earnings
confidence high
sentiment negative
materiality 0.80
WESCO Q2 sales down 4.6% YoY, guides FY organic sales (1.5%)-0.5%, margins 7.0-7.3%
WESCO INTERNATIONAL INC
2024-Q2 EPS reported
$6.22
revenue$10,829,700,000
- Q2 net sales $5.5B (-4.6% YoY); organic sales -0.8% YoY.
- Adjusted EPS $3.21 vs $3.71 YoY (-13.5%); includes $300M share repurchases from WIS divestiture proceeds.
- Full-year outlook lowered: organic sales growth (1.5%) to 0.5%; Adj. EBITDA margin 7.0%-7.3%.
- Operating cash flow H1 $522.5M; free cash flow $497.3M.
- Backlog -10% YoY; AI data center up double-digits offset by utility customer slowdown.