WESCO

WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, communications maintenance, repair and operating, and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls, and motors. The company operates through the following segments: Electrical & Electronic, Communications & Security, and Utility & Broadband Solutions. The Electrical & Electronic Solutions segment supplies a broad range of products and supply chain solutions primarily to the construction, industrial and original equipment manufacturer markets. The Communications & Security Solutions segment supplies products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail. The Utility & Broadband Solutions segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The company was founded in 1993 and is headquartered in Pittsburgh, PA.

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

WESCO reports stellar 2022 performance, eyes growth amid challenges

WESCO's exceptional 2022 performance showcased record sales, margin, and profitability, with strong organic growth and strategic acquisitions driving future growth. While facing challenges like margin pressures and economic uncertainties, the company is well-positioned to capitalize on opportunities from infrastructure spending and digital transformation. Overall, WESCO's focus on margin expansion and cross-selling bodes well for sustained growth.

WESCO (WCC) reports record Q1 performance and eyes growth opportunities

WESCO anticipates strong growth in 2023 with margin expansion and cash flow generation.
Efforts to reduce debt leverage and optimize inventory management are key focus areas.
Digital investments and secular trends are driving growth opportunities in the UBS segment.
Despite challenges like unexpected costs, WESCO's performance and outlook remain positive.

WESCO reports mixed Q2 results, eyes growth amid pricing challenges

WESCO faced sales challenges in Q2 but showed strength in CSS and UBS businesses.
Maintained stable margins and strong free cash flow, with a focus on digital transformation.
Opportunities lie in improving EES performance, positive pricing trends, and enhanced cash generation post-merger.
Challenges include pricing expectations, extended lead times, and evaluating debt repayment options.

WESCO reports robust Q3 results, eyes growth in key segments

WESCO's Q3 performance reflected resilience and growth potential despite margin challenges and market softness in certain segments.
Strategic investments, debt reduction, and focus on inventory management position WESCO for sustained free cash flow generation and shareholder returns.
The company's strong sales, synergies, and leadership in key business segments signal a positive outlook for future growth and profitability.

WESCO reports disappointing Q4 results, eyes growth through digital transformation

WESCO's Q4 2023 fell short of expectations, but full-year revenue grew by 5%. The company aims to outperform in 2024 with a focus on digital transformation. Management is refining strategies amidst disappointing results and tough comparisons ahead.

WESCO reports solid Q1 performance, eyes data center growth

WESCO's Q1 performance met expectations with record free cash flow and reduced net debt. Challenges include lower organic sales and gross margin, offset by strong cash flow generation.
Strengths lie in consistent cash flow, divestiture of Integrated Supply business, and focus on data center growth. Opportunities include increased free cash flow outlook and potential in data center projects.
Maintaining outlook for full-year performance, WESCO is well-positioned for growth in data centers and utility sectors. Focus on inventory management and digital transformation to drive efficiency.

WESCO reports mixed Q2 results, focuses on long-term growth

WESCO's Q2 performance was mixed, with sales slightly below expectations but strong free cash flow generation and growth in key business segments.
The company faces challenges in the current economic environment and customer delays, leading to a revised full-year outlook.
Despite these challenges, WESCO's strategic strengths in acquisitions, financial performance, and market outperformance position it well for long-term growth.
Opportunities lie in continued M&A activity, market expansion, and investor communication to drive future growth and value creation.

WESCO reports robust Q3 sales driven by data center growth

WESCO delivered a strong performance in Q3 with robust sales, stable EBITDA margins, and strong free cash flow generation. While facing challenges in certain business segments, the company remains focused on value creation and operational enhancements. Opportunities lie in the data center business growth and ongoing digital transformation efforts.

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WESCO International, Inc. engages in providing business-to-business distribution, logistics services, and supply chain solutions. It operates through the following segments: Electrical and Electronic Solutions (EES), Communications and Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies a broad range of products and supply chain solutions primarily to the construction, industrial, and original equipment manufacturer markets. The CSS segment offers products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail. The UBS segment provides electrical transmission and distribution products, power plant maintenance, repair and operations supplies, and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The company was founded in 1993 and is headquartered in Pittsburgh, PA.

Wesco missed sales expectations in Q4, and suffered an even bigger miss on earnings. Management forecasts a return to sales growth in 2024.

Why Wesco International Stock Just Crashed 23%

The headline numbers for Wesco International (WCC) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Wesco International (WCC) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

Wesco International (WCC) came out with quarterly earnings of $2.65 per share, missing the Zacks Consensus Estimate of $3.80 per share. This compares to earnings of $4.13 per share a year ago.

Wesco International (WCC) Lags Q4 Earnings and Revenue Estimates

Fourth quarter net sales down 2% YOY, organic sales down 3% Fourth quarter operating profit of $316 million; operating margin of 5.8% Adjusted EBITDA margin of 7.0%, down 110 basis points sequentially and YOY Full-year record net sales up 5% YOY, organic sales up 3%  Full-year operating profit of $1.4 billion; operating margin of 6.3% Adjusted EBITDA margin of 7.6%, down 50 basis points YOY Effectively managing financial leverage and revising target range to 1.5x-2.5x 2024 outlook is for sales growth of 1% to 4% and adjusted EBITDA margin of 7.5% to 7.9% Free cash flow of $600 - $800 million PITTSBURGH , Feb. 13, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the fourth quarter and full year 2023. "Fourth quarter results were below our expectations, capping off a year that was unique in my time as Wesco's CEO.

Wesco International Reports Fourth Quarter and Full Year 2023 Results

Beyond analysts' top -and-bottom-line estimates for Wesco International (WCC), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended December 2023.

Stay Ahead of the Game With Wesco International (WCC) Q4 Earnings: Wall Street's Insights on Key Metrics

PITTSBURGH , Jan. 29, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its fourth quarter and full year 2023 earnings conference call on Tuesday, February 13 at 10:00 a.m. ET. Dial-in details are below.

Wesco Announces Fourth Quarter and Full Year 2023 Earnings Call

WESCO's (WCC) third-quarter results reflect strong momentum across CSS and UBS business units. However, weakness in EES remains a concern.

WESCO (WCC) Q3 Earnings Beat Estimates, Revenues Rise Y/Y

WESCO International, Inc. (NYSE:WCC ) Q3 2023 Earnings Conference Call November 2, 2023 10:00 AM ET Company Participants Scott Gaffner - SVP, IR John Engel - Chairman, President and CEO David Schulz - EVP and CFO Conference Call Participants Deane Dray - RBC Capital Markets Sam Darkatsh - Raymond James Nigel Coe - Wolfe Research David Manthey - Baird Katie Fleischer - KeyBanc Patrick Baumann - JPMorgan Operator Hello, and welcome to WESCO's Third Quarter Earnings Call. I would like to remind you that all lines are in listen-only mode throughout the presentation.

WESCO International, Inc. (WCC) Q3 2023 Earnings Conference Call Transcript

Although the revenue and EPS for Wesco International (WCC) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wesco International (WCC) Reports Q3 Earnings: What Key Metrics Have to Say

Net sales of $5.6 billion, up 4% YOY Organic sales growth of 3% YOY Operating profit of $381 million; operating margin of 6.7% Adjusted EBITDA of $457 million; adjusted EBITDA margin of 8.1%, up 40 basis points sequentially Gross margin of 21.6%, flat sequentially Earnings per diluted share of $4.20 Adjusted earnings per diluted share of $4.49, flat YOY Operating cash flow of $362 million Free cash flow of $357 million; 143% of adjusted net income Leverage of 2.7x; at lowest level since the Anixter merger in June of 2020 and below the midpoint of target range PITTSBURGH , Nov. 2, 2023 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the third quarter of 2023. "We generated very strong free cash flow of $357 million, or 143% of adjusted net income, in the third quarter highlighting the strength of our B2B distribution business model.

Wesco International Reports Third Quarter 2023 Results

Wesco International (WCC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Wesco International (WCC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

PITTSBURGH , Oct. 16, 2023 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its 2023 third quarter earnings conference call on Thursday, November 2, at 10:00 a.m. ET. Dial-in details are below.

Wesco Announces 2023 Third Quarter Earnings Call

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WESCO International is benefiting from long-term secular growth in utility, data center, security, and industrial sectors. Supply chain issues are improving, but challenges in the electrical product line will continue in Q3. WCC's cash flows have increased, and it plans to use them for stock buybacks, making it a reasonable investment with moderate returns.

WESCO International Holds It Steady Despite The Cracks (Rating Downgrade)

WESCO's (WCC) second-quarter results reflect strong momentum across CSS and UBS business units. However, weakness in EES remains a concern.

WESCO (WCC) Q2 Earnings Miss Estimates, Sales Increase Y/Y

Although the revenue and EPS for Wesco International (WCC) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, Wesco International (WCC) Q2 Earnings: A Look at Key Metrics

Wesco beat on sales but missed on earnings, citing ongoing restocking issues in the electrical component market. The company also lowered its full-year expectations.

Why Wesco International Stock Is Falling Today

Wesco International (WCC) came out with quarterly earnings of $3.71 per share, missing the Zacks Consensus Estimate of $4.46 per share. This compares to earnings of $4.19 per share a year ago.

Wesco International (WCC) Q2 Earnings and Revenues Lag Estimates

Net sales a record $5.7 billion, up 5% YOY Organic sales growth of 3% YOY Operating profit of $364 million; operating margin of 6.3% Adjusted EBITDA of $442 million, flat YOY; adjusted EBITDA margin of 7.7% Gross margin of 21.6%, down 10 basis points YOY Earnings per diluted share of $3.41 Adjusted earnings per diluted share of $3.71, down 11% YOY Operating cash flow of $318 million Free cash flow of $293 million; 141% of adjusted net income Leverage of 2.8x; at lowest level since the Anixter merger in June of 2020 PITTSBURGH , Aug. 3, 2023 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the second quarter of 2023. "The power of our portfolio and mix-shift into higher-growth markets is clear in our record second quarter sales.

Wesco International Reports Record Second Quarter 2023 Results

PITTSBURGH , July 11, 2023 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its 2023 second quarter earnings conference call on Thursday, August 3 at 10 a.m. ET. Dial-in details are below.

Wesco Announces 2023 Second Quarter Earnings Call

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PITTSBURGH , June 22, 2023 /PRNewswire/ --  Wesco International (NYSE: WCC) On June 22, Wesco hosted inaugural Day of Caring events for employees at sites around the globe to celebrate its commitment to communities and achieving its goal of 100 home builds with Habitat for Humanity. The company's Day of Caring events encouraged employees to give back to the community and learn about local volunteer opportunities.

Wesco Commemorates Inaugural Day of Caring and Celebrates Achieving Goal of 100 Home Builds with Habitat for Humanity

PITTSBURGH , June 12, 2023 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) announces the election of Glynis A. Bryan to its Board of Directors, effective September 1, 2023, consistent with its long-standing commitment to ongoing Board refreshment.

Wesco International Announces Election of Glynis Bryan to Board of Directors

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NEW YORK , June 2, 2023 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Tuesday, June 20, to coincide with the quarterly rebalance. The U.S. equity markets will be closed on Monday, June 19 in observance of the Juneteenth holiday.

News for WESCO Stock (WCC)