CDW Corp Files 8-K on Financial Condition, Other Events

Ticker: CDW · Form: 8-K · Filed: Feb 7, 2024 · CIK: 1402057

Complexity: simple

Sentiment: neutral

Topics: financial-condition, corporate-update, 8-K

TL;DR

**CDW just dropped an 8-K about its financials, get ready for potential stock movement.**

AI Summary

CDW Corporation filed an 8-K on February 7, 2024, to report on its 'Results of Operations and Financial Condition' and 'Other Events.' This filing indicates that CDW is providing updated financial information, likely related to its recent performance or upcoming earnings. For investors, this matters because it signals that new financial data is available, which could impact the stock's valuation and future outlook, potentially leading to price movements based on the disclosed results.

Why It Matters

This filing indicates CDW is releasing new financial information, which is crucial for investors to assess the company's health and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: medium — The filing itself is administrative, but the underlying financial information it references could contain significant positive or negative news, creating medium risk for investors.

Analyst Insight

A smart investor would seek out the full details of the 'Results of Operations and Financial Condition' mentioned in this 8-K to understand the specific financial performance and its implications before making any trading decisions.

Key Numbers

Key Players & Entities

Forward-Looking Statements

FAQ

What is the primary purpose of CDW Corporation's 8-K filing dated February 7, 2024?

The primary purpose of CDW Corporation's 8-K filing dated February 7, 2024, is to report on 'Results of Operations and Financial Condition' and 'Other Events,' indicating the disclosure of new financial information or significant corporate developments.

Where are CDW Corporation's principal executive offices located, according to the filing?

According to the filing, CDW Corporation's principal executive offices are located at 200 N. Milwaukee Avenue, Vernon Hills, Illinois 60061.

What is the trading symbol for CDW Corporation's common stock and on which exchange is it registered?

The trading symbol for CDW Corporation's common stock is CDW, and it is registered on the Nasdaq Global Select Market.

What is CDW Corporation's state of incorporation?

CDW Corporation's state of incorporation is Delaware, as stated in the filing.

What is the earliest event reported date for this 8-K filing?

The earliest event reported date for this 8-K filing is February 7, 2024.

Filing Stats: 803 words · 3 min read · ~3 pages · Grade level 10.3 · Accepted 2024-02-07 07:04:35

Key Financial Figures

Filing Documents

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. CDW Corporation (the "Company") is furnishing under cover of this Current Report on Form 8-K a copy of its press release dated February 7, 2024 announcing its fourth quarter and full year 2023 financial results. The press release is attached to this report as Exhibit 99.1 and incorporated herein by reference. The Company is furnishing this information in connection with its previously announced webcast conference call to be held on February 7, 2024 at 8:30 a.m. ET / 7:30 a.m. CT to discuss these results. The information contained under Item 2.02 of this Current Report on Form 8-K (including Exhibit 99.1) is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01. Other Events

Item 8.01. Other Events. Quarterly Cash Dividend On February 7, 2024, the Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.62 per common share to be paid on March 12, 2024 to all stockholders of record as of the close of business on February 26, 2024. A copy of the press release announcing the declaration of the quarterly cash dividend is attached to this report as Exhibit 99.2 and incorporated herein by reference. Share Repurchase Program The Company's Board of Directors authorized a $750 million increase to the Company's share repurchase program under which the Company may repurchase shares of its common stock in the open market or through privately negotiated or other transactions, depending on share price, market conditions and other factors. The increase to the share repurchase program is effective immediately and is incremental to the $338 million unused in the repurchase program as of December 31, 2023. The Company intends to conduct any open market share repurchases in compliance with the safe harbor provisions of Rule 10b-18 of the Exchange Act. The share repurchase program does not obligate the Company to repurchase any dollar amount or number of its shares, and repurchases may be commenced or suspended from time to time without prior notice.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. Exhibit No. Description 99.1 Press release dated February 7 , 202 4 , announcing fourth quarter and full year 202 3 financial results. 99.2 Press release dated February 7 , 202 4 , announcing share repurchase program increase and dividend declaration. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CDW CORPORATION Date: February 7, 2024 By: /s/ Albert J. Miralles Albert J. Miralles Senior Vice President and Chief Financial Officer

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