CDW Corporation (CDW)

CDW Corp.'s stock price has been influenced by several key events in the past six months. The company's stock experienced a significant decline of approximately 40% since April 2024, underperforming the S&P 500 Index, largely attributed to a period of eight consecutive quarters of shrinking revenue in 2023 and 2024. In Q4 2024, CDW reported non-GAAP EPS of $2.48 and revenues of $5.186 billion, with shares rising by 11.5%. The Board authorized a $750 million increase to its share repurchase program and declared a quarterly cash dividend of $0.625 per common share. In Q1 2025, CDW announced an EPS of $2.15 and revenue of $5.2 billion, with the stock price rising by 0.92%. In Q2 2025, CDW reported an EPS of $2.60 and revenue of $5.98 billion, with the stock price initially rising but then slipping. A quarterly cash dividend of $0.625 per common share was declared on August 6, 2025.

Demand for CDW Corp.'s products and services can exhibit seasonality, particularly within certain customer segments and product categories. Education sales for CDW dropped by 10.9% in Q2 2025, as many schools shifted their orders into Q1 2025. The technology industry in general also experiences seasonality tied to major product releases, such as new iPhone models in September.

CDW Corp. is a multi-brand provider of IT solutions, serving business, government, education, and healthcare sectors. It operates within the IT Services sector, offering a product portfolio including desktops, servers, laptops, peripherals, software, telephony products, power solutions, and storage. CDW provides integrated IT solutions and services, including cloud capabilities, cybersecurity, hybrid infrastructure, and digital experience solutions.

CDW's primary operations are in the United States, the United Kingdom, and Canada, with its headquarters in Vernon Hills, Illinois. In fiscal year 2024, 87.9% of its revenue came from the United States, and 12.1% from non-U.S. operations. CDW has offices in other global regions, including Ireland, the Middle East, Africa, Asia Pacific, and India, providing solutions in over 150 countries.

CDW generally maintains a positive or neutral brand reputation. Chris Leahy, Chair & CEO of CDW, was named the 2025 International Executive of the Year by the Executives' Club of Chicago, and the CDW CTO emphasized "AI Fluency Is Paramount." The company's refreshed brand in 2023 aimed to better reflect its scope and scale, aligning with its culture and values. CDW is recognized for its customer-centric approach and strategic focus on high-growth areas like cloud and security.

CDW Corporation's ownership is predominantly held by institutional investors, who collectively own 77% of the company's shares. The top 10 institutional investors collectively own 44% of CDW. The top three institutional investors—Vanguard Group Inc., BlackRock, Inc., and State Street Corp—hold approximately 26% of the company. Retail investors and insiders own about 23% of the company.