CDW rises on strong fourth quarter results

CDW

05/02/2025 13:21

** IT solutions provider CDW's  CDW.O  shares rise 4.9% to
$209 in premarket trading
    ** Co reported Q4 net sales of $5.19 bln, beating analysts'
estimates of $4.93 bln - LSEG
    ** On an adjusted basis, co earned $2.48 per share, compared
with estimates of $2.32 per share
    ** CDW benefited from growing demand for its IT solutions,
as small- and medium-sized businesses continue to spend on the
company's services
    ** In Q4, the gross profit margin was 22.3%, compared with
23% a year ago
    ** CDW also announced a $750-million increase to its share
repurchase authorization and a quarterly cash dividend of $0.625
per share
    ** In 2024, the shares of the company fell 53.3%

 (Reporting by Kritika Lamba in Bengaluru)
 ((Kritika.Lamba@thomsonreuters.com))