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 Third Quarter 2021 Earnings Reinforces Power of Business Model and Strategy Three Months Ended September 30 , Nine Months Ended September 30 , % Chg . 2020 13,511.3 13.1 70.4 13.7 2,329.2 11.3 847.0 27.5 550.2 40.5 $ 2021 5,300.0 $ 82.8 914.9 386.4 266.6 435.1 % 2020 Chg . 4,756.4 11.4 $ 74.3 11.4 825.5 10.8 317.8 21.6 193.2 38.0 1.91 $ 386.3 12.6 2021 15,283.9 $ 80.0 2,592.9 1,079.7 773.3 1.33 43.2 $ EXHIBIT 99.1 1,220.9 $ 5.47 $ Non - GAAP Net Income per Diluted Share² $ 2.13 $ 1.83 16.4 $ 5.89 $ 4.77 23.5 There were 64 selling days for both the three months ended September 30 , 2021 and 2020. There were 191 and 192 selling days for the nine months ended September 30 , 2021 and 2020 , respectively . 1 1,028.4 18.7 3.80 43.8 2 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 . , November 3 , 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 third quarter 2021 results . CDW also announced the approval by its Board of Directors of a quarterly cash dividend of $ 0.50 to be paid on December 10 , 2021 to all stockholders of record as of the close of business on November 24 , 2021. It is the eighth consecutive year that CDW has increased its dividend since its 2013 IPO . " This quarter's record Net sales performance and excellent profitability reinforces confidence in our strategy for growth , once again highlighting the strength of our business model and the combined power of our diverse customer end markets and broad product and solutions portfolio , " said Christine A. Leahy , president and chief executive officer , CDW . " Customers continue to turn to CDW as a trusted advisor with the breadth , depth , expertise and scale to deliver customer - centric outcomes across the full technology stack and lifecycle . I am extremely proud of the commitment , agility and resolve of our coworkers , who successfully delivered customer outcomes in a supply constrained environment . " " Strong operating results were amplified by share repurchases , delivering a 16 percent increase in Non GAAP net income per diluted share , " said Albert J. Miralles , 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 high - 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 .