CDW Shares Dip As Q3 Sales Miss Amid Weak Hardware Demand And Customer Delays
CDW Shares Dip As Q3 Sales Miss Amid Weak Hardware Demand And Customer Delays
Total Public segment net sales fell 5.1% to $2.336 billion due to a decline in net sales to Government and Education customers of 12.3% and 4.5%, respectively.CDW Corporation (NASDAQ:CDW) shares are trading lower after the company reported worse-than-expected third-quarter fiscal year 2024 financial results.
CDW公司（纳斯达克: cdw）股价下跌，公司报告2024财年第三季度财务业绩低于预期。
Net sales declined 2% year-over-year to $5.517 billion, missing the consensus of $5.719 billion.
净销售额同比下降2%，至55.17亿美元，低于57.19亿美元的共识。
Net sales from the Corporate segment declined 4.4% to $2.61 billion, and the Small Business segment decreased 1.2% to $380 million.
企业业务部门的净销售额下降4.4%，至26.1亿美元，小型企业部门下降1.2%，至38000万美元。
Total Public segment net sales fell 5.1% to $2.336 billion due to a decline in net sales to Government and Education customers of 12.3% and 4.5%, respectively.
由于政府和教育客户的净销售分别下降12.3%和4.5%，总公共部门净销售额下降5.1%，至23.36亿美元。
Net sales for CDW's U.K. and Canadian operations rose 4.8% Y/Y to $640 million.
CDW的英国和加拿大业务净销售额同比增长4.8%，至64000万美元。
Average daily sales fell 3.5% Y/Y to $86.2 million. Gross margin remained flat at 21.8% in the quarter.
平均每日销售额同比下降3.5%，至8620万美元。毛利率在本季度保持在21.8%的水平。
The adjusted operating margin was 9.7% (vs. 9.9% a year ago) in the quarter. Adjusted EPS of $2.63 missed the consensus of $2.85.
本季度调整后的营业利润率为9.7%（去年为9.9%）。每股调整后收益为2.63美元，低于共识的2.85美元。
CDW held $946.7 million in cash and equivalents as of September.
截至九月，CDW持有94670万美元的现金和等价物。
Dividend Raised: CDW declared a quarterly cash dividend per share of $0.625, up 1% over last year's dividend, payable on Dec. 10, 2024 to all stockholders of record as of Nov. 25, 2024.
红利上调：CDW宣布每股现金股息为0.625美元，较去年的股息提高1%，将于2024年12月10日支付给所有截至2024年11月25日持股记录的股东。
CFO Albert J. Miralles blamed project delays on "economic uncertainty" and a complex technology landscape.
CFO Albert J. Miralles将项目延迟归咎于"经济不确定性"和复杂的技术格局。
Investors can gain exposure to the stock via Argent Mid Cap ETF (NASDAQ:AMID) and Professionally Managed Portfolios Congress SMid Growth ETF (NYSE:CSMD).
投资者可以通过Argent Mid Cap ETF（纳斯达克：AMID）和专业管理投资组合国会SMid Growth ETF（纽交所：CSMD）获得该股的曝光。
Price Action: CDW shares are down 9.99% at $197.93 at the last check Wednesday.
价格走势：CDW股价在周三最新核查时下跌了9.99%，报197.93美元。
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