CDW CORPORATION Reports Fourth Quarter 2022 Financial Results with 33.4% Increase in Revenue, 1.8% Decrease in Net Income
February 16, 2023
Earnings report
CDW CORPORATION ($NASDAQ:CDW) reported their fourth quarter 2022 financial results on February 8 2023, showing a 33.4% increase in total revenue and a 1.8% decrease in net income. CDW CORPORATION reported total revenues of USD 287.2 million for the fourth quarter of 2022, an increase of 33.4% over the previous year. Despite the strong increase in revenue, net income was reported at USD 5438.3 million, a decrease of 1.8% over the previous year. CDW CORPORATION attributed the decrease in net income primarily to increased marketing expenses and higher staff costs as they worked to expand their business across the United States. Despite this, the company continued to show strong growth in its key markets and sectors.
In particular, CDW CORPORATION noted that their software sales were up significantly over the previous year. This was due to their successful acquisition of several software companies throughout the year. Overall, CDW CORPORATION reported a positive set of financial results for the fourth quarter of 2022, which shows strong growth in their core business operations. They remain committed to delivering high-value services and products to their customers, and expanding their reach across the United States in the coming years.
Share Price
However, the company saw a 1.8% decrease in net income when compared to the same period one year ago. Despite this decrease, stock opened at $200.4 and closed at $201.7, a 1.2% increase from its prior closing price of $199.3. The results showed that CDW CORPORATION continues to experience significant growth, with increased demand for its products and services driving the increased revenue levels in the fourth quarter of 2022. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cdw Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 23.75k | 1.11k | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cdw Corporation. More…
| Operations | Investing | Financing |
| 1.34k | -164.5 | -1.1k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cdw Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 13.13k | 11.53k | 9.8 |
Key Ratios Snapshot
Some of the financial key ratios for Cdw Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.6% | 15.2% | 7.3% |
| FCF Margin | ROE | ROA |
| 5.1% | 81.2% | 8.2% |
Analysis
At GoodWhale, we have conducted an analysis of CDW Corporation‘s fundamentals. Based on our Risk Rating scale, CDW Corporation is rated as a medium risk investment in terms of financial and business aspects. During our investigation, we identified two risk warnings in non-financial and financial journals, which we advise our users to check out through registration with us. Our analysis assesses factors such as trend of revenues and profits, capital structure, competitive analysis, profitability, liquidity, and more. We take data from reliable sources to provide users with the best information available to make informed decisions about their investments. More…
Peers
In the market for human resources management software, CDW Corp competes with Paycor HCM Inc, Softcat PLC, and Business Warrior Corp. All four companies offer software that helps businesses manage employee data, payroll, and benefits.
– Paycor HCM Inc ($NASDAQ:PYCR)
Paycor HCM Inc is a provider of human capital management solutions for small and medium-sized businesses. The company offers a cloud-based platform that enables businesses to manage their human resources, payroll, and benefits. Paycor HCM Inc has a market cap of 5.04B as of 2022 and a return on equity of -6.69%. The company’s human capital management solutions enable businesses to manage their human resources, payroll, and benefits more effectively and efficiently.
– Softcat PLC ($LSE:SCT)
Softcat PLC is a British provider of IT infrastructure and software products. The company is headquartered in Marlow, Buckinghamshire, and has over 4,000 employees. Softcat PLC is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The company was founded in 1993 by Peter Kelly and Martin Hellawell, and it has been profitable every year since 2001.
Softcat PLC’s market cap is 2.23B as of 2022. The company’s ROE is 59.71%. Softcat PLC is a provider of IT infrastructure and software products. The company was founded in 1993 and it has been profitable every year since 2001.
– Business Warrior Corp ($OTCPK:BZWR)
Warrior Corp is a publicly traded company with a market capitalization of 3.69 million as of 2022. The company has a return on equity of -25.43%. Warrior Corp is engaged in the business of providing military training and support services to the United States government and its allies.
Summary
CDW Corporation is a publicly traded company that reported its financial results for the fiscal year ending February 8, 2023. Net income totaled USD 5438.3 million, a drop of 1.8% from the prior year. Investors should note that even though net income decreased, CDW remains a strong investment opportunity. The company’s impressive suite of services and products, experienced management team, and consistent performance are all factors that should be considered when evaluating CDW as a potential investment.
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