CDW Corporation: Enhanced Cloud and SaaS Focus Driving Our Optimism! 

CDW’s third-quarter performance in 2024 highlighted both challenges and areas of resilience amidst a tough market landscape. The financial results show mixed signals with some underwhelming outcomes paired with areas of growth indicating a complex operational environment. Gross profit amounted to $1.2 billion, marking a 2% decline from the previous year, while net sales decreased by 3.5% on an average daily sales basis to $5.5 billion. Notably, non-GAAP operating income was down by 4% year-over-year to $534 million, and non-GAAP earnings per share decreased by 3% to $2.63. Adjusted free cash flow remained strong at $261 million.