CDW (CDW) Tops Q4 EPS by 9c, Revenues Beat

CDW (NASDAQ: CDW) reported Q4 EPS of $1.57, $0.09 better than the analyst estimate of $1.48. Revenue for the quarter came in at $4.54 billion versus the consensus estimate of $4.4 billion.

"We delivered excellent topline growth and profitability in the quarter and for the full year while continuing to invest in the future and deliver shareholder value," said Christine A. Leahy, chief executive officer, CDW. "These results reinforce the strength of our strategy and power of our business model - underpinned by our balance across customer end markets, the breadth of our product and solutions portfolio and the ongoing execution of our strategy for growth."

"Excellent operating results were amplified by share repurchases, delivering an 18 percent increase in Non-GAAP net income per diluted share for 2019," said Collin B. Kebo, chief financial officer, CDW. "Our performance drove strong free cash flow and enabled us to return $840 million to our shareholders in 2019 through share repurchases and dividends."

"For 2020, we expect to continue to outpace US IT market growth by 200 to 300 basis points on a constant currency basis. To accomplish this, we will continue our laser-focus on meeting the needs of our more than 250,000 customers in the United States, the United Kingdom and Canada and remaining the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve," concluded Leahy.

For earnings history and earnings-related data on CDW (CDW) click here.

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