WESCO International-Wesco International Reports Second Quarter 2024 Results

Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentiallySecond quarter operating profit of $324 million; operating margin of 5.9%Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentiallyAdjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOYDivestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024Utilized net proceeds to complete$ 300 million of share repurchasesOperating cash flow of $523 million ...