Quarterly revenues declined 3.6% year over year to $5.423 billion. The decrease is attributed to ongoing economic volatility and the complex technology landscape affecting customer spending, worsened by soft results across the Corporate, Small Business and Public segments. However, the top line beat the consensus mark of $5.4 billion. Net sales of CDW's Corporate segment amounted to $2.195 billion, declining 2.2% on a year-over-year basis. Net sales in Other (Canadian and U.K. operations) plunged 12.7% to $ ...

CDW (CDW) came out with quarterly earnings of $2.50 per share, missing the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.56 per share a year ago. These figures are adjusted for nonrecurring items. CDW, which belongs to the Zacks Computers - IT Services industry, posted revenues of $5.42 billion for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.45%. This compares to year-ago revenues of $5.63 billion. The company has topped consensus revenue estimate ...

EXHIBIT 99.1 "Within an ongoing period of limited demand, the team's value as a trusted advisor and ability to meet our customers' most pressing needs drove strong performance in cloud, security and services," said Christine A. Leahy, chair and chief executive officer, CDW. "This performance contributed to profitability that is underpinned by the strategic investments we have made over the past five years to enhance customer value and our returns." Net sales in the second quarter of 2024 were $5,423 million ...

Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. With that in mind, let's delve into the average projections of some CDW metrics that are commonly tracked and projected by analysts on Wall Street. The consensus estimate for 'Public- Healthcare' stands at $566.11 million. The estimate suggests a change of -3.6% year over year. The colle ...

Core Viewpoint - CDW's earnings missed the Zacks Consensus Estimate in the last quarter, but it surpassed estimates in the previous three quarters, with an average surprise of 0.8% over the trailing four quarters [1]. Financial Performance - The Zacks Consensus Estimate for CDW's revenues is $5.45 billion, indicating a decline of 3.21% from the same quarter last year [3]. - The consensus estimate for earnings is $2.52 per share, reflecting a decrease of 1.56% from the year-ago quarter [3]. - In the first quarter, revenues from Corporate, Small Business, Education, and Healthcare declined by 3.1%, 7.4%, 10.4%, and 1.8%, respectively [5]. - For the second quarter, expected revenues are $2,161.7 million from Corporate (down 3.7%), $389.1 million from Small Business (down 1.8%), and $544.4 million from Healthcare (down 7.3%), while Education revenues are estimated to increase by 3.8% to $1,065.8 million [5]. Market Dynamics - A slowdown across all business segments is anticipated to have negatively impacted top-line performance, with a conservative customer approach due to macroeconomic volatility acting as a headwind [4]. - The dynamic IT landscape and the rise of AI have led to delays in customer decision-making [4]. - Federal channel revenues are affected by congressional budget impacts [4]. Growth Areas - Increasing traction in recently launched AI consulting services, such as AI discovery and Master Operational AI Transition (MOAT), is expected to provide a tailwind for the company [10]. - Customer spending preferences focusing on cost optimization, data protection, and workforce productivity are driving security and cloud revenues [16]. - Revenues from Data Storage and Servers are projected to increase by 8% to $579 million in the upcoming quarter due to higher client spending on efficiency improvements amid data and workload growth [16].

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For the quarter ended March 2024, CDW (CDW) reported revenue of $4.87 billion, down 4.5% over the same period last year. EPS came in at $1.92, compared to $2.03 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.94 billion, representing a surprise of -1.29%. The company delivered an EPS surprise of -11.11%, with the consensus EPS estimate being $2.16.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectati ...

The interest rate collars are designated as cash flow hedges. The changes in the fair value of derivatives that qualify as cash flow hedges are recorded in Accumulated other comprehensive loss ("AOCL") and are subsequently reclassified into Interest expense, net in the period when the hedged forecasted transaction affects earnings. During the three months ended March 31, 2024 and 2023, the change in fair value for the effective portion of the derivative financial instruments and the reclassification from AO ...

CDW Corporation (NASDAQ:CDW) Q1 2024 Earnings Conference Call May 1, 2024 8:30 AM ET Company Participants Steve O'Brien - Investor Relations Chris Leahy - Chair & Chief Executive Officer Al Miralles - Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James Samik Chatterjee - JPMorgan Amit Daryanani - Evercore Matt Sheerin - Stifel Erik Woodring - Morgan Stanley David Vogt - UBS Operator Welcome to the CDW First Quarter 2024 Earnings Call. My name is Carla and I'll be coordinating yo ...

CDW Corporation (CDW) reported first-quarter 2024 non-GAAP earnings per share (EPS) of $1.92, which missed the Zacks Consensus Estimate of $2.16. Also, the bottom line declined 5.5% year over year.The company’s revenues decreased 4.5% year over year to $4.872 billion. Net sales decreased 4.9% at constant currency. The downtick was caused due to weakness across all business segments. However, quarterly revenues beat the consensus mark of $4.396 billion.Separately, the company announced a quarterly dividend o ...