CDW - CDW's Challenging Quarter: Missed Sales Targets Decline Across Key Segments | Benzinga
CDW Corp (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected fiscal first-quarter 2024 results.
Net sales declined 4.5% Y/Y to $4.87 billion, missing the consensus of $5.00 billion.
Adjusted EPS of $1.92 missed the consensus of $2.15.
Net sales from the Total Corporate segment declined 3.1% Y/Y to $2.14 billion, and the Total Small Business segment decreased 7.4% Y/Y to $381 million.
Total Public segment net sales fell 4.9% Y/Y to $1.73 billion due to a decline in net sales to Education customers by 10.4% Y/Y.
Net sales for CDW's U.K. and ...