Electronic Equipment, Instruments and Components
Company Overview of CDW Corporation
CDW Corporation distributes information technology (IT) solutions in the United States and Canada. It operates in two segments, Corporate and Public. The company offers discrete hardware and software products to integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration. Its hardware products comprise notebooks/mobile devices, network communications, enterprise and data storage, video monitors, printers, desktop computers, and servers; and software products include application suites, security, virtualization, operating systems, network management, and software as a service offerings. The company also provides a suite o...
200 North Milwaukee Avenue
Vernon Hills, IL 60061
Founded in 1984
Key Executives for CDW Corporation
Chairman, Chief Executive Officer and President
Total Annual Compensation: $798.3K
Chief Financial Officer and Senior Vice President
Total Annual Compensation: $454.0K
Chief Information Officer and Senior Vice President of Operations
Total Annual Compensation: $322.1K
Senior Vice President of Strategic Solutions & Services
Total Annual Compensation: $370.5K
Senior Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $340.5K
Compensation as of Fiscal Year 2014.
CDW Corporation Key Developments
CDW Corporation Announces Quarterly Dividend, Payable on December 10, 2015; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year of 2015
Nov 4 15
CDW Corporation announced that a quarterly cash dividend payment of $0.1075 per share will be paid on December 10, 2015 to all shareholders of record as of the close of business on November 25, 2015.
The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, net sales were $3,501.1 million against $3,266.1 million a year ago. Income from operations was $204.6 million against $184.7 million a year ago. Income before income taxes was $246.2 million against $89.5 million a year ago. Net income was $150.9 million against $55.6 million a year ago. Diluted net income per share was $0.88 against $0.32 a year ago. Non-GAAP net income was $143.2 million against $110.7 million a year ago. Non-GAAP net income per diluted share was $0.84 against $0.64 a year ago. EBITDA was $344.6 million against $191.5 million a year ago. Adjusted EBITDA was $282.1 million against $242.6 million a year ago.
For the nine months, net sales were $9,570.3 million against $9,024.4 million a year ago. Income from operations was $562.1 million against $508.7 million a year ago. Income before income taxes was $505.3 million against $307.6 million a year ago. Net income was $313.8 million against $193 million a year ago. Diluted net income per share was $1.82 against $1.12 a year ago. Non-GAAP net income was $379.8 million against $307.7 million a year ago. Non-GAAP net income per diluted share was $1.82 against $1.12 a year ago. EBITDA was $791.4 million against $612.2 million a year ago. Adjusted EBITDA was $761.0 million against $683.4 million a year ago. Cash flows from operating activities were $294.9 million against $350.5 million a year ago. Capital expenditure was $43.9 million against $34.4 million a year ago.
For the fourth quarter, the company continues to expect to exceed non-GAAP earnings per share target of mid-teens growth in 2015 and now look for growth in the low twenties.
For full year 2015, the company continues to expect a cash tax rate of 39% to be applied to pretax booked income before items related to the Kelway transaction and acquisition-related intangibles and amortization. The company expects to deliver full year cash flow within its target of 2.5% to 3% of net sales. The company expects its cash interest to be in the range of approximately $153 million to $155 million for the full year.
CDW Mulls Acquisitions
Nov 4 15
Ann Ziegler, Senior Vice President and Chief Financial Officer of CDW Corporation (NasdaqGS:CDW), said, "While we will continue to evaluate strategic opportunities our focus will be on creating a seamless customer experience for our US and UK customers for some time to come. So while strategic acquisitions remain a priority we do not anticipate any near-term acquisitions."
CDW Corporation Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 09:50 AM
Nov 2 15
CDW Corporation Presents at RBC Capital Markets Technology, Internet, Media & Telecom Conference, Nov-10-2015 09:50 AM. Venue: The Westin Times Square, New York, New York, United States. Speakers: Ann E. Ziegler, Chief Financial Officer and Senior Vice President.
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