secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000929008-22-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesco Q3 revenue $5.4B +15% YoY, adj. EPS $4.49 +64%, backlog record up >60%
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- Net sales $5.4B (+15% YoY); organic growth 17%; record backlog up >60% YoY.
- Record operating profit $402M (+75% YoY); gross margin 22.1% (+80 bps); adj. EBITDA margin 8.6% (+160 bps).
- Adj. EPS $4.49 (+64% YoY, +7% seq.); GAAP EPS $4.30.
- Leverage improved to 3.2x (down 0.2x); closed Rahi Systems acquisition Nov 1.
- Narrowed FY2022 adj. EPS outlook to $15.80-$16.20; adj. EBITDA margin ~7.9-8.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000038/0000929008-22-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900822000038/wcc-20221103.htm
  HTML page:      https://secwatch.observer/filing/0000929008-22-000038

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