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![CDW Corp [CDW] reports quarterly net loss of $216.1 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FCDW.png&w=1200&q=75)
CDW Corp [CDW] has reported a net loss of $216.1 million for quarter ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the quarter was $4.9 billion
Based in VERNON HILLS, Illinois, CDW Corp operates in the RETAIL sector.
In the financial report for the quarter ended March 31, 2024, compared to the same period in 2023, the following key financial figures were reported:
- Net sales for the current quarter were recorded at $4,872.7 million, showing a decrease from $5,103.1 million in the previous year.
- The cost of sales for the current quarter amounted to $3,809.4 million, down from $4,013.7 million in the same period last year.
- Gross profit for the quarter was $1,063.3 million, slightly lower than the $1,089.4 million reported in the previous year.
- Selling and administrative expenses in the current quarter were $735.3 million, slightly higher than the $734.1 million in the prior year.
- Operating income for the current quarter was $328.0 million, a decrease from $355.3 million in the same period last year.
Moreover, the reported net income for the quarter ended March 31, 2024, was $216.1 million, down from $230.1 million in the previous year. This resulted in a decrease in both basic and diluted earnings per share. The basic earnings per share were $1.61 in the current quarter compared to $1.70 in the prior year. Similarly, diluted earnings per share were $1.59 in the current quarter, down from $1.68 in the same period in 2023.
Furthermore, the weighted-average common shares outstanding for the current quarter were reported as 134.4 million for basic shares and 136.0 million for diluted shares. In comparison, the previous year had 135.6 million basic shares and 137.3 million diluted shares outstanding.
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