WESCO Int'l (WCC) Tops Q2 EPS by 74c, Raises Guidance
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WESCO International, Inc. Reports Second Quarter 2021 Results
August 5, 2021 6:00 AM EDTNet sales of $4.6 billion, up more than double due to the Anixter merger Up 24% YOY on a pro forma basis Up 14% sequentially on a reported basis Record backlog as of June 30, 2021 Operating profit of $218.9 million; operating margin of 4.8% Gross margin of 21.0%, up 210 basis points YOY and up 90 basis points sequentially Adjusted operating profit of $261.6 million; adjusted operating margin of 5.7%, up 150 basis points YOY Adjusted EBITDA of $309.2 million; adjusted EBITDA margin of 6.7%, up 130 basis points... More
