Wesco Files Form 8-K on New Investor Presentation Including Q3 Update

Wesco today filed a Form 8-K with the SEC for a new investor presentation with a third quarter update and details behind their growth from Pre-Merger at $8.4B Sales to its new higher growth company as Wesco+Anixter with sales in 2022 of $21.4B. 
Wesco’s Q3 Update today:
  • QTD Sales per workday tracking to expectations, up ~4% YoY
  • Book-to-bill at end of Aug 2023 > 1.0
  • Outlook unchanged; Q3 sales expected to be down sequentially over Q2
  • Share buyback: repurchased ~$50M of common stock in Aug
  • Debt paydown: expect to be around mid-point of leverage target range at end of Q3