WESCO International, Inc. Reports Third Quarter 2020 Results

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Go back to WESCO International, Inc. Reports Third Quarter 2020 Results

WESCO Int'l (WCC) Tops Q3 EPS by 29c, Revenues Beat

November 5, 2020 6:15 AM EST

WESCO Int'l (NYSE: WCC) reported Q3 EPS of $1.66, $0.29 better than the analyst estimate of $1.37. Revenue for the quarter came in at $4.1 billion versus the consensus estimate of $4.06 billion.

Third quarter summary:

Net sales of $4.1 billion, up 93% due to the Anixter mergerOperating profit of $178.1 million; operating margin of 4.3%Adjusted operating profit of $200.5 million; adjusted operating margin of 4.8%Earnings per diluted share of $1.31Adjusted earnings per diluted share of $1.66Operating cash flow of $286.3 millionFree cash flow of $307.4 million, or 315% of adjusted net... More