BuybackMay 13, 2026, 08:37 AM
CDW Board Authorizes $1 Billion Share Repurchase Program Increase
AI Summary
CDW Corporation announced that its Board of Directors has authorized a $1 billion increase to the company's share repurchase program. This new authorization is incremental to the approximately $484 million remaining from the previous repurchase program as of March 31, 2026. The company's Chief Financial Officer, Albert J. Miralles, emphasized that share repurchases are a crucial part of their capital allocation strategy, which has returned approximately $8.4 billion to stockholders through repurchases and dividends since its IPO in June 2013.
Key Highlights
- CDW's Board of Directors authorized a $1 billion increase to its share repurchase program.
- This new authorization is incremental to the approximately $484 million unused as of March 31, 2026.
- The share repurchase program is effective immediately.
- Since its IPO in June 2013, CDW has returned approximately $8.4 billion to stockholders.
- Share repurchases are a key component of CDW's capital allocation strategy.