WESCO Intl Lowered FY24 Sales Growth Outlook To (1.5)% to 0.5% (From 1% To 4%), Adjusted EBITDA Margin To 7.0% To 7.3% (From 7.5% To 7.9%)
Portfolio Pulse from Benzinga Newsdesk
WESCO International has lowered its FY24 sales growth outlook to a range of -1.5% to 0.5%, down from the previous range of 1% to 4%. Additionally, the company has adjusted its EBITDA margin forecast to 7.0% to 7.3%, from the earlier range of 7.5% to 7.9%.
August 01, 2024 | 10:05 am
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WESCO International has revised its FY24 sales growth outlook downward to a range of -1.5% to 0.5%, from the previous 1% to 4%. The company also adjusted its EBITDA margin forecast to 7.0% to 7.3%, from 7.5% to 7.9%.
The downward revision in both sales growth and EBITDA margin forecasts indicates potential challenges in WESCO's business environment, which is likely to negatively impact investor sentiment and the stock price in the short term.
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