Wesco – Wesco International Reports Second Quarter 2024 Results
- Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentially
- Second quarter operating profit of $324 million; operating margin of 5.9%
- Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentially
- Adjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOY
- Divestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024
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