WESCO International, Inc. Reports First Quarter 2020 Results
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WESCO Int'l (WCC) Misses Q1 EPS by 5c
April 30, 2020 6:05 AM EDTWESCO Int'l (NYSE: WCC) reported Q1 EPS of $0.91, $0.05 worse than the analyst estimate of $0.96. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.99 billion.
First quarter highlights:
Consolidated net sales of $2.0 billion, flat versus prior yearCost of goods sold as a percentage of net sales of 80.9%Gross margin of 19.1%, up 50 basis points sequentiallyOperating profit of $60.9 million, including $4.9 million of merger-related expensesEarnings per diluted share of $0.82Diluted EPS of $0.91 adjusted for merger-related transaction costsOperating cash flow of $31.5... More