Company profile

Ticker
CDW
Exchange
Website
CEO
Christine A. Leahy
Employees
Incorporated
Location
Fiscal year end
Former names
VH Holdings, Inc.
SEC CIK
IRS number
260273989

CDW stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

2 Nov 20
27 Nov 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from CDW earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
10 Sep 20 Clarizio Lynda M Common Stock, par value $0.01 Grant Aquire A No 0 5.4 0 10,847.88
10 Sep 20 Chereskin Benjamin D Common Stock, par value $0.01 Grant Aquire A No 0 26.04 0 27,353.69
10 Sep 20 Allen Barry K Common Stock, par value $0.01 Grant Aquire A No 0 69.64 0 32,717.67
10 Sep 20 Alesio Steven W Common Stock, par value $0.01 Grant Aquire A No 0 38.43 0 20,162.68
10 Sep 20 Nelms David W Common Stock, par value $0.01 Grant Aquire A No 0 74.95 0 21,787.33
90.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 597 632 -5.5%
Opened positions 64 82 -22.0%
Closed positions 99 59 +67.8%
Increased positions 228 209 +9.1%
Reduced positions 211 258 -18.2%
13F shares
Current Prev Q Change
Total value 15.42B 14.75B +4.5%
Total shares 129.03M 127.08M +1.5%
Total puts 75.6K 77.1K -1.9%
Total calls 75.4K 142.1K -46.9%
Total put/call ratio 1.0 0.5 +84.8%
Largest owners
Shares Value Change
Vanguard 16.05M $1.92B -3.4%
BLK BlackRock 10M $1.2B -3.1%
Wellington Management 8.14M $972.51M +7.7%
Select Equity 6.9M $824.17M +16.9%
STT State Street 5.71M $682.7M -4.1%
Kayne Anderson Rudnick Investment Management 5.06M $604.35M +6.1%
Alliancebernstein 4.49M $537.09M +3.8%
Amundi Pioneer Asset Management 3.65M $435.9M +16.4%
NEU Neuberger Berman 3.13M $374.43M +0.8%
Atlanta Capital Management Co L L C 2.45M $292.97M +63.6%
Largest transactions
Shares Bought/sold Change
Select Equity 6.9M +994.34K +16.9%
Atlanta Capital Management Co L L C 2.45M +953.14K +63.6%
FMR 2.1M -779.26K -27.1%
Teacher Retirement System Of Texas 761.39K +731.61K +2456.8%
MN Manning & Napier 703.68K +684.89K +3644.8%
Wellington Management 8.14M +581.58K +7.7%
Vanguard 16.05M -567.76K -3.4%
Amundi Pioneer Asset Management 3.65M +512.96K +16.4%
IVZ Invesco 932.7K -471.56K -33.6%
Mawer Investment Management 1.95M +397.4K +25.6%

Financial report summary

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Risks
  • Global and regional economic and political conditions may have an adverse impact on our business.
  • Our financial performance could be adversely affected by decreases in spending on technology products and services by our public sector customers.
  • Our business depends on our vendor partner relationships and the terms of the agreements governing those relationships.
  • Our sales are dependent on continued innovations in hardware, software and services offerings by our vendor partners and the competitiveness of their offerings, and our ability to partner with new and emerging technology providers.
  • Substantial competition could reduce our market share and significantly harm our financial performance.
  • The interruption of the flow of products from suppliers could disrupt our supply chain.
  • The success of our business depends on the continuing development, maintenance and operation of our information technology systems.
  • Breaches of data security and the failure to protect our information technology systems from cybersecurity threats could adversely impact our business.
  • The failure to comply with our public sector contracts or applicable laws and regulations could result in, among other things, termination, fines or other liabilities, and changes in procurement regulations could adversely impact our business, results of operations or cash flows.
  • If we or our third-party service providers fail to provide high-quality services to our customers, our reputation, business, results of operations or cash flows could be adversely affected.
  • If we lose any of our key personnel, or are unable to attract and retain the talent required for our business, our business could be disrupted and our financial performance could suffer.
  • A natural disaster or other adverse occurrence at one of our primary facilities or a third-party provider location could damage our business.
  • Increases in the cost of commercial delivery services or disruptions of those services could materially adversely impact our business.
  • We are exposed to accounts receivable and inventory risks.
  • We could be exposed to additional risks if we continue to make strategic investments or acquisitions or enter into alliances.
  • Our future operating results may fluctuate significantly, which may result in volatility in the market price of our stock and could impact our ability to operate our business effectively.
  • Fluctuations in foreign currency have an effect on our reported results of operations.
  • We are exposed to risks from legal proceedings and audits, which may result in substantial costs and expenses or interruption of our normal business operations.
  • Failure to comply with complex and evolving laws and regulations applicable to our operations could adversely impact our business, results of operations or cash flows.
  • Our level of indebtedness could adversely affect our business.
  • Restrictive covenants under our senior credit facilities and, to a lesser degree, our indentures may adversely affect our operations and liquidity.
  • We will be required to generate sufficient cash to service our indebtedness and, if not successful, we may be forced to take other actions to satisfy our obligations under our indebtedness.
  • We and our subsidiaries may be able to incur substantially more debt, including secured debt. This could further increase the risks associated with our leverage.
  • Variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • The London Inter-bank Offered Rate ("LIBOR") and certain other interest "benchmarks" may be subject to regulatory guidance and/or reform that could cause interest rates under our current or future debt agreements to perform differently than in the past or cause other unanticipated consequences.
  • Our common stock price may be volatile and may decline regardless of our operating performance, and holders of our common stock could lose a significant portion of their investment.
  • Anti-takeover provisions in our charter documents and Delaware law might discourage or delay acquisition attempts for us that may be considered favorable.
  • We cannot assure you that we will continue to pay dividends on our common stock or repurchase any of our common stock under our share repurchase program, and our indebtedness and certain tax considerations could limit our ability to continue to pay dividends on, or make share repurchases of, our common stock. If we do not continue to pay dividends, you may not receive any return on investment unless you are able to sell your common stock for a price greater than your purchase price.
  • We are a holding company and rely on dividends, distributions and other payments, advances and transfers of funds from our subsidiaries to meet our obligations.
Management Discussion
  • (1)There were 64 selling days for both the three months ended September 30, 2020 and 2019.
  • Total Net sales for the three months ended September 30, 2020 decreased $151 million, or 3.1%, to $4,756 million, compared to the three months ended September 30, 2019. Excluding the impact of foreign currency fluctuations, constant currency Net sales decreased 3.3%. For additional information, see "Non-GAAP Financial Measure Reconciliations" below regarding constant currency Net sales growth.
  • For the three months ended September 30, 2020, Net sales decreased across all major hardware categories, with the exception of notebooks/mobile devices, compared to the three months ended September 30, 2019, due to the impact of the COVID-19 pandemic on customer demand. The Census project contributed to growth in other hardware, including accessories and smartphones, and services. For additional information, see Note 10 (Segment Information) to the accompanying Consolidated Financial Statements.
Content analysis ?
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Legalese
Litigous
Readability
H.S. junior Avg
New words: IGNW, point, prioritized, refinance, refund, resumption, size, sustained, workforce
Removed: Description, DIO, video

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