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wesco WESCO International , Inc. Reports Second Quarter 2021 Results August 5 , 2021 12:00 PM EDT • Net sales of $ 4.6 billion , up more than double due to the Anixter merger • • Up 24 % YOY on a pro forma basis 。 Up 14 % sequentially on a reported basis o Record backlog as of June 30 , 2021 Operating profit of $ 218.9 million ; operating margin of 4.8 % • Gross margin of 21.0 % , up 210 basis points YOY and up 90 basis points sequentially 。 Adjusted operating profit of $ 261.6 million ; adjusted operating margin of 5.7 % , up 150 basis points YOY • Adjusted EBITDA of $ 309.2 million ; adjusted EBITDA margin of 6.7 % , up 130 basis points YOY • Net income attributable to common stockholders of $ 104.8 million 。 Adjusted net income attributable to common stockholders of $ 137.2 million , up 145 % YOY Earnings per diluted share of $ 2.02 • • Adjusted earnings per diluted share of $ 2.64 , up 98 % YOY • . Leverage of 4.5x ; improvement of 0.4x sequentially and 1.2x one year post - close of the Anixter merger • Trailing twelve months pro forma adjusted EBITDA of $ 989.1 million Raising 2021 outlook for adjusted earnings per diluted share to a range of $ 8.40 to $ 8.80 • Raising three - year integration cost synergy target from $ 250 million to $ 300 million PITTSBURGH -- ( BUSINESS WIRE ) -- WESCO International , Inc. ( NYSE : WCC ) , a leading provider of business - to - business distribution , logistics services , and supply chain solutions , announces its results for the second quarter of 2021 . John Engel , Chairman , President and CEO , said , " We had an exceptional quarter and delivered outstanding results across the board . Just one year after closing the transformational combination of WESCO and Anixter , the substantial value creation of the new WESCO is clear and powerful . Our second quarter results speak for themselves . We're capitalizing on our scale and leading industry positions , while generating significant integration synergies at a pace exceeding our initial expectations . Our margin performance and backlog are records for the company . And we are de - levering our balance sheet at a rapid rate . We are still in the early stages of unlocking the power and performance of this new WESCO . From our distribution center associates to the branch level staff and across our three business units and corporate functions , our team has done a terrific job partnering with our suppliers to provide resilient supply chain solutions to our customers . I want to thank every one of them for their outstanding work and continuing commitment to make WESCO the leader in serving our global customer community . " Mr. Engel continued , " We are seeing accelerating sales and margin momentum in each of our strategic business units driven by three factors : the continuing economic recovery , our significantly increased scale , and our mix - shift into higher growth markets . At the same time , we are executing our extensive and comprehensive integration program at a pace and scale that is exceeding our initial expectations . Based on our strong second quarter results , we are raising our full year 2021 outlook for sales , margin and profitability for the second time this year . We now expect sales to increase 10 % to 13 % , adjusted EBITDA margin to expand to between 6.1 % and 6.4 % , and adjusted EPS to grow to a range of $ 8.40 to $ 8.80 . In addition , we are raising both our expected cost synergy benefit , from $ 250 million to $ 300 million by the end of 2023 , and more importantly the assumed sales benefit from cross selling , from 1 % to 3 % cumulatively , also by the end of 2023. Finally , we are accelerating the timeline to return to our target leverage ratio range of 2.0x to 3.5x to the second half of 2022 , six months to one year earlier than our original guidance . " Mr. Engel added , " We are on a journey with a new mission statement to build , connect , power and protect the world . One year into this journey , we are confident that the results we are seeing are just the beginning of the value creation opportunity that the new WESCO represents . Our dramatically increased scale and expanded portfolio position us well to capitalize on the secular growth trends that will sustain the current economic recovery and be foundational for the global economy in the years ahead . The value creation potential of WESCO plus Anixter has started to emerge , but we have only just begun . " The following are results for the three months ended June 30 , 2021 compared to the three months ended June 30 , 2020. The Company completed the merger with Anixter on June 22 , 2020 , thereby impacting comparisons to the prior year quarter . • Net sales were $ 4.6 billion for the second quarter of 2021 compared to $ 2.1 billion for the