WESCO Int'l (WCC) Tops Q3 EPS by 21c, Offers Guidance
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WESCO International, Inc. Reports Third Quarter 2021 Results
November 4, 2021 6:00 AM EDTRecord net sales of $4.7 billion, up 14.2% YOY Organic sales growth of 13.6% Sequential growth of 2.9% on a reported basis; 3.4% on an organic basis Record backlog as of September 30, 2021 Record operating profit of $229.5 million; operating margin of 4.9% Record gross margin of 21.3%, up 170 basis points YOY and up 30 basis points sequentially Adjusted operating profit of $280.4 million; adjusted operating margin of 5.9%, up 110 basis points YOY Adjusted EBITDA of $330.3 million; adjusted EBITDA margin of 7.0%, up 31% and 90 basis points... More
