Loading...
Docoh

CDW (CDW)

CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. A Fortune 500 company and member of the S&P 500 Index, CDW was founded in 1984 and employs approximately 10,000 coworkers. For the year ended December 31, 2020, the company generated Net sales over $18 billion.

Company profile

Ticker
CDW
Exchange
Website
CEO
Christine A. Leahy
Employees
Incorporated
Location
Fiscal year end
Former names
VH Holdings, Inc.
SEC CIK
Subsidiaries
CDW LLC • CDW Finance Corporation • CDW Technologies LLC • CDW Direct, LLC • CDW Government LLC • CDW Logistics LLC • CDW Canada Corp. • CDW NA Limited • CDW International Holdings Limited • CDW Finance Bidco Limited ...
IRS number
260273989

CDW stock data

Analyst ratings and price targets

Last 3 months

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

3 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
10 Jun 22 Finnegan Paul J Common Stock, par value $0.01 Grant Acquire A No No 0 18.67 0 15,410.37
10 Jun 22 Clarizio Lynda M Common Stock, par value $0.01 Grant Acquire A No No 0 3.1 0 12,248.16
10 Jun 22 James A Bell Common Stock, par value $0.01 Grant Acquire A No No 0 50.01 0 20,371.74
10 Jun 22 Anthony R Foxx Common Stock, par value $0.01 Grant Acquire A No No 0 6.67 0 2,240.48
10 Jun 22 Mehrotra Sanjay Common Stock, par value $0.01 Grant Acquire A No No 0 6.04 0 2,029.78
90.4% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 742 775 -4.3%
Opened positions 73 126 -42.1%
Closed positions 106 69 +53.6%
Increased positions 272 281 -3.2%
Reduced positions 271 257 +5.4%
13F shares Current Prev Q Change
Total value 21.77B 25.3B -13.9%
Total shares 122.12M 123.76M -1.3%
Total puts 86.6K 132K -34.4%
Total calls 68.5K 52.41K +30.7%
Total put/call ratio 1.3 2.5 -49.8%
Largest owners Shares Value Change
Vanguard 15.72M $2.81B +1.3%
BLK Blackrock 11.06M $1.98B +16.2%
Select Equity 7.1M $1.27B +1.2%
STT State Street 5.3M $947.67M -2.2%
Alliancebernstein 5.27M $943.1M +5.5%
Wellington Management 4.94M $882.84M -7.7%
Mawer Investment Management 3.87M $691.91M +5.3%
Longview Partners 3.51M $628.04M +399.7%
Amundi 2.98M $527.98M -10.5%
ATAC Neuberger Berman 2.83M $506.85M -14.3%
Largest transactions Shares Bought/sold Change
Longview Partners 3.51M +2.81M +399.7%
BLK Blackrock 11.06M +1.54M +16.2%
Lazard Asset Management 6.91K -1.53M -99.6%
Kayne Anderson Rudnick Investment Management 1.26M -1.31M -51.0%
Norges Bank 0 -1.29M EXIT
Alyeska Investment 560.93K +560.93K NEW
ATAC Neuberger Berman 2.83M -472.88K -14.3%
FMR 2.56M -462.92K -15.3%
Wellington Management 4.94M -411.33K -7.7%
TROW T. Rowe Price 484.08K -397.26K -45.1%

Financial report summary

?
Risks
  • The outbreak of the novel coronavirus (“COVID-19”) pandemic has adversely impacted and could continue to adversely impact our business and results of operations and could also adversely impact our cash flows, financial condition and liquidity.
  • 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 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 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.
  • If we or our third-party service providers fail to provide high-quality services to our customers, our reputation, brand, business, results of operations or cash flows could be adversely affected.
  • If we lose any of our key personnel, are unable to attract and retain the talent required for our business, our labor costs significantly increase or if our approach to workforce management is ineffective, 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.
  • Achieving the anticipated benefits of the Sirius acquisition remains subject to a number of uncertainties.
  • 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.
  • Global and regional economic and political conditions may have an adverse impact on our business.
  • The interruption of the flow of products from suppliers could disrupt our supply chain.
  • Our financial performance could be adversely affected by decreases in spending on technology products and services by our public and private sector customers due to, among other things, customer spending decisions and government spending policies.
  • 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.
  • We are exposed to risks from legal proceedings and audits, including intellectual property infringement claims, 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 or failure to meet stakeholder expectations on environmental sustainability and corporate responsibility matters could adversely affect 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”) is being discontinued as a floating rate benchmark, which may 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 254 selling days for both the years ended December 31, 2021 and 2020.
  • Total Net sales for the year ended December 31, 2021 increased $2,353 million, or 12.7%, to $20,821 million, compared to the prior year. This increase includes $197 million of Net sales from the acquisition of Sirius which closed on December 1, 2021. The Net sales impact from the acquisition of Sirius is included in our Corporate, Small Business and Public segments. Net sales growth was primarily driven by Corporate, Education and Small Business customers and the results from the UK and Canadian operations included in Other, partially offset by lower Net sales to Government customers.
  • Corporate segment Net sales for the year ended December 31, 2021 increased $1,334 million, or 19.5%, compared to the year ended December 31, 2020. The increase was primarily driven by hybrid work resulting in higher demand for notebooks/mobile devices, video and accessories. Additionally, Corporate customers continued to prioritize digital transformation, hybrid and cloud and security, driving growth in solutions categories, including servers and software.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accelerate, geopolitical, monetary, netcomm, recourse, social
Removed: conform, create, extended, improved, internally, lead, mixing, revision, spread, unpredictability

Patents

Utility
System and method for automated information technology services management
14 Jun 22
A computer-implemented method includes receiving a routing request with respect to a base management node of a customer and an avatar of a customer, generating a first virtual network interface corresponding to the base management node, generating a second virtual network interface corresponding to the avatar, the first virtual network interface and the second virtual network interface communicatively coupled by a network tunnel, and providing the customer with access to the information technology resource via the network tunnel.
Utility
Available parking space dispatch
31 May 22
A method of parking space dispatch includes receiving a user command, enqueueing the user command, analyzing an image of a parking area using a machine learning model, dequeueing the user command, and notifying the user of an identification of the available parking space.
Utility
Visual Programming Methods and Systems for Intent Dispatch
12 May 22
A computing system includes a processor; an input device; and a memory containing instructions that, when executed, cause the computing system to receive a data description corresponding to a graphical user interface control; identify the graphical user interface control using a trained convolutional neural network; and display an action palette.
Utility
Automated Graphical User Interface Control Methods and Systems Using Voice Commands
12 May 22
A computing system for enabling a user to control a legacy application of an enterprise using voice commands includes a processor and a memory storing instructions that, when executed by the one or more processors, cause the computing system to receive a user utterance; generate an output by analyzing the utterance using a speech-to-text application programming interface; and perform an action with respect to an element of the legacy application.
Utility
Smart Building Management Suite Using Robot Command and Control
28 Apr 22
A computer-implemented method includes displaying a bot client application including an active channel indicator, receiving bot input, analyzing the bot input, generating an output, and displaying the output.