WESCO Int'l (WCC) Tops Q1 EPS by $1.46, Raises Guidance
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Wesco International Reports First Quarter 2022 Results
May 5, 2022 6:00 AM EDTRecord net sales of $4.9 billion, up 22% YOY Organic sales growth of 21% Record backlog as of March 31, 2022, up more than 90% YOY and up 25% sequentially Record operating profit of $284 million; operating margin of 5.8% Gross margin of 21.3%, up 120 basis points YOY and up 50 basis points sequentially Record adjusted operating profit of $315 million, up 85% YOY; adjusted operating margin of 6.4%, up 220 basis points YOY Record adjusted EBITDA of $364 million, up 68% YOY; adjusted EBITDA margin of 7.4%, up 200 basis points... More
