CDW, a Fortune 500 company based in Vernon Hills, Illinois has reported Q2 earnings about a month after its successful IPO. The highlights of this earnings report, available on the company's website at www.cdw.com, include net sales up 7.5% Year-Over-Year; gross profit up 5.8% Year-Over-Year; and net income up an impressive 26.7% Year-Over-Year.
During the webcast conference call, which I listened to in its entirety, CEO Thomas E. Richards said "We are pleased to report another quarter of strong financial performance as we begin our next chapter as a publicly traded company. This quarter's performance demonstrates the power of our balanced portfolio of customers, products and technologies when combined with our focus on execution and profitable growth as we once again grew faster than U.S. IT market estimates and delivered solid profitability. We saw excellent momentum in sales to our largest customer channel, medium and large businesses, which increased 13 percent."
CDW is a leading provider of technology solutions to business, government, education and healthcare. Ranked No. 267 on the FORTUNE 500, CDW was founded in 1984 and employs more than 6,800 coworkers. For the trailing twelve months ended June 30, 2013, the company generated net sales of more than $10.4 billion. For more information, visit www.CDW.com.
Disclosure: I am long CDW. I wrote this article myself, and it expresses my own opinion. I am not receiving compensation for it and have no business relationship with CDW.
Disclosure: I am long CDW.