Earnings release
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CDW 00 ( Dollars in millions , except per share amounts ) Net Sales Average Daily Sales¹ Gross Profit Operating Income Net Income Non - GAAP Operating Income² Net Income per Diluted Share CDW Reports Second Quarter 2021 Earnings Reinforces Power of Business Model and Strategy 2 Non - GAAP Net Income per Diluted Share² Three Months Three Months Ended June Ended June 30 , 2020 30 , 2021 % Chg . 17.9 $ $ 4,365.7 68.2 17.9 747.2 18.2 283.4 30.5 189.1 44.9 $ 5 , 146.4 80.4 882.8 369.9 274.1 418.1 1.93 $ 338.2 23.6 Six Months Ended June 30 , 2021 Six Months % Ended June 30 , 2020 Chg . 8,754.9 14.0 68.4 14.9 1,503.7 11.6 529.2 31.0 357.0 41.9 9,983.9 $ 78.6 1,678.0 693.3 506.7 785.8 $ 1.31 47.4 $ 3.56 $ $ 2.02 $ 1.56 29.3 $ 3.76 $ 2.94 27.9 There were 64 selling days for both the three months ended June 30 , 2021 and 2020. There were 127 and 128 selling days for the six months ended June 30 , 2021 and 2020 , respectively . 642.1 1 22.4 2.47 44.1 Non - GAAP measures used in this release that are not based on accounting principles generally accepted in the United States of America ( " US GAAP " ) are each defined and reconciled to the most directly comparable US GAAP measure in the attached schedules . LINCOLNSHIRE , III . , August 4 , 2021 - CDW Corporation ( Nasdaq : CDW ) , a leading multi - brand provider of information technology solutions to business , government , education and healthcare customers in the United States , the United Kingdom and Canada , today announced second quarter 2021 results . CDW also announced the approval by its Board of Directors of a quarterly cash dividend of $ 0.40 to be paid on September 10 , 2021 to all stockholders of record as of the close of business on August 25 , 2021 . " We delivered a record quarter with outstanding Net sales performance and excellent profitability , reinforcing confidence in our strategy and the strength of our business model . Demand from commercial customers increased sharply as economies rebounded and customers turned to CDW for expertise across the full technology solutions stack . Our teams helped customers orchestrate critical digital transformation initiatives , bolster security frameworks and make investments to enable in - person and hybrid models , " said Christine A. Leahy , president and chief executive officer , CDW . " I am extremely proud of the commitment , agility and resolve of our coworkers , who successfully delivered customer outcomes and capabilities in a supply constrained environment . " " Strong operating results were amplified by share repurchases , delivering a 29 percent increase in Non GAAP net income per diluted share , " said Collin B. Kebo , chief financial officer , CDW . " Given this quarter's results and our expectations for the balance of the year , we now expect 2021 constant currency Non - GAAP net income per diluted share growth in the mid - teens . " " We expect to exceed our 2021 outlook to outpace US IT market growth by 200 to 300 basis points on a constant currency basis . We will continue to execute our strategy , invest in the business , and be laser focused on meeting the needs of our more than 250,000 customers in the United States , the United Kingdom and Canada and remaining the partner of choice for more than 1,000 leading and emerging technology brands as the technology market continues to evolve , " concluded Leahy .