AI English summary of an SEC filing — figures as filed
CDW CDWCDW said net sales for the 3 months ended March 31, 2025 increased $326 million, or 6.7%, with higher net sales across all operating segments. Gross profit increased $59 million, or 5.5%, but gross profit margin declined 20 basis points.
Key points
AI summaryCDW said net sales for the 3 months ended March 31, 2025 increased $326 million, or 6.7%, with higher net sales across all operating segments. Gross profit increased $59 million, or 5.5%, but gross profit margin declined 20 basis points.
The company said operating income for the 3 months ended March 31, 2025 was $361 million, an increase of 10.2% from $328 million in the prior-year period. The effective income tax rate was 26.0%, compared to 21.9% in the prior-year period, and CDW cited lower excess tax benefits on equity-based compensation as a factor.
CDW said net cash provided by operating activities for the 3 months ended March 31, 2025 decreased $153 million from the prior-year period. The company said the impact from accounts receivable and merchandise inventory was significant, partially offset by accounts payable-trade.
The company said it repurchased 1.1 million shares of common stock for $200 million during the 3 months ended March 31, 2025. CDW also disclosed that on May 7, 2025 its Board of Directors declared a quarterly cash dividend of $0.625 per share.
Key figures
Quarter ended March 31, 2025
- Revenue
- $5.2B
- Operating income
- $361M
- Net income
- $225M
- EPS
- $1.69
- Gross profit
- $1.1B
- Operating cash flow
- $287M
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2025 Net Sales Up 6.7%, Gross Profit Margin Down 20 basis points
CDW said net sales for the 3 months ended March 31, 2025 increased $326 million, or 6.7%, with higher net sales across all operating segments. Gross profit increased $59 million, or 5.5%, but gross profit margin declined 20 basis points.
Source · Based on the MD&A text of the filing
Operating Income $361 million, Effective Tax Rate 26.0%
The company said operating income for the 3 months ended March 31, 2025 was $361 million, an increase of 10.2% from $328 million in the prior-year period. The effective income tax rate was 26.0%, compared to 21.9% in the prior-year period, and CDW cited lower excess tax benefits on equity-based compensation as a factor.
Source · Based on the MD&A text of the filing
Operating Cash Flow Down $153 million
CDW said net cash provided by operating activities for the 3 months ended March 31, 2025 decreased $153 million from the prior-year period. The company said the impact from accounts receivable and merchandise inventory was significant, partially offset by accounts payable-trade.
Source · Based on the MD&A text of the filing
Share Repurchases $200 million, Quarterly Dividend $0.625
The company said it repurchased 1.1 million shares of common stock for $200 million during the 3 months ended March 31, 2025. CDW also disclosed that on May 7, 2025 its Board of Directors declared a quarterly cash dividend 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.
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