CDW Corporation's Stock Analysis

CDW Stockholders Approve Amendments to Corporate Governance Documents

On May 21, 2026, CDW Corporation held its Annual Meeting where stockholders approved an amendment to the Company's Certificate of Incorporation. This amendment allows stockholder action by written consent, which became effective on May 22, 2026, following the filing of the Eighth Amended and Restated Certificate of Incorporation in Delaware.

Additionally, the Company's Board of Directors adopted Amended and Restated Bylaws that clarify the conditions under which stockholders may act by written consent. The details of the voting results for the matters submitted to stockholder vote at the Annual Meeting were also provided.

May 26, 2026 16:03:30

CDW Increases Share Repurchase Program by $1 Billion

CDW Corporation has authorized a $1 billion increase to its share repurchase program, which allows the company to buy back its common stock in the open market or through other transactions. This increase is in addition to the approximately $484 million that remains from the previous repurchase program as of March 31, 2026. The timing and amount of any repurchases will depend on market conditions and other factors, and the program does not obligate the company to repurchase a specific dollar amount or number of shares.

Since its IPO in June 2013, CDW has returned about $8.4 billion to stockholders through share repurchases and dividends. The company's capital allocation strategy aims to deliver value to stockholders while also considering strategic mergers and acquisitions. Future share repurchases will be subject to the discretion and approval of CDW's Board of Directors, and the program may be modified or suspended at any time without prior notice.

May 13, 2026 08:31:57

CDW Announces First Quarter 2026 Financial Results and Dividend

CDW Corporation reported net sales of $5,680 million for the first quarter of 2026, marking a 9.2% increase compared to the same period in 2025. The growth was driven by heightened customer demand for various technology products, including data storage and servers. The company's gross profit rose to $1,190 million, although the gross profit margin slightly decreased to 21.0%. Operating income increased to $376 million, while net income reached $235 million, reflecting a 4.7% rise year-over-year. The company declared a quarterly cash dividend of $0.630 per common share, payable on June 10, 2026, to stockholders of record as of May 25, 2026.

The commercial segment generated the highest net sales at $3,569 million, a 9.6% increase from the previous year, primarily driven by strong performance in financial services and corporate customers. The government and education segments also saw increases in net sales, contributing to overall growth. CDW emphasized its role as a trusted advisor in a complex technology landscape, which is crucial as customers increasingly adopt AI solutions. The company continues to focus on disciplined management of working capital and cash flow to maintain financial flexibility in a dynamic market environment.

May 06, 2026 07:08:30

CDW Announces Realignment of Reportable Segments for 2026

CDW Corporation has announced a realignment in its segment reporting structure effective January 1, 2026. The company will now report its operations across three segments: Commercial, Government, and Education. The Commercial segment will encompass corporate, financial services, and healthcare customers, while the Government segment will serve federal, state, and local agencies, as well as private sector businesses interacting with government entities. The Education segment will focus on primary, secondary, and higher education institutions in the U.S. CDW UK and CDW Canada will be included in an 'Other' category that remains unchanged.

Additionally, CDW has updated its methodology for allocating headquarters costs to better reflect how these expenses are managed. This change will differentiate costs that support specific operating segments from those that are enterprise-wide. Historical financial information has been adjusted accordingly to enhance comparability, but it does not amend or restate previously reported consolidated financial statements.

May 01, 2026 16:08:15

CDW Director Sanjay Mehrotra Will Not Seek Reelection

Sanjay Mehrotra has announced that he will not stand for reelection at CDW Corporation's 2026 Annual Meeting of Stockholders. He will continue to serve through the remainder of his current term. His decision to step down is not related to any disagreements regarding the Company's operations or policies.

Mar 27, 2026 08:31:08

CDW Reports Fourth Quarter and Full Year 2025 Financial Results

CDW Corporation announced its financial results for the fourth quarter and full year 2025. Net sales for the fourth quarter were $5.511 billion, marking a 6.3% increase from the previous year, driven by growth in software, notebooks, and services. Gross profit for the quarter rose to $1.254 billion, with a gross profit margin of 22.8%. For the full year, net sales reached $22.424 billion, up 6.8% from 2024, while net income decreased slightly to $1.067 billion. The company declared a quarterly cash dividend of $0.630 per share, to be paid on March 10, 2026, to stockholders of record as of February 25, 2026.

In the fourth quarter, the Corporate segment experienced a slight decline in net sales, while the Small Business segment saw an 18.4% increase. The Public segment's sales grew by 7.0%, largely due to increased sales to education, healthcare, and government customers. Selling and administrative expenses increased by 10.3% to $824 million, impacting operating income, which rose to $431 million. The effective income tax rate for the quarter was 24.3%, and net income per diluted share increased to $2.14, up 8.8% from the prior year.

Feb 04, 2026 07:06:40

CDW Secures $2.88 Billion Credit Facility for Operations

CDW LLC has entered into a new five-year senior unsecured credit facility worth $2,884.5 million, which includes a term loan of $634.5 million and a revolving loan facility of $2,250 million. This facility aims to refinance existing debt and support general corporate purposes. The term loan requires no scheduled principal payments until maturity, while the revolving credit can be drawn in multiple currencies, subject to certain conditions. The facility also allows for potential increases in borrowing capacity up to $1 billion under specified terms.

Additionally, CDW has updated its Compensation Protection Agreements for key executives, extending their terms to January 1, 2029, and modifying certain severance calculation definitions. These agreements ensure that executives receive severance benefits upon qualifying terminations, contingent on compliance with non-competition covenants. The changes are aimed at aligning executive compensation structures with the company’s operational strategies.

Dec 23, 2025 08:30:26

CDW Reports Q3 2025 Financial Results and Dividend Announcement

CDW Corporation announced its financial results for the third quarter of 2025, reporting net sales of $5,737 million, a 4.0 percent increase from $5,517 million in the same quarter of 2024. The growth was driven by higher demand for various IT products and services, although there was a decrease in sales for data storage and servers. The company’s gross profit rose to $1,256 million, reflecting a gross profit margin of 21.9 percent. However, operating income decreased to $443 million, down 8.0 percent compared to the previous year, largely due to increased selling and administrative expenses. Net income for the quarter was $291 million, a decrease of 8.0 percent from $316 million in Q3 2024, translating to a net income per diluted share of $2.21, down 5.8 percent year-over-year.

Additionally, CDW’s Board of Directors declared a quarterly cash dividend of $0.630 per common share, set to be paid on December 10, 2025, to stockholders of record by November 25, 2025. The company emphasized its focus on optimizing cash flow and maintaining its commitment to returning value to shareholders. CDW continues to target exceeding U.S. IT market growth by 200 to 300 basis points on a constant currency basis, supported by its diverse customer base and strategic investments in services and cloud offerings.

Nov 04, 2025 07:03:19

CDW Announces Retirement of Chief Growth Officer Sona Chawla

CDW Corporation has announced the retirement of Sona Chawla, the Chief Growth and Innovation Officer and Executive Vice President, effective December 31, 2025. Following her retirement, she will provide consulting support until April 9, 2026, to facilitate the transition of her responsibilities.

This leadership change may impact the company's strategic direction and growth initiatives, as Ms. Chawla has played a significant role in these areas. Investors should monitor how the transition affects the company's operations and future performance.

Oct 28, 2025 07:23:15

CDW Announces Q2 2025 Financial Results and Dividend Declaration

CDW Corporation reported net sales of $5,977 million for the second quarter of 2025, reflecting a 10.2% increase compared to $5,423 million in the same quarter of 2024. The growth was driven by increased demand for notebooks, software, and data storage solutions. The Corporate segment saw a significant rise in net sales, increasing by 17.6%, while the Small Business and Public segments also experienced growth. However, gross profit margin declined to 20.8% from 21.8% the previous year due to lower rates in certain hardware categories and increased selling and administrative expenses.

Additionally, CDW's Board of Directors declared a quarterly cash dividend of $0.625 per share, set to be paid on September 10, 2025, to stockholders of record by August 25, 2025. The company's net income for the second quarter was $271 million, a decrease of 3.5% from $281 million in the prior year, while non-GAAP net income rose slightly to $344 million. The effective income tax rate decreased to 25.7% from 26.0%, contributing to the overall financial results amidst ongoing economic uncertainty.

Aug 06, 2025 07:06:25