CDW Corporation (CDW)

CDW's stock experienced several notable events in the past six months. The company reported strong first-quarter 2025 results, exceeding earnings per share (EPS) and revenue forecasts, leading to a 0.92% increase in the stock price in pre-market trading. The company surpassed Q2 2025 earnings and revenue expectations, with its stock price rising by 2.88% in pre-market trading. CDW reported a slight decline in full-year 2024 earnings and net sales, down 1.8% from 2023. CDW's Q4 2024 results showed a return to year-over-year revenue growth, particularly in hardware sales. CDW announced the retirement of Sona Chawla, Chief Growth and Innovation Officer, and an expanded role for Mukesh Kumar, Chief Services and Solutions Officer. Over the last six months, the stock price has seen a decline of 0.59%, and over the past 12 months, it has fallen by 27.59%.

While explicit statements on overall demand seasonality are not readily available, there are indications of cyclical patterns in certain segments. Sales to government and education customers were softer due to budget timing issues, suggesting some seasonality in public sector spending. The Q2 2025 earnings call mentioned seasonally greater profit dollars, implying that certain periods of the year typically yield higher profits for the company. CDW's diversified portfolio across various customer segments helps to balance out potential seasonal fluctuations in any single sector.

CDW Corporation is a leading multi-brand provider of IT solutions, serving business, government, education, and healthcare sectors. Its core business involves offering IT products and services, including hardware and software. The company provides integrated IT solutions encompassing security, cloud, hybrid infrastructure, and digital experience. CDW partners with numerous technology vendors and operates through segments: Corporate, Small Business, Public, and Other.

CDW is headquartered in Vernon Hills, Illinois, USA, and primarily operates in the United States, the United Kingdom, and Canada. The United States accounts for the majority of its revenue. CDW also has an international presence with offices and operations in Europe, Ireland, the Middle East, Africa, Asia Pacific, and India, delivering services to over 170 countries worldwide. CDW maintains numerous regional offices across the US and strategically located distribution centers in Vernon Hills, Illinois, and North Las Vegas, Nevada.

CDW's brand reputation is generally positive, particularly in its service offerings. Frost & Sullivan recognized CDW with the 2021 Global Customer Value Leadership Award for its digital transformation services. CDW Corporation is ranked #315 in Tech Brands and #956 in Global Best Brands. Its overall NPS is 21, with 52% promoters. Customer loyalty is rated at 71%, product quality at 3.5/5, and pricing and customer service both at 3.8/5. However, there have been some concerns raised within the past year regarding the quality of CDW's professional services. CDW continues to highlight its customer-centric approach and investments in areas like AI and automation to improve customer experience. CDW UK & International demonstrated its commitment to sustainability by refreshing its device estate with carbon-neutral computing services.

Institutional investors hold a significant portion of CDW Corporation's shares, collectively owning approximately 77% to 79.82% of the company. The top institutional owners include Vanguard Group Inc, BlackRock, Inc., State Street Corp, Morgan Stanley, and Select Equity Group, L.P. The top 10 institutional investors collectively own 44% of CDW, with Vanguard Group Inc, BlackRock, Inc., and State Street Corp holding about 26% of the company. Individual investors and insiders own approximately 23% of the company.