Recent Updates — CDW
CDW Corp filed an 8-K on September 14, 2026, announcing the entry into an underwriting agreement for a registered public offering of $1.5 billion in aggregate principal amount of senior notes. The Co-Issuers, CDW LLC and CDW Finance Corporation, with CDW Corp as guarantor, agreed to sell $600 million of 5.700% Senior Notes due 2029, $500 million of 6.100% Senior Notes due 2032, and $400 million of 6.350% Senior Notes due 2033 to underwriters including BofA Securities, J.P. Morgan, Mizuho, and Wells Fargo. The offering is expected to close on September 21, 2026, subject to customary conditions. CDW Corp operates in the technology distribution industry.
CDW Corporation announced that Albert J. Miralles, its Chief Financial Officer and Executive Vice President, intends to retire in March 2027 following an orderly transition. Mr. Miralles will remain in his current role until a successor is appointed, after which he will serve as Executive Advisor through March 31, 2028, focusing on growth strategy, investor relations, M&A, and leadership development. His base salary during the advisory period will be $60,000 annually with no cash incentive or long-term equity awards. CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers.
CDW Corporation reported second quarter 2026 financial results, posting net sales of $6.57 billion, a 10.0 percent increase from the prior year period. Gross profit rose 6.3 percent to $1.32 billion with a margin of 20.1 percent, while operating income increased 2.0 percent to $429 million. Net income per diluted share grew 5.1 percent to $2.15. Concurrently, the Board declared a quarterly cash dividend of $0.630 per common share, payable on September 10, 2026, to shareholders of record as of August 25, 2026. CDW Corporation is a leading multi-brand provider of information technology solutions to business, government, education, and healthcare customers.
CDW Corporation's 2026 Annual Meeting of Stockholders resulted in the approval of an amendment to the Certificate of Incorporation to permit stockholder action by written consent and the ratification of Ernst & Young LLP as the independent auditor. Shareholders also elected nine directors and approved executive compensation, while rejecting a proposal regarding independent board chair requirements.
CDW Corporation's Board of Directors has authorized a $1 billion increase to the company's share repurchase program. This authorization is incremental to the approximately $484 million that remained unused in the program as of March 31, 2026.
CDW Corporation announced its first quarter 2026 financial results and declared a quarterly cash dividend of $0.630 per common share. The dividend is scheduled to be paid on June 10, 2026, to stockholders of record as of the close of business on May 25, 2026.