secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000929008-22-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesco Q2 net sales $5.5B (record), adj EPS $4.19 (beat); FY22 adj EPS guidance raised to $15.60-16.40
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- Record net sales of $5.5B, up 19% YoY; organic sales +21%; record backlog up >80% YoY.
- Record operating profit $371M (+69% YoY); operating margin 6.8% (+200 bps); record gross margin 21.7%.
- Record adjusted diluted EPS $4.19 (+59% YoY, +15% sequentially); GAAP EPS $3.95.
- Raised FY22 adj EPS outlook to $15.60-$16.40 (up 55-65% YoY); adj EBITDA margin 7.8%-8.0%.
- Leverage improved to 3.4x (down 0.2x sequentially); operating cash outflow $132.6M from working capital.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000029/0000929008-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000029/wcc-20220804.htm
  HTML page:      https://secwatch.observer/filing/0000929008-22-000029

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