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CDW Q2 FY19

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Reported 7/31/19 Pre-Market

7/31/19 price change: +4.03%

Ticker: NASDAQ:CDW

Shares Outstanding: 149.34M

Market Cap: $16.962B

Income Statement

  • Q2 Revenue up 60% YoY from $4.186B to $4.630B
    • Corporate Revenue up 7% from $1.734B to $1.884B
    • Small Business Revenue up 5% from $329.5M to $377.4M
    • Public Revenue up 5% from $1.635B to $1.840B
  • Gross Profit up 24% YoY from $695.6M to $773.8M
    • Gross Profit Margin up 9bp YoY from 62% to 16.71%
  • Operating Income up 11% YoY from $265.5M to $300.3M
  • Net Income up 64% YoY from $173.0M to $196.6M
  • Fully diluted Q2 EPS up 75% YoY from $1.12 to $1.33

Balance Sheet

  • Cash $194.5M
  • Debt $3.278B
CDW Corp.
Jun-19 Mar-19 Dec-18 Sep-18 Jun-18 Mar-18
Valuation Ratios
Price / Earnings 25.74 21.95 19.36 20.26 20.08 18.6
Price / Book Value 18.64 15.2 12.28 11.56 11.45 10.71
Dividend Yield (%) 1.04 1.05 1.14 0.94 0.98 1.05
Enterprise Value / EBIT 18.46 17.55 15.6 17.38 16.87 15.79
Enterprise Value / EBITDA 15.88 13.93 12.29 13.65 13.15 12.22
Enterprise Value / Sales 1.13 1.07 0.95 1.05 1.01 0.92

Source: Factset