earnings
confidence high
sentiment neutral
materiality 0.70
Wesco Q3: GAAP EPS $3.81, adjusted $3.58; organic sales down 0.6% YoY, operating margin 6.1%
WESCO INTERNATIONAL INC
2024-Q3 EPS reported
$10.02
revenue$16,319,100,000
- Net sales $5.5B, down 2.7% YoY; organic sales down 0.6% YoY but up 0.1% sequentially.
- GAAP EPS $3.81; adjusted EPS $3.58, down 20.3% YoY. Operating profit $336M, margin 6.1%.
- Adjusted EBITDA margin 7.3%, down 80bps YoY, flat sequentially. Gross margin 22.1%, up 50bps YoY.
- Operating cash flow $302M Q3, $825M YTD (up from $424M YTD 2023). Free cash flow $280M Q3.
- Reaffirming full-year outlook; data center double-digit growth; leverage 2.9x; $25M share repurchase.