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Wesco Says 2024 Expectations Remain Consistent With Outlook Described In Q2 Earnings Report; Continues To Expect To Adjusted EPS Of $12 To $13, Est $12.18

Benzinga ·  Sep 26 18:08

Consistent with prior expectations, over the long term it expects to achieve mid-single-digit organic growth, driven by a strategic shift into higher growth and higher margin end markets along with continued share gains.

Over the same cycle, the company expects to grow EBITDA at twice the rate of sales, expand return on net assets, and target free cash flow of 100% of adjusted net income.

Wesco expects reported sales of (3.5)% to (1.5)% and organic sales growth of (1.5)% to 0.5% versus the prior year. The company continues to expect to deliver adjusted EBITDA of 7.0% to 7.3%, and adjusted EPS of $12 to $13.

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