CDW's Average Daily Sales Increase 25.3 Percent in June 2007 and 24.4 Percent in the Second Quarter of 2007
12 Julio 2007 - 6:33AM
Business Wire
CDW Corporation (NASDAQ:CDWC), a leading provider of technology
products and services to business, government and education, today
announced average daily sales for June 2007 were $34.211 million,
an increase of 25.3 percent compared to average daily sales of
$27.293 million for June 2006. Total sales for June 2007 were
$718.4 million, an increase of 19.6 percent compared to total sales
of $600.4 million for June 2006. There were 21 billing days in June
2007 and 22 billing days in June 2006. As previously announced, CDW
completed the acquisition of Berbee Information Networks
Corporation on October 11, 2006. June 2006 sales do not include
Berbee sales, while June 2007 sales include Berbee sales. Excluding
Berbee sales in June 2007, and therefore on a non-GAAP basis, CDW�s
average daily sales for June 2007 were $31.641 million, an increase
of 15.9 percent compared to average daily sales for June 2006 of
$27.293 million and total sales for June 2007 were $664.5 million,
an increase of 10.7 percent compared to total sales of $600.4
million for June 2006. There were 21 billing days in June 2007 and
22 billing days in June 2006. In June 2007, average daily sales for
the corporate sector segment increased 11.1 percent and average
daily sales for the public sector segment increased 25.1 percent
compared to the prior year period. While CDW did not own Berbee
prior to October 11, 2006, the Company is providing comparative
information for Berbee. Compared to the prior year period, average
daily sales for Berbee increased 57.4 percent in June 2007.
Compared to the public sector and corporate sector segments,
Berbee�s business model is more project oriented, which can result
in a greater degree of variability in sales on a monthly basis.
Product categories that achieved the strongest year-over-year unit
volume growth for the month on an average daily basis included
notebook computers, desktop computers, software, netcomm products
and video. Product categories exclude Berbee sales. Second Quarter
of 2007 sales results: Total sales in the second quarter of 2007
were $2.033 billion compared to $1.633 billion in the second
quarter of 2006, an increase of 24.4 percent. Average daily sales
in the second quarter of 2007 were $31.763 million compared to
$25.523 million in the second quarter of 2006, representing a 24.4
percent increase. There were 64 billing days in both the second
quarter of 2007 and the second quarter of 2006. As previously
announced, CDW completed the acquisition of Berbee Information
Networks Corporation on October 11, 2006. Total sales for the
second quarter of 2006 do not include Berbee sales, while the
second quarter of 2007 sales include Berbee sales. Excluding Berbee
sales in the second quarter of 2007, and therefore on a non-GAAP
basis, total sales were $1.880 billion, an increase of 15.1 percent
compared to total sales of $1.633 billion for the second quarter of
2006 and average daily sales for the second quarter of 2007 were
$29.377 million, an increase of 15.1 percent compared to average
daily sales for the second quarter of 2006 of $25.523 million.
Total corporate sector segment sales in the second quarter of 2007
were $1.237 billion compared to $1.112 billion in the second
quarter of 2006, representing an increase of 11.2 percent. Second
quarter of 2007 average daily sales for the corporate sector
segment were $19.321 million compared to $17.373 million in the
second quarter of 2006, representing an increase of 11.2 percent.
Total public sector segment sales in the second quarter of 2007
were $643.6 million compared to $521.6 million in the second
quarter of 2006, representing an increase of 23.4 percent. Second
quarter of 2007 average daily sales for the public sector segment
were $10.056 million compared to $8.150 million in the second
quarter of 2006, representing an increase of 23.4 percent. While
CDW did not own Berbee prior to October 11, 2006, the Company is
providing comparative information for Berbee. Compared to the prior
year period, total sales for Berbee increased 50.1 percent in the
second quarter of 2007. Compared to the public sector and corporate
sector segments, Berbee�s business model is more project oriented,
which can result in a greater degree of variability in sales on a
quarterly basis. Product categories that achieved the strongest
year-over-year unit volume growth for the second quarter of 2007
were notebook computers, desktop computers, data storage, software
and video. Product categories exclude Berbee sales. Company to
Release Second Quarter of 2007 Results on July 24, 2007 The Company
will release its second quarter of 2007 results on Tuesday, July
24, 2007, at 7:30 a.m. ET / 6:30 a.m. CT. On Tuesday, July 24,
2007, at 8:30 a.m. ET / 7:30 a.m. CT, management will review second
quarter of 2007 results during a conference call. The conference
call will be available via live webcast in listen-only mode on the
Company�s web site at www.cdw.com/investor. An audio replay of the
call will be available approximately two hours after the event on
www.cdw.com/investor for approximately two weeks. About CDW CDW�,
ranked No. 342 on the FORTUNE 500, is a leading provider of
technology solutions for business, government and education. CDW is
a principal source of technology products and services including
top name brands such as Acer, Adobe, APC, Apple, Cisco, EMC,
Fujitsu, HP, IBM, Lenovo, Microsoft, Panasonic, Quantum, Samsung,
Sony, Symantec, ViewSonic and Xerox. CDW's direct model offers
customers one-on-one relationships with knowledgeable account
managers and access to approximately 820 on-staff engineers and
advanced technology specialists who customize solutions for
customers� complex technology needs. CDW also provides same-day
product shipping and post-sales technical support. CDW was founded
in 1984 and as of March 31, 2007, employed approximately 5,640
coworkers. In 2006, the company generated sales of $6.8 billion.
For more information, visit CDW.com. Where You Can Find Additional
Information In connection with the proposed merger between CDW and
Madison Dearborn Partners LLC, CDW filed a preliminary proxy
statement with the SEC on July 2, 2007. CDW will also file with the
SEC, and furnish to its shareholders, a definitive proxy statement
soliciting proxies for the meeting of its shareholders to be called
with respect to the Merger. CDW SHAREHOLDERS ARE ADVISED TO READ
THE PROXY STATEMENT WHEN IT IS FINALIZED AND DISTRIBUTED TO THEM
BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. CDW shareholders and
other interested parties will be able to obtain, without charge, a
copy of the proxy statement (when available) and other relevant
documents filed with the SEC from the SEC�s website at
http://www.sec.gov. CDW shareholders and other interested parties
will also be able to obtain, without charge, a copy of the proxy
statement (when available) and other relevant documents by
directing a request by mail or telephone to CDW Corporation, 200 N.
Milwaukee Ave., Vernon Hills, Illinois 60061, Attention: Corporate
Secretary, telephone: (847) 465-6000, or from CDW�s website,
http://www.cdw.com. CDW and certain of its directors, executive
officers and other members of management and employees may, under
SEC rules, be deemed to be �participants� in the solicitation of
proxies from shareholders of CDW with respect to the proposed
transaction. Information regarding the persons who may be
considered �participants� in the solicitation of proxies is set
forth in the preliminary proxy statement described above.
Statements about the expected timing, completion and effects of the
proposed merger between CDW and Madison Dearborn Partners, LLC, and
all other statements in this filing other than historical facts,
constitute forward-looking statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Readers are cautioned not to place undue reliance on
these forward-looking statements, each of which is qualified in its
entirety by reference to the following cautionary statements.
Forward-looking statements speak only as of the date hereof and are
based on current expectations and involve a number of assumptions,
risks and uncertainties that could cause actual results to differ
materially from those projected in the forward-looking statements.
CDW may not be able to complete the proposed merger because of a
number of factors, including, among other things, the failure to
obtain shareholder approval, the failure of financing or the
failure to satisfy other closing conditions. Other risks and
uncertainties that may affect forward-looking statements are
described in the reports filed by CDW with the SEC under the
Securities Exchange Act of 1934, as amended, including without
limitation CDW�s Annual Report on Form 10-K for the year ended
December�31, 2006. For more information about CDW: Visit CDW on the
Internet at http://www.cdw.com. Contact CDW Investor Relations via
the Internet at investorrelations@cdw.com or by telephone at
847-419-6328. CDW is a registered trademark and CDW@work is a
trademark of CDW Corporation. Other company and product names may
be trademarks of their respective owners.
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