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

*Expressed in percentage points

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!

Find out why Fools always follow the money.

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Related Foolishness:

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