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CDW Corp [CDW] reports annual net loss of $1.1 billion
Company Reports Revenue of $21.4 billion
By USInMinutes
Published - Mar 07, 2024, 04:22 AM ET
Last Updated - Mar 07, 2024, 04:22 AM EST
CDW Corp [CDW] has reported a net loss of $1.1 billion for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $21.4 billion
Based in VERNON HILLS, Illinois, CDW Corp operates in the RETAIL sector.
In the fiscal year ended December 31, 2023, the company reported net sales of $21.38 billion, a decrease from the previous year's figure of $23.75 billion in 2022 and an increase from $20.82 billion in 2021.
Cost of sales amounted to $16.72 billion in 2023, lower than the $19.06 billion reported in 2022 and $17.25 billion in 2021. This resulted in a gross profit of $4.65 billion in 2023, compared to $4.69 billion in 2022 and $3.57 billion in 2021.
