WESCO Int'l (WCC) Tops Q3 EPS by 29c, Revenues Beat
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WESCO International, Inc. Reports Third Quarter 2020 Results
November 5, 2020 6:00 AM ESTThird quarter summary:
Net sales of $4.1 billion, up 93% due to the Anixter merger Operating profit of $178.1 million; operating margin of 4.3% Adjusted operating profit of $200.5 million; adjusted operating margin of 4.8% Earnings per diluted share of $1.31 Adjusted earnings per diluted share of $1.66 Operating cash flow of $286.3 million Free cash flow of $307.4 million, or 315% of adjusted net income Leverage of 5.3x; improved 0.4x sequentially Net debt... More