Wesco Q2 sales record $5.7B but adjusted EPS down 11%; lowers FY guidance

WESCO INTERNATIONAL INC

2023-Q2 EPS reported $6.90 revenue$11,267,400,000

Net sales record $5.7B (+5% YoY); organic sales +2.8%. Adjusted EPS $3.71 vs $4.19 prior year, down 11%.
CSS +15.5% (record), UBS +9.2%, but EES declined 5.6% on supply chain rebalancing and weak construction.
FY 2023 outlook lowered: sales growth 5-7% (prior 6-9%), adj. EBITDA ~$1.8B from ~$1.9B, EPS $15.00-$16.00.
Raised cross-sell synergy target to $2.0B from $1.8B. $25M annualized cost cuts in EES implemented.
Free cash flow $293M in Q2 (141% of adj. net income); leverage 2.8x, lowest since Anixter merger.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WESCO INTERNATIONAL INC reported second quarter of 2023 results: revenue $5.7 billion, EPS $3.41. Guidance lowered.

Period: second quarter of 2023
Revenue: $5.7 billion
EPS: $3.41
Guidance: lowered
Result: reported results

Exact text from the filing

WESCO International, Inc. / 225 West Station Square Drive, Suite 700 / Pittsburgh, PA 15219 Wesco International Reports Record Second Quarter 2023 Results • Net sales a record $5.7 billion, up 5% YOY – Organic sales growth of 3% YOY • Operating profit of $364 million; operating margin of 6.3% – Adjusted EBITDA of $442 million, flat YOY; adjusted EBITDA margin of

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

WESCO INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0000929008-23-000017

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.