WESCO International, Inc. Reports Second Quarter 2020 Results
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WESCO Int'l (WCC) Tops Q2 EPS by 70c, Revenues Beat
August 13, 2020 6:47 AM EDTWESCO Int'l (NYSE: WCC) reported Q2 EPS of $1.36, $0.70 better than the analyst estimate of $0.66. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $1.9 billion.
Second quarter summary:
Anixter merger completed on June 22, 2020Consolidated net sales of $2.1 billion, down 2.9% versus prior yearOrganic sales down 12.3%Operating profit of $15.3 million, including $73.3 million of merger-related costsExcluding merger-related costs, adjusted operating margin of 4.2%Adjusted WESCO operating margin of 3.8%, representing decremental margin of approximately 10%Loss per diluted share of $0.84Excluding merger-related costs,... More