CDW Reports Q1

CDW Corporation announced record quarterly sales, gross profit, and operating income in the first quarter of 2007

April 24, 2007

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VERNON HILLS, Ill. -- CDW Corporation (NASDAQ: CDWC):

  • Sales: $1.859 billion, up 17.0% year-over-year

  • Average daily sales: $29.049 million, up 17.0% year-over-year

  • Gross profit: $301.3 million, up 18.7% year-over-year

  • Operating income: $118.0 million, up 25.2% year-over-year

  • Net income: $76.8 million, up 24.5% year-over-year

  • Diluted earnings per share: $0.96, up 28.0% year-over-year

CDW Corporation (NASDAQ: CDWC) a leading provider of technology products and services to business, government and education, today announced record quarterly sales, gross profit and operating income in the first quarter of 2007. The Company previously announced March 2007 and first quarter of 2007 sales results.

Our strong results demonstrate the progress we are making to leverage our 2006 investments, which include the geographic realignment of medium and large customer accounts in the corporate sector and the acquisition of Berbee Information Networks,” said John A. Edwardson, chairman and chief executive officer. “Thanks to the determined efforts of our CDW coworkers, we grew approximately three times the market rate of growth and achieved solid profitability in all operating segments. While we are pleased with our record quarter, we remain focused on executing our growth strategies, leveraging our expanded infrastructure and finding innovative ways to continue to profitably take market share. Most importantly, our future success will be driven by our increasing ability to be a single source provider of IT products and services and continuing to provide an unmatched experience for our customers.”

CDW Corp.

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