secwatch.observer — SEC 8-K summary
======================================

Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000929008-23-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WESCO Q3 net sales $5.6B, up 4% YoY; adj. EPS $4.49 flat; leverage 2.7x; FY outlook tightened
--------------------------------------------------------------------------------

- Q3 net sales $5.6B (+4% YoY, organic +3%); gross margin 21.6% flat sequentially.
- Adj. EBITDA $457M (8.1% margin, +40bps seq); GAAP EPS $4.20, adj. EPS $4.49 (flat YoY).
- Operating cash flow $362M; free cash flow $357M (143% of adj. net income).
- Leverage ratio 2.7x, lowest since Anixter merger; raised cross-sell synergy target to $2.2B.
- FY23 guidance: net sales growth ~5% (low-end); EPS $15.60-$16.10 (up due to lower tax rate); FCF $500-$700M unchanged.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900823000021/0000929008-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900823000021/wcc-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000929008-23-000021

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