IT Company CDW Q4 Earnings: Sales Climb, AI Focus, Stock Buyback Boost & More

CDW Corporation (NASDAQ:CDW) shares are trading higher after the company reported better-than-expected fourth-quarter results.

Net sales rose 3.3% year-over-year to $5.186 billion, beating the consensus of $4.954 billion. Net sales from the Corporate segment increased 4.2% Y/Y to $2.35 billion, and the Small Business segment increased 4.4% Y/Y to $380 million.

Public segment net sales rose 6.1% Y/Y to $1.854 billion, led by higher net sales to Healthcare customers of 29.5% in the quarter. Net sales for CDW’s U.K. and Canadian operations rose 5.1% Y/Y to $607 million.

Average daily sales surged 5.0% Y/Y to $83.6 million. Gross margin contracted to 22.3% from 23.0% in the quarter.

The adjusted operating margin was 9.6% vs. 10.3% a year ago. Adjusted EPS of $2.48 beat the 

Full story available on Benzinga.com