secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000929008-22-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesco Q1 record sales $4.9B (+22% YoY); adj. EPS $3.63, up 154%; raises FY2022 adj. EPS outlook to $14-15
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- Net sales $4.9B, +22% YoY; organic growth 21.2%; record backlog up >90% YoY and 25% sequentially.
- Adjusted EPS $3.63, up 154% YoY; GAAP EPS $3.19. Adjusted EBITDA $364M, margin 7.4% (+200 bps).
- Raising FY2022 outlook: adj. EPS $14.00-$15.00, sales growth 12%-15%, adj. EBITDA margin 7.3%-7.6%.
- All three segments (EES, CSS, UBS) delivered double-digit sales and profit growth; EES sales +21.5%, UBS +31.6%.
- Leverage improved to 3.6x adjusted EBITDA, down from 5.7x at Anixter close; free cash flow guidance set at 80% of adj. net income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000011/0000929008-22-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000011/wcc-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000929008-22-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer