CDW Corp

CDW Corporation held its 2026 Annual Meeting of Stockholders where an amendment to the Company's Certificate of Incorporation was approved, permitting stockholder action by written consent. This amendment, along with corresponding changes to the Bylaws, became effective on May 22, 2026. Additionally, stockholders elected nine directors, approved named executive officer compensation on an advisory basis, and ratified Ernst & Young LLP as the independent auditor for the year ending December 31, 2026. A stockholder proposal concerning independent board chair requirements was not approved.

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.

CDW reported strong financial results for the first quarter of 2026, with increases in net sales, net income, and diluted earnings per share compared to the prior year period. The company also implemented a segment realignment effective January 1, 2026, reorganizing its customer-facing sales organization into Commercial, Government, and Education segments. Additionally, CDW continued its capital allocation strategy through share repurchases and dividend payments.

CDW Corporation reported strong first quarter 2026 financial results with net sales increasing 9.2% to $5,679.8 million. Diluted earnings per share rose 7.9% to $1.82, and non-GAAP diluted EPS increased 6.3% to $2.28. Despite revenue growth, gross profit and operating income margins saw slight decreases. The company's Board of Directors also declared a quarterly cash dividend of $0.630 per common share, payable on June 10, 2026.

CDW Corporation has realigned its customer-facing sales organization, effective January 1, 2026, creating three new reportable segments: Commercial, Government, and Education. The company also provided recast unaudited historical financial information for fiscal year 2025 to aid comparability under the new structure. This realignment and recast data do not impact previously reported consolidated financial statements.