CDW Beats Q4 Earnings and Revenue Estimates
VERNON HILLS, Ill. – CDW Corp. (CDW) reported strong fourth-quarter results on Wednesday, exceeding Wall Street expectations.
Key Financial Metrics:
* Net income: $264.2 million
* Earnings per share: $1.97
* Adjusted earnings per share: $2.48
* Revenue: $5.19 billion
Analysts' Estimates:
Analysts had estimated earnings of $2.33 per share and revenue of $4.97 billion.
Full-Year Results:
For the year, CDW reported:
* Profit: $1.08 billion
* Earnings per share: $7.97
* Revenue: $21 billion
Stock Performance:
CDW shares have gained 15% year-to-date but have declined 14% over the past 12 months.
Additional Insights:
CDW's results reflect continued demand for IT products and services amid the ongoing digital transformation. The company's focus on cloud computing, cybersecurity, and data center solutions has contributed to its growth.
Investors should monitor CDW's performance in the coming quarters as the IT industry continues to evolve.