Wesco international reports fourth quarter and full year 2023 results

Fourth quarter net sales down 2% yoy, organic sales down 3% fourth quarter operating profit of $316 million; operating margin of 5.8% adjusted ebitda margin of 7.0%, down 110 basis points sequentially and yoy full-year record net sales up 5% yoy, organic sales up 3%  full-year operating profit of $1.4 billion; operating margin of 6.3% adjusted ebitda margin of 7.6%, down 50 basis points yoy effectively managing financial leverage and revising target range to 1.5x-2.5x 2024 outlook is for sales growth of 1% to 4% and adjusted ebitda margin of 7.5% to 7.9% free cash flow of $600 - $800 million pittsburgh , feb. 13, 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 fourth quarter and full year 2023. "fourth quarter results were below our expectations, capping off a year that was unique in my time as wesco's ceo.
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