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Stock impact report

Wesco International Reports Second Quarter 2022 Results

WESCO International, Inc. (WCC) 
Last wesco international, inc. earnings: 4/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: wesco.investorroom.com
Company Research Source: Business Wire
Record net sales of $5.5 billion, up 19% YOYOrganic sales growth of 21%Record backlog as of June 30, 2022, up more than 80% YOY and up approximately 10% sequentiallyRecord operating profit of $371 million, up 69% YOY; operating margin of 6.8%, up 200 basis points YOYRecord gross margin of 21.7%, up 70 basis points YOY and up 40 basis points sequentiallyRecord adjusted operating profit of $388 million, up 48% YOY; record adjusted operating margin of 7.1%, up 140 basis points YOY and 70 basis points sequentiallyRecord adjusted EBITDA of $444 million, up 44% YOY; record adjusted EBITDA margin of 8.1%, up 140 basis points YOY and 70 basis points sequentiallyRecord earnings per diluted share of $3.95Adjusted earnings per diluted share of $4.19, up 59% YOY and 15% sequentiallyLeverage of 3.4x; decrease of 0.2x sequentiallyRaising 2022 outlook for adjusted earnings per diluted share to a range of $15.60 to $16.40, or up 55% to 65% versus prior year PITTSBURGH--(BUSINESS WIRE)--Wesco Inter Show less Read more
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