Wesco International Reports Fourth Quarter and Full Year 2023 Results
Backlog at the end of the fourth quarter of 2023 declined by 10% compared to the end of the fourth quarter of 2022.
- Backlog at the end of the fourth quarter of 2023 declined by 10% compared to the end of the fourth quarter of 2022.
- Net interest expense for the fourth quarter of 2023 was $97.0 million compared to $87.3 million for the fourth quarter of 2022.
- Other non-operating expense for the fourth quarter of 2023 was $10.5 million compared to $4.0 million for the fourth quarter of 2022.
- The effective tax rate for the fourth quarter of 2023 was 31.5% compared to 24.6% for the fourth quarter of 2022.