WESCO Int'l (WCC) Tops Q2 EPS by 70c, Revenues Beat
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WESCO International, Inc. Reports Second Quarter 2020 Results
August 13, 2020 6:45 AM EDTSecond quarter summary:
Anixter merger completed on June 22, 2020 Consolidated net sales of $2.1 billion, down 2.9% versus prior year Organic sales down 12.3% Operating profit of $15.3 million, including $73.3 million of merger-related costs Excluding 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 $0.84 Excluding merger-related costs, adjusted diluted earnings per share of $1.36 Adjusted WESCO diluted earnings per share of... More