WESCO International, Inc. Reports First Quarter 2021 Results
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WESCO Int'l (WCC) Tops Q1 EPS by 62c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
May 6, 2021 6:02 AM EDTWESCO Int'l (NYSE: WCC) reported Q1 EPS of $1.43, $0.62 better than the analyst estimate of $0.81. Revenue for the quarter came in at $4.04 billion versus the consensus estimate of $4 billion.
First quarter summary:
Net sales of $4.0 billion, up more than double due to the Anixter mergerUp 3.2% on a pro forma workday-adjusted basisOperating profit of $133.3 million; operating margin of 3.3%Gross margin of 20.1%, up 100 basis points year-over-year and 50 bps basis points sequentiallyAdjusted operating profit of $170.6 million; adjusted operating margin of 4.2%, up 90 basis pointsAdjusted EBITDA of $216.5 million; adjusted EBITDA margin of... More