Wesco reports Q2 adjusted EPS $3.71, consensus $4.05

Reports Q2 revenue $5.75B, consensus $5.4B. “The power of our portfolio and mix-shift into higher-growth markets is clear in our record second quarter sales. Continued strong growth and record sales in our CSS and UBS businesses more than offset a quarterly drop in our EES business that was largely the result of unprecedented supply chain rebalancing in the electrical industry and select weakness in certain sectors including commercial construction and manufactured structures. Our long-term secular growth drivers remain intact and are reflected in the continued sales growth in utility, data centers, security, and industrial sectors. On the strength of our industry leading customer value proposition, strong cross-sell execution continued in the quarter, and we’re raising our sales synergy target from $1.8 billion to $2.0 billion,” said John Engel, chairman, president and CEO.