---
schema_version: "secwatch.filing_event.v1"
accession: "0000929008-24-000003"
form_type: "8-K"
ticker: "WCC"
cik: "0000929008"
company_name: "WESCO INTERNATIONAL INC"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T04:02:52.921923+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Wesco Q4 operating profit down 17% YoY; revenue miss; announces dividend hike and revised leverage target

## Summary
- Q4 net sales $5.5B (-1.5% YoY); organic sales down 2.6%; adjusted EPS $2.65 vs $4.13 prior year.
- Full year 2023 sales $22.4B (+4.5% YoY); adjusted EBITDA margin 7.6%, down 50 bps.
- 2024 outlook: sales growth 1-4%, adj EBITDA margin 7.5-7.9%, free cash flow $600-800M.
- Board approves 10% dividend increase to $1.65/share annual; leverage target range revised to 1.5x-2.5x.
- CEO calls Q4 disappointing; cites project delays, mixed sector demand; backlog stable vs Sept.

## SEC filing metadata
- accession: 0000929008-24-000003
- form_type: 8-K
- ticker: WCC
- cik: 0000929008
- company_name: WESCO INTERNATIONAL INC
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/929008/000092900824000003/0000929008-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/929008/000092900824000003/wcc-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000929008-24-000003
- JSON: https://secwatch.observer/filing/0000929008-24-000003.json
- Plain text: https://secwatch.observer/filing/0000929008-24-000003.txt

## Key facts
- Earnings Releases
  WESCO INTERNATIONAL INC updated its the year ended December 31, 2023 guidance (initiated).
  - Period: the year ended December 31, 2023
  - Guidance: initiated
  - Result: reported results
  source text: On February 13, 2024, WESCO International, Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and full year 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/929008/000092900824000003/0000929008-24-000003-index.htm
- Earnings Releases
  WESCO INTERNATIONAL INC reported the three months ended December 31, 2023 results: revenue $5.5 billion. Guidance initiated.
  - Period: the three months ended December 31, 2023
  - Revenue: $5.5 billion
  - Guidance: initiated
  - Result: reported results
  source text: Net sales were $5.5 billion for the fourth quarter of 2023 compared to $5.6 billion for the fourth quarter of 2022
  evidence_url: https://www.sec.gov/Archives/edgar/data/929008/000092900824000003/0000929008-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.