WESCO – WESCO International Reports Fourth Quarter and Full Year 2022 Results

February 14, 2023

Fourth quarter results:

 

  • Record net sales of $5.6 billion, up 15% YOY
    • Organic sales growth of 14% YOY and up 4% sequentially
  • Operating profit of $382 million; operating margin of 6.9%
    • Adjusted EBITDA of $451 million, up 41% YOY; adjusted EBITDA margin of 8.1%, up 150 basis points YOY
    • Gross margin of 21.9%, up 110 basis points YOY
  • Earnings per diluted share of $3.90
    • Adjusted earnings per diluted share of $4.13, up 30% YOY
    • …