CDW - Why Electronic Equipment Company CDW Shares Are Up Today | Benzinga
CDW Corp (NASDAQ:CDW) shares are trading higher after the company reported fourth-quarter FY23 results.
Net sales declined 7.7% Y/Y to $5.02 billion, missing the consensus of $5.32 billion. Net sales from the Total Corporate segment declined 8.0% Y/Y to $2.29 billion, and the Total Small Business segment decreased 12.7% Y/Y to $370 million.
Total Public segment net sales fell 4.1% Y/Y to $1.78 billion due to a decline in net sales to Education and Healthcare customers by 11.7% Y/Y.
Net sales for CDW’s U.K. and Canadian operations, combined as “Other” for financial reporting purposes, fell 13.6% Y/Y to $587 ...