CDW Corporation (CDW) is slated to report fourth-quarter 2024 results on Feb. 05, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for revenues is $4.96 billion, suggesting a 1.2% decline from the year-ago quarter’s reported figure.The consensus estimate for earnings is pegged at $2.33 per share, unchanged in the past 60 days, indicating a decrease of 9.3% from the year-ago quarter’s reported figure.CDW’s earnings missed the Zacks Conse ...

CDW Corporation (CDW) shares have lost 20.7% over the past three months, underperforming the broader Zacks Computer and Technology sector’s return of 6.7% and the Zacks Computers - IT Services industry’s growth of 7.4%.It has also lagged its key industry peers, including Grid Dynamics (GDYN) , Accenture (ACN) and DXC Technology’s (DXC) gains of 48.8%, 6.7% and 5.4%, respectively.The underperformance was primarily led by a 2% decline in net sales to $5.52 billion for the third quarter of 2024, falling short ...

Core Viewpoint - CDW Corporation has strengthened its portfolio through the acquisition of Mission Cloud Services Inc., enhancing its capabilities in AWS-focused professional services and cloud solutions [1][2]. Group 1: Acquisition Details - The acquisition of Mission Cloud Services complements CDW's Digital Velocity division, which includes cloud, data, AI, and software platform engineering, thereby expanding its market presence in cloud services [2]. - Mission's expertise in generative AI and AWS certification allows CDW to provide end-to-end support for AWS-managed environments, enhancing its AWS capabilities [2][3]. - With this acquisition, CDW now holds 17 AWS Competencies, reinforcing its status as an AWS Premier Tier Partner [3]. Group 2: Growth Strategy and Market Position - The acquisition aligns with CDW's three-part growth strategy, aimed at delivering customer-oriented results across the technology stack and customer lifecycle [3]. - CDW's enhanced AWS practice is expected to provide a competitive edge in the growing cloud services market, particularly in emerging markets where cloud adoption is increasing [4]. - The integration of Mission's services is anticipated to positively impact CDW's revenue performance and stock movement [4]. Group 3: Previous Acquisitions - CDW has been actively pursuing strategic acquisitions to bolster organic growth, including the purchase of Enquizit in June 2023, which specializes in AWS cloud services [5]. - Other notable acquisitions include Locus Recruiting LLC in February 2023 and Sirius Computer Solutions in December 2021, which have strengthened CDW's capabilities in managed services and cloud offerings [6]. Group 4: Financial Performance - In the last reported quarter, CDW's revenues decreased by 2% year over year to $5.517 billion, missing the consensus estimate by 3.5%, attributed to economic uncertainty and slower customer decisions on tech spending [7]. - CDW's stock has experienced a decline of 15.1% over the past year, contrasting with the subindustry's growth of 21.4% [9].

HARRISBURG, Pa., Nov. 20, 2024 (GLOBE NEWSWIRE) -- D&H Distributing, a leading provider of technology solutions to the North American channel, announces it was named 2024 CDW Large Distributor Partner of the Year. CDW’s Partner of the Year Awards were presented on November 14 during the 2024 CDW Partner Summit in Las Vegas, honoring CDW partners that represent the power of modern, customer-first partnerships and provided exemplary products, programs, solutions and services to support CDW and its customers t ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, par value $0.01 per share CDW Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

CDW Corporation (NASDAQ:CDW) Q3 2024 Earnings Conference Call October 30, 2024 8:30 AM ET Company Participants Steve O'Brien - Vice President-Investor Relations Chris Leahy - Chair and Chief Executive Officer Al Miralles - Senior Vice President and Chief Financial Officer Conference Call Participants Adam Tindle - Raymond James David Vogt - UBS Erik Woodring - Morgan Stanley Amit Daryanani - Evercore Matt Sheerin - Stifel Keith Housum - Northcoast Research Samik Chatterjee - JPMorgan Operator Good morning a ...

CDW Corporation (CDW) reported third-quarter 2024 non-GAAP earnings per share (EPS) of $2.63, missing the Zacks Consensus Estimate of $2.84. Also, the bottom line fell 3.2% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company's revenues dipped 2% year over year to $5.517 billion. The downside reflects a challenging economic landscape that has led to slower customer decision-making on technology spending, dampened by soft sales in the Corporate and Public segm ...

CDW (CDW) reported $5.52 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 2%. EPS of $2.63 for the same period compares to $2.72 a year ago.The reported revenue represents a surprise of -3.49% over the Zacks Consensus Estimate of $5.72 billion. With the consensus EPS estimate being $2.84, the EPS surprise was -7.39%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectati ...

CDW (CDW) came out with quarterly earnings of $2.63 per share, missing the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.72 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -7.39%. A quarter ago, it was expected that this information technology company would post earnings of $2.51 per share when it actually produced earnings of $2.50, delivering a surprise of -0.40%. Over the last four quarters, t ...

EXHIBIT 99.1 2 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|-------|-----------------------|-------|--------------------------|----------------|----------------------|-------|--------------------------|--------------| | (Dollars in millions, except \nper share amounts and percentage) | | Three Months \n2024 | | Ended September \n2023 | 30, \n% Chg. | Nine Months \n2024 | | Ended September \n2023 | 30, \n% Chg. | ...