WESCO Int'l (WCC) Tops Q1 EPS by 62c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
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WESCO International, Inc. Reports First Quarter 2021 Results
May 6, 2021 6:00 AM EDTFirst quarter summary:
Net sales of $4.0 billion, up more than double due to the Anixter merger Up 3.2% on a pro forma workday-adjusted basis Operating 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 sequentially Adjusted operating profit of $170.6 million; adjusted operating margin of 4.2%, up 90 basis points Adjusted EBITDA of $216.5 million; adjusted EBITDA margin of 5.4%, up 100 basis points Earnings per diluted share of... More