, imposing, improve, incorporate, indenture, ineffective, install, instrument, intelligence, intended, intending, internet, introduced, invoice, invoicing, issuance, iv, leasing, legislation, lend, license, line, long, mandatory, manufacturer, mature, monthly, movement, obtaining, office, ongoing, opportunity, ownership, par, paragraph, passed, paying, perception, permitted, physically, point, possession, practical, prepay, pricing, prime, pro, productivity, professional, promise, promised, proportionally, provisional, quantity, ready, recognize, recommending, redeem, redemption, redirected, reduced, reducing, refinancing, refresh, refund, remedy, remote, repaid, repatriation, represented, representing, requirement, resolved, responsible, retention, retired, retrospective, revaluing, reversal, rounding, sale, satisfaction, separate, September, server, servicing, shipped, shipping, show, solution, specifically, standalone, substance, supplier, taxing, team, title, transferred, transparency, treatment, trend, twelve, typical, unremitted, updated, upgrade, usage, utilize, utilized, utilizing, variety, video, warehouse, warrant, warranty, wholesale, wholly, withholding, work