WESCO Int'l (WCC) Tops Q2 EPS by 24c; Raises Outlook
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Wesco International Reports Second Quarter 2022 Results
August 4, 2022 6:00 AM EDTRecord net sales of $5.5 billion, up 19% YOY Organic sales growth of 21% Record backlog as of June 30, 2022, up more than 80% YOY and up approximately 10% sequentially Record operating profit of $371 million, up 69% YOY; operating margin of 6.8%, up 200 basis points YOY Record gross margin of 21.7%, up 70 basis points YOY and up 40 basis points sequentially Record adjusted operating profit of $388 million, up 48% YOY; record adjusted operating margin of 7.1%, up 140 basis points YOY and 70 basis points sequentially Record adjusted EBITDA of $444... More
