7.5% Growth in Diluted Earnings per Share Reflects CDW's Q2 Performance
CDW Corporation [CDW] reported a net income of $281.1 million for the second quarter of 2024, ending on June 30. This marks a 7.0% increase from the previous quarter's net income figure.
The company, headquartered in Vernon Hills, Illinois, reported to SEC in an 8-K filing $2.07 earnings per share in the quarter, compared to $1.92 in the previous quarter.
CDW Corporation, operating in the Information Technology Solutions sector, reported a net sales figure of $5,423.4 million. This represents a decrease of 3.6% compared to the net sales of the previous quarter.
In comparison to the same quarter in the previous year, CDW Corporation's net sales for the current quarter decreased by 3.6%. Additionally, the company saw a 7.0% increase in net income for the current quarter when compared to the same quarter in the previous year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|
Income Statement |
| Revenue | $4,872.7 | $21,376.0 | $5,628.3 | $5,626.1 |
| Operating Profit | $328.0 | | $478.4 | $412.2 |
| Net Income | $216.1 | $1,104.3 | $315.5 | $262.6 |
| Net Cash | $215.1 | $273.5 | $125.5 | -$111.3 |
| Gross Margin | $1,063.3 | $4,652.4 | $1,227.7 | $1,181.5 |
| Operating Margin | $0.0 | | $0.0 | $0.0 |
| Profit as % of Revenues | 492.04 | 21.76 | 389.13 | 21.00 |
| Profit as % of Assets | 2.39 | 8.36 | 3.41 | 2.01 |
| Profit as % of Stockholder Equity | 10.10 | 54.07 | 17.43 | 16.28 |
| Return on Equity | 10.10 | 54.07 | 17.43 | 16.28 |
| Return on Assets | 1.64 | 8.31 | 2.45 | 2.02 |
| Turnover Ratio | 53.94 | 1.62 | 60.83 | 0.43 |
| EBITA | $328.0 | | $478.4 | |
Balance Sheet |
| Total Assets | $13,192.8 | $13,284.6 | $12,875.3 | $12,985.9 |
| Total Liabilities | $11,054.1 | $11,242.1 | $11,065.3 | $11,372.7 |
Cash Flow Statement |
| Operating Cash Flow | $440.0 | $1,598.7 | $1,062.2 | $593.6 |
| Investing Cash Flow | -$29.7 | -$229.6 | -$195.9 | -$146.8 |
| Financing Cash Flow | -$192.6 | -$1,098.7 | -$739.7 | -$559.5 |
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