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 utilized net proceeds to complete $300 million of share repurchases operating cash flow of $523 million for the first six months of 2024 pittsburgh , aug. 1, 2024 /prnewswire/ -- wesco international (nyse: wcc), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the second quarter of 2024. "our second quarter results were somewhat below our expectations for a low single-digit decline in reported sales against a continued mixed and multi-speed economic environment.
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