CDW Q4 Earnings Call Highlights

CDW’s fourth-quarter gross margin was 22.8% , up 50 basis points year over year and up 90 basis points sequentially. Miralles attributed the sequential improvement to a higher mix of “netted down” revenues, improved product margins, and a slight sequential mix out of client devices.CFO Al Miralles said fourth-quarter gross profit growth came in above the company’s expectations for a low- to mid-single-digit increase. He also noted a moderate pull-forward of about $50 million in net sales tied to memory-rela ...