CDW (NASDAQ: CDW) reported Q3 EPS of $1.83, $0.32 better than the analyst estimate of $1.51. Revenue for the quarter came in at $4.76 billion versus the consensus estimate of $4.58 billion.

“Our third quarter results demonstrated the balance and strength of our business model, and reinforced our confidence in, and commitment to, our strategy,” said Christine A. Leahy, chief executive officer, CDW. “I am extremely proud of the resilient performance of our coworkers, who successfully served our diverse customer end-markets with our broad and evolving portfolio of technology products, solutions and services, amidst macro challenges. Given our performance and confidence, we are increasing the dividend, resuming share repurchases, and continuing to invest in our growth strategy,” added Leahy.

“Our balance sheet, liquidity position and our cash flow generation capability remain strong,” said Collin B. Kebo, chief financial officer, CDW. “After investing in the business, our capital allocation priorities remain the dividend, managing leverage to our target ratio, making strategic acquisitions, and share repurchases.”

“The duration and varying potential implications of COVID-19 on our more than 250,000 customers remain uncertain and unknowable. However, we will remain laser-focused on meeting our customers’ needs, while being the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve and becomes increasingly essential and more complex,” noted Leahy.

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