secwatch.observer — SEC 8-K summary
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Issuer:     WESCO INTERNATIONAL INC (WCC)
CIK:        0000929008
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0000929008-24-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WESCO Q2 sales down 4.6% YoY, guides FY organic sales (1.5%)-0.5%, margins 7.0-7.3%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/929008/000092900824000020/0000929008-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/929008/000092900824000020/wcc-20240801.htm
  HTML page:      https://secwatch.observer/filing/0000929008-24-000020

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