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BXE — CDW Holding News Story

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CDW Holding half-year revenue falls 35%, net loss widens

CDW Holding half-year revenue falls 35%, net loss widens


Overview

  • Electronics components supplier's half-year revenue fell 35% yr/yr

  • Company posted net loss of $3.4 mln for the period

  • Gross profit declined sharply yr/yr


Outlook

  • Company did not provide specific financial outlook


Result Drivers

  • REVENUE DECLINE - Revenue fell 35% yr/yr on lower revenue from the OEM and BLU businesses

  • HIGHER ADMINISTRATIVE EXPENSES - Administrative expenses rose 4.5% yr/yr, contributing to operating loss

  • LOWER GROSS PROFIT - Gross profit dropped 39% yr/yr amid falling sales


Company press release: ID:nSN7Kz14P


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

H1 Revenue

$28.15 mln

H1 Net Loss

$3.38 mln


Analyst Coverage

  • The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago


Reuters Recommended Reads

  • Aug 13 - Singapore's InnoTek H1 revenue falls on weak OA, TV/Display demand

  • Aug 13 - Hong Kong's Ju Teng H1 loss widens as PC makers cut orders due to high memory prices

  • Aug 12 - Kimball Electronics Q4 revenue slightly misses estimates


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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