AI English summary of an SEC filing — figures as filed
CDW CDWCDW said net sales for the 3 months ended June 30, 2025 increased $553 million, or 10.2%, while operating income decreased $13 million, or 3.0%, to $420 million compared with $433 million in the prior-year period.
Key points
AI summaryCDW said net sales for the 3 months ended June 30, 2025 increased $553 million, or 10.2%, while operating income decreased $13 million, or 3.0%, to $420 million compared with $433 million in the prior-year period.
The company said gross profit for the 3 months increased $58 million, or 4.9%, but gross profit margin declined 100 basis points. Selling and administrative expenses increased $71 million, or 9.5%, which the company cited as due to higher performance-based compensation, among other factors.
CDW said net cash provided by operating activities for the 6 months decreased $147 million compared with the prior-year period. The company said the decrease in accounts receivable and merchandise inventory were contributing factors, partially offset by changes in accounts payable-trade and other items.
The company repurchased 2.0 million shares for $350 million during the 6 months and repaid the remaining principal amount of $211 million on its 4.125% Senior Notes due 2025 at maturity on Q2. As of June 30, unsecured indebtedness totaled $5.6 billion.
Key figures
Quarter ended June 30, 2025
- Revenue
- $6.0B
- Operating income
- $420M
- Net income
- $271M
- EPS
- $2.05
- Gross profit
- $1.2B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis 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.
Q2 Net Sales Up $553 million, Operating Income $420 million
CDW said net sales for the 3 months ended June 30, 2025 increased $553 million, or 10.2%, while operating income decreased $13 million, or 3.0%, to $420 million compared with $433 million in the prior-year period.
Source · Based on the MD&A text of the filing
Gross Profit Margin Down 100 basis points, Selling and Administrative Expenses Up $71 million
The company said gross profit for the 3 months increased $58 million, or 4.9%, but gross profit margin declined 100 basis points. Selling and administrative expenses increased $71 million, or 9.5%, which the company cited as due to higher performance-based compensation, among other factors.
Source · Based on the MD&A text of the filing
Operating Cash Flow for 6 Months Down $147 million
CDW said net cash provided by operating activities for the 6 months decreased $147 million compared with the prior-year period. The company said the decrease in accounts receivable and merchandise inventory were contributing factors, partially offset by changes in accounts payable-trade and other items.
Source · Based on the MD&A text of the filing
Share Repurchases of $350 million in 6 Months, 2025 Notes Repaid $211 million
The company repurchased 2.0 million shares for $350 million during the 6 months and repaid the remaining principal amount of $211 million on its 4.125% Senior Notes due 2025 at maturity on Q2. As of June 30, unsecured indebtedness totaled $5.6 billion.
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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