Wesco – Wesco International Reports Third Quarter 2023 Results

WESCO

  • Net sales of $5.6 billion, up 4% YOY
    • Organic sales growth of 3% YOY
  • Operating profit of $381 million; operating margin of 6.7%
    • Adjusted EBITDA of $457 million; adjusted EBITDA margin of 8.1%, up 40 basis points sequentially
    • Gross margin of 21.6%, flat sequentially
  • Earnings per diluted share of $4.20