CDW Full Year 2023 Earnings: Revenues Disappoint
CDW (NASDAQ:CDW) Full Year 2023 Results
Key Financial Results
Revenue: US$21.4b (down 10.0% from FY 2022).
Net income: US$1.10b (flat on FY 2022).
Profit margin: 5.2% (up from 4.7% in FY 2022). The increase in margin was driven by lower expenses.
EPS: US$8.20 (down from US$8.24 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CDW Revenues Disappoint
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are up 6.0% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for CDW you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
