Wesco international reports record second quarter 2023 results

Net sales a record $5.7 billion, up 5% yoy organic sales growth of 3% yoy operating profit of $364 million; operating margin of 6.3% adjusted ebitda of $442 million, flat yoy; adjusted ebitda margin of 7.7% gross margin of 21.6%, down 10 basis points yoy earnings per diluted share of $3.41 adjusted earnings per diluted share of $3.71, down 11% yoy operating cash flow of $318 million free cash flow of $293 million; 141% of adjusted net income leverage of 2.8x; at lowest level since the anixter merger in june of 2020 pittsburgh , aug. 3, 2023 /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 2023. "the power of our portfolio and mix-shift into higher-growth markets is clear in our record second quarter sales.
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