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CDW Corporation is a Fortune 500 company and a leading multi-brand provider of information technology (IT) solutions to a diverse range of customers, including small, medium, and large businesses, government, education, and healthcare sectors in the United States, United Kingdom, and Canada . The company's offerings span discrete hardware and software products to integrated IT solutions and services, which include on-premise and cloud capabilities across hybrid infrastructure, digital experience, and security . CDW is vendor, technology, and consumption model unbiased, providing a broad selection of products and multi-branded solutions .
- Hardware - Offers a wide range of physical IT products, including computers, networking equipment, and data storage solutions.
- Software - Provides various software products, including operating systems, productivity applications, and enterprise software solutions.
- Services - Delivers IT services that encompass consulting, implementation, and managed services to support customer IT environments.
- Corporate Segment - Serves US private sector businesses with more than 250 employees, offering tailored IT solutions and services.
- Public Segment - Caters to government agencies, education, and healthcare institutions, providing specialized IT solutions and services.
- Small Business Segment - Focuses on US businesses with up to 250 employees, delivering IT products and services suited to smaller enterprises.
- Other (UK and Canada Operations) - Includes operations in the UK and Canada, offering a similar range of IT solutions and services as in the US.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Christine A. Leahy ExecutiveBoard | Chair, President, and CEO | Board Member at Target Corporation, Northwestern Memorial Hospital, Junior Achievement of Chicago, Brightpoint, The Economic Club of Chicago, Corporate Leadership Center. | Joined CDW in 2002; became CEO in January 2019 and Chair in January 2023. Previously served as Chief Revenue Officer and Chief Legal Officer. | View Report → |
Albert J. Miralles Executive | SVP and Chief Financial Officer | None reported. | Joined CDW in September 2021. Previously served as EVP and CFO at CNA Financial Corporation. | |
Christina M. Corley Executive | President, International and Vice Chair | None reported. | Joined CDW in 2011; transitioned to current role in October 2024. Previously served as Chief Commercial and Operating Officer and Senior VP, Corporate Sales. | |
Frederick J. Kulevich Executive | SVP, General Counsel, Corporate Secretary, and Interim Chief People Officer | None reported. | Joined CDW in 2006; became General Counsel in 2017 and Interim Chief People Officer in November 2023. Previously served as VP and Deputy General Counsel. | |
Liz Connelly Executive | Chief Commercial Officer | None reported. | Joined CDW in 2018. Recently promoted to CCO, overseeing U.S. sales, sales enablement, integrated technology solutions, and digital velocity. | |
Anthony R. Foxx Board | Independent Director | Board Member at Martin Marietta Materials, Inc., NXP Semiconductors N.V.; Advisory Board Member at AutoTech Ventures; Director at The Volcker Alliance. | Joined CDW's Board in 2021. Former U.S. Secretary of Transportation and Chief Policy Officer at Lyft. | |
David W. Nelms Board | Lead Independent Director | Executive Board Member at University of Florida Foundation, Board Member at Conserving Carolina and JDRF T1D Fund. | Joined CDW's Board in 2014; became Lead Independent Director in January 2023. Former CEO of Discover Financial Services. | |
Donna F. Zarcone Board | Independent Director | Board Member at Cigna Corporation, Duchossois Capital Management, Quinnox Inc.; Advisory Board Member at The University of Chicago Polsky Center; National Board Member at Smithsonian Institution. | Joined CDW's Board in 2011. Former CEO of The Economic Club of Chicago and Harley-Davidson Financial Services. | |
James A. Bell Board | Independent Director | Board Member at Apple Inc.. | Joined CDW's Board in 2015. Retired EVP, Corporate President, and CFO of Boeing. | |
Joseph R. Swedish Board | Independent Director | Board Member at IBM Corporation, Mesoblast Limited (Chair), Centrexion Therapeutics Corporation; Board of Visitors at Duke University’s Fuqua School of Business. | Joined CDW's Board in 2015. Former Chairman, President, and CEO of Anthem, Inc.. | |
Kelly J. Grier Board | Independent Director | Board Member at Illinois Tool Works Inc., Booking Holdings Inc.; Senior Advisor at Permira; Board Member at Zendesk, Inc., Global Forest Generation, Peterson Institute for International Economics. | Joined CDW's Board in July 2023. Former US Chair and Managing Partner (CEO) of Ernst & Young LLP. | |
Lynda M. Clarizio Board | Independent Director | Board Member at Emerald Holding, Inc., Intertek Group plc, Taboola.com Ltd., Simpli.fi Holdings, Inc., Cambri Oy, Human Rights First. | Joined CDW's Board in 2015. Co-founder of The 98, a venture fund investing in women-led tech businesses. | |
Marc E. Jones Board | Independent Director | Chairman, President, and CEO of Aeris Communications, Inc.; Board Member at Ingersoll Rand Inc.; Trustee at Stanford University; Chairman of Stanford Health Care. | Joined CDW's Board in January 2023. Extensive experience in the technology industry, including leadership roles at Visionael Corporation and Madge Networks. | |
Sanjay Mehrotra Board | Independent Director | President and CEO of Micron Technology, Inc.; Board Member at Stanford Health Care; Engineering Advisory Board Member at UC Berkeley. | Joined CDW's Board in 2021. Co-founder of SanDisk and current CEO of Micron Technology. | |
Virginia C. Addicott Board | Independent Director | Board Member at Element Fleet Management Corp., Akron Children’s Hospital (Chair), Kent State University Foundation, Smithers-Oasis Company. | Joined CDW's Board in 2016. Retired CEO of FedEx Custom Critical. |
- Given the continued slow demand for networking and server solutions over the past three quarters, what specific strategies is CDW implementing to stimulate growth in these areas, and do you foresee any signs of recovery in the near term?
- With a solid pipeline but challenges in conversion due to customer uncertainty, how does CDW plan to accelerate pipeline conversion to revenue, and what are your expectations for improved demand conditions, especially considering the macroeconomic environment?
- In light of recent cybersecurity incidents like the CrowdStrike debacle, how has this affected CDW's relationships with security vendors and customers, and what impact do you anticipate on your cybersecurity business growth trajectory?
- Considering the worsening market conditions in the U.K. and ongoing federal funding challenges, how are these factors impacting CDW's overall performance, and what measures are you taking to mitigate these risks and achieve your growth targets?
- As customers, particularly in the SMB and mid-market segments, accelerate their shift toward cloud solutions over on-premise upgrades, how is CDW adapting its business model to address this trend, and what impact do you expect on your traditional hardware and infrastructure sales?
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
This company is part of the peer group index used for cumulative total shareholder return comparison. It was selected based on criteria such as similar size in terms of revenue or enterprise value, operating in a business-to-business distribution environment, being a member of the technology industry, and having similar customers, margins, or international sales. | |
This company is included in the peer group index for cumulative total shareholder return comparison. It was chosen based on factors like comparable revenue or enterprise value, operating in a business-to-business distribution environment, and being identified as a competitor. | |
This company is part of the peer group index for shareholder return comparison, selected due to its similar size, business-to-business distribution model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected based on criteria such as similar revenue size, operating in a business-to-business environment, and being identified as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. | |
This company is included in the peer group index for shareholder return comparison, selected for its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen based on its similar size, business model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected for its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected based on its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected based on its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected based on its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. | |
Included in the peer group index for shareholder return comparison, this company was selected based on its similar size, business-to-business distribution model, and identification as a competitor. | |
This company is part of the peer group index for cumulative total shareholder return comparison, chosen for its similar size, business model, and identification as a competitor. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Mission Cloud Services | 2024 | CDW acquired Mission Cloud Services to expand its cloud, AI, and automation capabilities through its Digital Velocity Group, enhancing its full-stack IT solutions and value-added managed services, particularly for small and medium-sized businesses. |
Locus Recruiting | 2023 | CDW completed the acquisition of Locus Recruiting in February 2023 to double its talent orchestration business, providing flexible and scalable technology resource consulting that boosts capabilities in networking, cloud, and security, though the deal was relatively small in financial impact. |
Enquizit | 2023 | The acquisition of Enquizit in 2023 allowed CDW to enhance its Digital Velocity team by integrating specialized AWS cloud migration and application modernization services for the government, education, and not-for-profit sectors using a proprietary automation tool, with a minor financial impact. |
Sirius Computer Solutions | 2021 | CDW completed the $2.5 billion cash acquisition of Sirius Computer Solutions on December 2, 2021, significantly bolstering its capabilities in hybrid infrastructure, security, cloud, and managed services through enhanced service and solutions, supported by a structured financing deal involving senior notes. |
Recent press releases and 8-K filings for CDW.
- CDW reported net sales of $5.2 billion in Q1 2025, up 6.7% YoY, driven by strong performance across multiple channels and effective cost management .
- Non-GAAP operating income increased by 10% to approximately $444 million with non-GAAP EPS of $2.15, reflecting disciplined pricing and strategic capital allocation .
- The Board declared a quarterly cash dividend of $0.625 per share, payable on June 10, 2025, reinforcing its commitment to shareholder returns .
- Operating income rose 10.2% to $361 million and gross profit climbed to $1.1 billion (21.6% margin), underscoring strong core performance .
- Full year 2025 outlook forecasts low single-digit IT market growth and stable gross margins amid cautious customer behavior and pull-forward effects in client device purchases .
- CDW remains focused on capital allocation with planned dividend increases and share repurchases, maintaining a robust balance sheet with net debt around $5.2 billion .