CDW Misses Q2 Estimates Amid Challenging IT Spending Environment
CDW Misses Q2 Estimates Amid Challenging IT Spending Environment
CDW Corporation (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected second-quarter FY24 financial results.
CDW Corporation (纳斯达克代码：cdw)因报告第二财季FY24财报表现劣于预期而股价下跌。
Net sales declined 3.6% Y/Y to $5.423 billion, marginally missing the consensus of $5.425 billion.
净销售额同比下降3.6%至54.23亿美元，略低于预期的54.25亿美元。
The company said that economic uncertainty and a complex technology environment have led customers to adopt a more cautious approach to technology spending, resulting in decreased net sales.
公司表示，经济不确定性和复杂的技术环境导致客户采用更加谨慎的技术支出方法，导致净销售额下降。
Net sales from the Corporate segment declined 2.2% Y/Y to $2.195 billion, and the Small Business segment decreased 3.4% Y/Y to $383 million.
企业板块净销售额同比下降2.2%至21.95亿美元，中小企业板块同比下降3.4%至3830万美元。
Total Public segment net sales fell 2.3% Y/Y to $2.24 billion due to a decline in net sales to Government and Education customers of 6.2% and 0.9% Y/Y, respectively.
公共板块总体净销售额同比下降2.3%至22.4亿美元，原因是政府和教育客户的净销售额同比分别下降6.2%和0.9%。
Net sales for CDW's U.K. and Canadian operations, combined as "Other" for financial reporting purposes, fell 12.7% Y/Y to $602 million.
CDW英国和加拿大业务在财务报告中合称为“其他”，净销售额同比下降12.7%至6020万美元。
Average daily sales fell 3.6% Y/Y to $84.7 million. Gross margin increased to 21.8% from 21.0% a year ago, driven by a higher share of netted-down revenue, primarily from software as a service.
平均每日销售额同比下降3.6%至8470万美元。毛利率从一年前的21.0%上升至21.8%，受净消耗软件服务收入所占比重的提高推动。
The adjusted operating margin was 9.4% flat Y/Y in the quarter. Adjusted EPS of $2.50 missed the consensus of $2.53.
该季度调整后的营业利润率为9.4%，与去年持平。调整后的每股收益为2.50美元，低于预期的2.53美元。
CDW held $665.3 million in cash and equivalents as of June-end.
截至6月底，CDW持有66530万美元的现金及等价物。
Dividend: CDW declared a quarterly cash dividend per share of $0.62, payable on September 10 to all stockholders of record as of August 26.
股息：CDW宣布每股股息0.62美元，于9月10日支付，所有股东均可按8月26日持股纪录获得。
Albert J. Miralles, chief financial officer, said, "Customers continue to turn to CDW to address their mission-critical IT and operational needs across the full IT solutions stack and lifecycle. We remain well-positioned to attain our target of exceeding US IT market growth by 200 to 300 basis points on a constant currency basis."
首席财务官Albert J. Miralles表示：“客户继续寻求CDW解决其在整个IT解决方案堆栈和生命周期中的任务关键性IT和运营需求。我们保持良好的位置，以在恒定货币基础上超过美国IT市场增长200-300个基点的目标。”
"To achieve this, we remain laser focused on meeting the needs of our more than 250,000 customers around the globe and remaining the partner of choice for more than 1,000 leading and emerging technology brands as the IT market continues to evolve."
“为了实现这一目标，我们继续专注于满足全球25万多个客户的需求，成为1000多个领先和新兴技术品牌的首选合作伙伴，随着行业的不断发展，我们将继续走在最前沿。”
CDW stock gained over 17% in the last 12 months. Investors can gain exposure to the stock via SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) and WBI BullBear Quality 3000 ETF (NYSE:WBIL).
CDW股票在过去12个月中涨幅超过17%。投资者可以通过SMI 3Fourteen Full-Cycle Trend CTF（NASDAQ：FCTE）和wbi large cap tactical select shares（纽交所代码：WBIL）获得该股票。
Price Action: CDW shares are down 5.73% at $219.15 at the last check Wednesday.
截至最后检查时间，CDW股价下跌5.73%，为219.15美元。
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