CDW Reports Q2

CDW announced record quarterly sales, gross profit, operating income, net income and diluted earnings per share in the second quarter of 2007

July 24, 2007

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

  • Sales: $2.033 billion, up 24.4% year-over-year

  • Average daily sales: $31.763 million, up 24.4% year-over-year

  • Gross profit: $328.0 million, up 24.2 % year-over-year

  • Operating income: $123.7 million, up 14.7% year-over-year (includes merger-related costs)

  • Net income: $80.1 million, up 9.5% year-over-year (includes merger-related costs)

  • Diluted earnings per share: $0.99, up 8.8% year-over-year (includes merger-related costs)

  • Non-GAAP diluted earnings per share: $1.05, up 15.4% year-over-year (excludes merger-related costs)

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

Total sales in the second quarter of 2007 were $2.033 billion compared to $1.633 billion in the second quarter of 2006, an increase of 24.4 percent. Average daily sales in the second quarter of 2007 were $31.763 million compared to $25.523 million in the second quarter of 2006, representing a 24.4 percent increase. There were 64 billing days in both the second quarter of 2007 and the second quarter of 2006.CDW Corp.

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