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updated: 2/14/2014 10:54 AM

CDW sees 4.3 percent jump in 4Q sales

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  • CDW in Vernon Hills reported fourth quarter 2013 sales were up 4.3 percent.

      CDW in Vernon Hills reported fourth quarter 2013 sales were up 4.3 percent.
    Daily Herald file photo

Globe Newswire

Vernon Hills-based technology solutions provider CDW Corp., which went public in 2013, said fourth quarter 2013 sales were up 4.3 percent over the same period in 2013. For the year, sales increased 6.3 percent from 2012.

For the year, sales Total net sales in 2013 were $10.769 billion, compared to $10.128 billion in 2012, an increase of 6.3 percent.

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Total net sales in the fourth quarter $2.713 billion, compared to $2.601 billion in the same period in 2012. Average daily sales were $43.1 million, compared to $41.3 in the same period of 2012.

Total net sales in 2013 were $10.769 billion, compared to $10.128 billion in 2012. Average daily sales in 2013 were $42.4 million, compared to $39.9 million in 2012.

"2013 was another year of strategic progress and financial performance as the combination of our balanced channel portfolio, broad product suite, and focus on execution enabled us to deliver profitable growth above the US IT market while investing in our future," said CDW Chairman and CEO Thomas E. Richards.

Richards said fourth quarter results were driven by ongoing momentum from medium and large businesses, while the company's K-12 education division had record sales. That, he added, offset declines in sales to the federal government.

"We delivered solid profitability while investing in additional customer-facing co-workers and building our brand against a backdrop of continued pricing pressure in transactional products," Richards said.

CDW's board of directors also approved a quarterly cash dividend of 4.25 cents per share, payable on March 10, 2014 to shareholders of record on Feb. 25.

The Vernon Hills-based company went public in June 2013 and is listed in the Nasdaq index.

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