October 23, 2003

CDW Announces Third Quarter Results

CDW Corporation (NASDAQ:CDWC) today announced record third quarter sales of $1.223 billion, an increase of 6.2 percent versus the prior year quarter. Earnings per share were $0.52, including $0.06 per share of transaction and integration costs relating to the purchase of selected U.S. assets and the Canadian operations of Micro Warehouse.

"CDW's proven strategy of offering extensive brand name products, improving efficiency, and executing well has resulted in another quarter of strong operating performance," commented John A. Edwardson, chairman and chief executive officer. "Third quarter sales set a new record for the company, even excluding the results of the recent Micro Warehouse transaction. We also experienced a record month of September sales for both our corporate and public sector segments, also excluding the results of Micro Warehouse. Our coworkers' accomplishments demonstrate their absolute commitment to understand and meet customer needs, which enables us to repeatedly outperform the market."

My spin: As goes CDW goes the retail tech industry

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