CDW said Corporate segment net sales decreased $124 million (1.4%) and Public segment net sales decreased $148 million (1.8%) in 2024. Small Business segment net sales also decreased $33 million (2.1%).

10-KAnnual reportFiled Feb 21, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 10, 2026

Key points

AI summary

CDW said Corporate segment net sales decreased $124 million (1.4%) and Public segment net sales decreased $148 million (1.8%) in 2024. Small Business segment net sales also decreased $33 million (2.1%).
The company said Corporate segment operating income increased $33 million (3.9%) in 2024, citing lower performance-based compensation and lower payroll expenses as factors. Operating income in Other decreased $30 million (21.1%).
CDW said it issued 5.100% Senior Notes due 2030 in the aggregate principal amount of $600 million and 5.550% Senior Notes due 2034 in the aggregate principal amount of $600 million in Q3 2024, and redeemed the remaining outstanding 5.500% Senior Notes due 2024 at par for $184 million in Q4. As of December 31, 2024, total unsecured indebtedness was $5.8 billion.
The company said it repurchased 2.4 million shares of common stock for $500 million under the previously announced share repurchase program in 2024. On February 5, 2025, the Board of Directors declared a quarterly cash dividend on common stock of $0.625 per share.

Key figures

Fiscal year ended December 31, 2024

Revenue: $21.0B
Operating income: $1.7B
Net income: $1.1B
EPS: $7.97
Gross profit: $4.6B
Operating cash flow: $1.3B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Year-over-year segment net sales changes

CDW said Corporate segment net sales decreased $124 million (1.4%) and Public segment net sales decreased $148 million (1.8%) in 2024. Small Business segment net sales also decreased $33 million (2.1%).

Source · Based on the MD&A text of the filing

Segment operating income drivers

The company said Corporate segment operating income increased $33 million (3.9%) in 2024, citing lower performance-based compensation and lower payroll expenses as factors. Operating income in Other decreased $30 million (21.1%).

Source · Based on the MD&A text of the filing

Senior Notes issuance and debt redemption

CDW said it issued 5.100% Senior Notes due 2030 in the aggregate principal amount of $600 million and 5.550% Senior Notes due 2034 in the aggregate principal amount of $600 million in Q3 2024, and redeemed the remaining outstanding 5.500% Senior Notes due 2024 at par for $184 million in Q4. As of December 31, 2024, total unsecured indebtedness was $5.8 billion.

Source · Based on the MD&A text of the filing

Share repurchase and dividend declaration

The company said it repurchased 2.4 million shares of common stock for $500 million under the previously announced share repurchase program in 2024. On February 5, 2025, the Board of Directors declared a quarterly cash dividend on common stock of $0.625 per share.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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