CDW is focusing on solutions that lead to business optimization, cost management and security risk management. This strategy involves orchestrated solutions leveraging security, software, and hybrid and cloud offerings to help customers achieve their objectives.

The company issued $600 million of 5.100% Senior Notes due 2030 and $600 million of 5.550% Senior Notes due 2034. The proceeds were used to redeem existing senior notes, demonstrating proactive debt management.

Selling and administrative expenses decreased from $749.3 million to $719.1 million, primarily due to lower performance-based compensation. This indicates effective cost control measures in response to lower sales.

CDW repurchased 1.6 million shares of its common stock for $354 million during the nine months ended September 30, 2024. This reflects management's confidence in the company's future prospects and commitment to returning value to shareholders.

The Company received a Civil Investigative Demand from the DOJ in connection with a False Claims Act investigation related to bids submitted for contracts funded by the Schools and Libraries Program (E-Rate Program). The Company is cooperating with the DOJ and, at this stage of the investigation, is unable to assess the probability of any outcome or the range of possible loss, if any.

The report cites macroeconomic uncertainty and inflationary pressures as factors impacting customers' willingness to spend on information technology. This could lead to delayed or reduced investments in technology.

The company acknowledges substantial competition that could reduce CDW's market share. This underscores the need for continuous innovation and differentiation to maintain a competitive edge.

On October 7, 2024, the Company redeemed the remaining outstanding 5.500% Senior Notes due 2024, which were scheduled to mature on December 1, 2024, at par for $184 million.

On October 30, 2024, the Board of Directors declared a quarterly cash dividend on common stock of $0.625 per share, payable on December 10, 2024, to stockholders of record as of November 25, 2024.

Current technology trends are focused on delivering greater flexibility and efficiency, as well as designing and managing IT securely. These trends are driving customer adoption of cloud, generative artificial intelligence, software defined architectures and hybrid on-premise and off-premise combinations.