What was likely CDW's last quarter as a public company was a good one.
The Vernon Hills, Ill.-based direct marketer earned $80.1 million, or 99 cents per share in the second fiscal quarter ended June 30, beating Wall Street estimates by two cents per share and topping last year's earnings ($73.1 million or 91 cents per share) by 9.5 percent.
The results include $4.9 million in costs related to its pending $7.3 billion sale to private equity firm Madison Dearborn Partners. Excluding the charges, CDW earned $85 million or $1.05 per share.
CDW's 2Q sales were $2.03 billion, up 24.4 percent, from $1.63 billion in the year-ago quarter. Sales excluding revenue from its Berbee Information Networks acquisition were $1.88 billion, a 15.1 percent increase. Berbee revenue was $152.7 million, a 50.1 percent increase from the year-ago quarter when CDW did not own the Madison, Wisc.-based solution provider.
Sales to corporate customers were $1.24 billion, up 11 percent from the year-ago quarter. Public sector sales were $643.6 million, up 23.4 percent.
Notebooks, desktops, storage, software and video proeudcts achieved the strongest year-over-year unit volume growth, according to CDW.
Shares of CDW closed Monday at $85.28, down 21 cents.
Last week, federal antitrust regulators have approved Madison Dearborn's purchase of CDW for $7.3 billion and CDW has scheduled an Aug. 9 special meeting for shareholders to approve the deal.
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