secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0000929008-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wesco reports record Q1: sales $5.5B (+12%), adj. EPS $3.75, reaffirms FY23 outlook
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- Net sales $5.5B (+12% YoY, organic +10.8%); gross margin 21.9% (+60bps).
- Adjusted diluted EPS $3.75 (+3% YoY); adjusted EBITDA $421M (+16%) with margin 7.6%.
- CSS sales +20.8% (organic +13.3%), UBS +17.5% (organic +18.2%), EES +2.2%.
- Backlog +21% YoY; reaffirms FY23 mid-to-high single-digit sales growth, FCF $600-800M.
- Operating cash outflow of $255M on working capital build; expects leverage below 2.5x by year-end.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900823000009/0000929008-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900823000009/wcc-20230504.htm
  HTML page:      https://secwatch.observer/filing/0000929008-23-000009

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