Published on 7 Feb 2024 on Zacks via Yahoo Finance
CDW's Q4 Earnings In line With Estimates, Revenues Down Y/Y
CDW Corporation CDW reported fourth-quarter 2023 non-GAAP earnings per share (EPS) of $2.57, which matched the Zacks Consensus Estimate. Also, the bottom line rose 2.8% year over year.
The company’s revenues decreased 7.7% year over year to $5.018 billion. Net sales decreased 8.1% at constant currency. The downtick was caused due to weakness across all business segments. Also, quarterly revenues failed to beat the consensus mark of $5.359 billion.
Separately, the company announced a quarterly dividend of 62 cents, which will be paid on Mar 12, 2024, to shareholders of record as of Feb 26, 2024. Also, the company’s board of directors has authorized a $750 million increase to the share repurchase program.