CDW Corporation (CDW) in Aoris 2024 Q2

Strategic Positioning Amidst Market Fluctuations

Apr 15, 2025

Summary

Largest value-added IT reseller in the US.
Stock price fell by 14% during the quarter.
Experiencing restrained customer spending post-pandemic.
Continues to deepen customer relationships and gain market share.
Expected demand recovery as hardware devices age.

CDW Corporation (CDW, Financial) was discussed in the Aoris 2024 Q2 fund letter as a significant player in the IT reselling market, despite facing a 14% decline in its stock price during the quarter. The company is currently navigating a period of restrained customer spending following a strong post-pandemic demand for hardware. Nevertheless, CDW is strategically positioned to benefit from a recovery in demand as devices age, while continuing to strengthen its customer relationships and expand its market share.

"CDW is the largest value-added IT reseller in the US. After a strong post-pandemic period of demand for hardware such as laptops, CDW’s customers are currently in a period of more restrained spending. This is normal and we expect demand to recover as these devices age in the next couple of years." — Aoris Investment Management, Aoris 2024 Q2 Fund Letter

Read full letter at gurufocus Aoris 2024 Q2 page.

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