Financial Performance - Net sales for Q2 2023 were $5.626 billion, a decrease from $6.146 billion in Q2 2022[160][167] - Gross profit margin improved to 21.0% in Q2 2023, up from 19.0% in Q2 2022[160] - Operating income was $435.3 million, representing 7.3% of net sales in Q2 2023[160] - Net income was $279.3 million, representing 4.7% of net sales in Q2 2023[160] - Total net sales for the six months ended June 30, 2022, were $12,094.9 million, with hardware contributing $9,404.0 million (77.9%), software $1,719.4 million (14.2%), and services $907.1 million (7.5%)[174][175] Segment Performance - Corporate segment sales declined to $2.245 billion in Q2 2023 from $2.661 billion in Q2 2022[167][169] - Public segment sales increased to $2.295 billion in Q2 2023 from $2.243 billion in Q2 2022[167][169] - Small Business segment sales decreased to $396.2 million in Q2 2023 from $500.0 million in Q2 2022[167][169] - Corporate sales in the United States amounted to $5,272.2 million, while the Rest of World corporate sales were $16.1 million[174] - Government channel sales were $1,153.4 million, Education channel sales were $1,944.1 million, and Healthcare channel sales were $1,178.5 million in 2022[174] Product Sales - Hardware sales accounted for $4.280 billion of total net sales in Q2 2023[167] - Notebooks/Mobile Devices accounted for 28.7% of total net sales in 2022, generating $3,477.4 million, a decrease from 2023 where it accounted for 22.2% with $2,385.5 million[175] - Netcomm Products saw a significant increase in net sales from $1,191.6 million (9.9%) in 2022 to $1,660.9 million (15.5%) in 2023[175] - Data Storage and Servers contributed $1,247.3 million (10.3%) to total net sales in 2022, slightly decreasing to $1,078.0 million (10.0%) in 2023[175] - Software sales decreased from $1,719.4 million (14.2%) in 2022 to $1,808.8 million (16.9%) in 2023, showing a shift in product mix[175] - Services sales remained relatively stable, with $907.1 million (7.5%) in 2022 and $895.3 million (8.3%) in 2023[175] - Other sales, including delivery charges, were $64.4 million (0.4%) in 2022 and decreased to $56.6 million (0.5%) in 2023[175] Geographic Sales - US sales represented 87.2% of total net sales at $4.904 billion in Q2 2023[167] Revenue Recognition - Revenue recognition at a point in time where CDW is principal accounted for $10,765.7 million, while revenue transferred over time where CDW is principal was $660.0 million[174] Services Revenue - Services revenue grew to $453.2 million in Q2 2023, up from $469.7 million in Q2 2022[167][169]

Chris Leahy Samik Chatterjee Yes. Good morning, Samik, this is Al. So, with respect to Q2, I think what you're seeing from our outlook is, again, both expectation that the overall conditions and customer buying behavior would be similar and particularly in commercial that is softer with an offset that, we'd expect that regular seasonality, particularly from our public business. would be in play. So, the lift there largely from that seasonality from public with a bit of a muting from our typical seasonality ...

UNITED STATES CDW CORPORATION (Exact name of registrant as specified in its charter) Table of Contents CDW CORPORATION AND SUBSIDIARIES FORM 10-Q | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------|-------|------------------------------------|-------|-----------------------| | Assets | | March 31, 2023 \n(unaudited) | | December 31, 2022 | | Current assets: | | | | | | Cash and cash equival ...

UNITED STATES Commission File Number 001-35985 Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). ý Yes ¨ No Indicate by check mark whether the registrant has filed a report on and attestat ...

Steve O'Brien - IR Chris Leahy - President, CEO & Chair Al Miralles - CFO Operator Steve O'Brien Our presentation also includes certain non-GAAP financial measures, including non-GAAP operating income, non-GAAP operating income margin, non-GAAP net income and non-GAAP earnings per share. All nonGAAP measures have been reconciled to the most directly comparable GAAP measures in accordance with SEC rules. You'll find reconciliation charts in the slides for today's webcast and in our earnings release and Form ...

CDW Corporation (NASDAQ:CDW) Q3 2022 Earnings Conference Call November 2, 2022 8:30 AM ET Company Participants Steven O'Brien - VP, IR Christine Leahy - President, CEO & Director Albert Miralles - SVP & CFO Conference Call Participants Shannon Cross - Crédit Suisse Amit Daryanani - Evercore ISI Erik Woodring - Morgan Stanley Ruplu Bhattacharya - Bank of America Merrill Lynch Samik Chatterjee - JPMorgan Chase & Co. James Suva - Citi Keith Housum - Northcoast Research Mark Cash - Raymond James & Associates Op ...

CDW Corporation Webcast Conference Call November 2, 2022 CDW.com | 800.800.4239 Today's Agenda ▪ Third Quarter and YTD 2022 Results ▪ Performance Drivers ▪ Outlook ▪ Q&A 2 Disclaimers Forward-Looking Statements Statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the future financial performance, cap ...

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, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transit ...

CDW Corporation (NASDAQ:CDW) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Steven O'Brien - Vice President of Investor Relations Christine Leahy - President and Chief Executive Officer Albert Miralles - Senior Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Chase & Co. James Suva - Citigroup Inc. Erik Woodring - Morgan Stanley Matthew Sheerin - Stifel, Nicolaus & Company, Inc. Ruplu Bhattacharya - Bank of America Merrill L ...

CDW Corporation Webcast Conference Call August 3, 2022 CDW.com | 800.800.4239 Today's Agenda ▪ Second Quarter and YTD 2022 Results ▪ Performance Drivers ▪ Outlook ▪ Q&A 2 Disclaimers Forward-Looking Statements Statements in this presentation that are not statements of historical fact are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the future financial performance, capi ...