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（納斯達克: cdw）股價下跌，公司報告2024財年第三季度財務業績低於預期。
Net sales declined 2% year-over-year to $5.517 billion, missing the consensus of $5.719 billion.
淨銷售額同比下降2%，至55.17億美元，低於57.19億美元的共識。
Net sales from the Corporate segment declined 4.4% to $2.61 billion, and the Small Business segment decreased 1.2% to $380 million.
企業業務部門的淨銷售額下降4.4%，至26.1億美元，小型企業部門下降1.2%，至38000萬美元。
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.
由於政府和教育客戶的淨銷售分別下降12.3%和4.5%，總公共部門淨銷售額下降5.1%，至23.36億美元。
Net sales for CDW's U.K. and Canadian operations rose 4.8% Y/Y to $640 million.
CDW的英國和加拿大業務淨銷售額同比增長4.8%，至64000萬美元。
Average daily sales fell 3.5% Y/Y to $86.2 million. Gross margin remained flat at 21.8% in the quarter.
平均每日銷售額同比下降3.5%，至8620萬美元。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.
本季度調整後的營業利潤率爲9.7%（去年爲9.9%）。每股調整後收益爲2.63美元，低於共識的2.85美元。
CDW held $946.7 million in cash and equivalents as of September.
截至九月，CDW持有94670萬美元的現金和等價物。
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.
紅利上調：CDW宣佈每股現金股息爲0.625美元，較去年的股息提高1%，將於2024年12月10日支付給所有截至2024年11月25日持股記錄的股東。
CFO Albert J. Miralles blamed project delays on "economic uncertainty" and a complex technology landscape.
CFO Albert J. Miralles將項目延遲歸咎於"經濟不確定性"和複雜的技術格局。
Investors can gain exposure to the stock via Argent Mid Cap ETF (NASDAQ:AMID) and Professionally Managed Portfolios Congress SMid Growth ETF (NYSE:CSMD).
投資者可以通過Argent Mid Cap ETF（納斯達克：AMID）和專業管理投資組合國會SMid Growth ETF（紐交所：CSMD）獲得該股的曝光。
Price Action: CDW shares are down 9.99% at $197.93 at the last check Wednesday.
價格走勢：CDW股價在週三最新覈查時下跌了9.99%，報197.93美元。
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