On Oct. 18, CDW (NASDAQ:CDWC) released Q3 earnings for the period ended Sept. 30, 2006.
- The public sector segment -- up 17.6% -- helped revenue increase by 4.1%.
- The corporate sector segment dipped 2.5%.
- EPS climbed 11.4%, helped in part by a reduction in share count.
(Figures in millions, except per-share data)
Income Statement Highlights
| Avg. Est. | Q3 2006 | Q3 2005 | Change | |
|---|---|---|---|---|
| Sales | $1,758 | $1,739 | $1,670 | 4.1% | 
| Net Profit | -- | $78 | $73 | 6.3% | 
| EPS | $0.93 | $0.98 | $0.88 | 11.4% | 
| Diluted Shares | -- | 79 | 83 | (4.2%) | 
Get back to basics with a look at the income statement.
Margin Checkup
| Q3 2006 | Q3 2005 | Change* | |
|---|---|---|---|
| Gross Margin | 15.40% | 15.26% | 0.14 | 
| Operating Margin | 6.41% | 6.73% | (0.32) | 
| Net Margin | 4.47% | 4.38% | 0.09 | 
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
| Assets | Q3 2006 | Q3 2005 | Change | 
|---|---|---|---|
| Cash + ST Invest. | $521 | $525 | (0.8%) | 
| Accounts Rec. | $40 | $32 | 26.7% | 
| Inventory | $285 | $259 | 10.2% | 
| Liabilities | Q3 2006 | Q3 2005 | Change | 
|---|---|---|---|
| Accounts Payable | $1,315 | $1,159 | 13.5% | 
| Long-Term Debt | N/A | N/A | N/A | 
Learn the ways of the balance sheet.
Cash Flow Highlights
Not supplied by the company. Booooo!
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