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CDW Reports Third Quarter 2013 Results

(Dollars in millions, except per share amounts) Three months ended September 30, 2013 Three months ended September 30, 2012 % Chg. Nine months ended September 30, 2013 Nine months ended September 30, 2012 % Chg.
Net Sales $2,864.3 $2,623.3 9.2 $8,055.3 $7,527.2 7.0
Gross Profit 458.4 432.7 6.0 1,312.0 1,244.2 5.5
Net (Loss) Income (2.2) 38.0 nm 3 72.8 85.7 (15.1)
Net (Loss) Income per diluted share 1 $(0.01) $0.26 nm 3 $0.47 $0.59 (20.3)
Non-GAAP Net Income per diluted share 2 $0.50 $0.40 25.0 $1.29 $1.06 21.7
Adjusted EBITDA 2 216.1 204.6 5.6 607.3 571.6 6.2
1 Includes IPO costs and related expenses, certain debt-refinancing expenses and litigation gains 2Measures used in this release that are not based on accounting principles generally accepted in the United States of America ("non-GAAP") are each defined and reconciled to the most directly comparable GAAP measure in the attached schedules. 3 Not meaningful

VERNON HILLS, Ill., Nov. 1, 2013 (GLOBE NEWSWIRE) -- CDW Corporation (Nasdaq:CDW), a leading multi-brand technology solutions provider to business, government, education, and healthcare, today announced third quarter 2013 results. The company also announced that its Board of Directors has approved the payment of a quarterly cash dividend to shareholders of $0.0425 per share.  This dividend will be paid on December 2, 2013 to all shareholders of record at the close of business on November 15, 2013.

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