Wesco international reports third quarter 2023 results

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 adjusted earnings per diluted share of $4.49, flat yoy operating cash flow of $362 million free cash flow of $357 million; 143% of adjusted net income leverage of 2.7x; at lowest level since the anixter merger in june of 2020 and below the midpoint of target range pittsburgh , nov. 2, 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 third quarter of 2023. "we generated very strong free cash flow of $357 million, or 143% of adjusted net income, in the third quarter highlighting the strength of our b2b distribution business model.
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