Profile
Sector:
IndustrialsIndustry:
Industrial DistributionCountry:
United StatesIPO:
12 May 1999Website:
http://www.wesco.comNext earnings report:
13 February 2025Last dividends:
13 September 2024Next dividends:
N/APrice
regular market | 1 min agoAnalysts recommendations
Institutional Ownership
Included in screeners
WCC Latest News
WCC's third-quarter 2024 results reflect challenges in the EES and UBS segments. Robust data center growth and new contracts are tailwinds.
WESCO International, Inc. (NYSE:WCC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Scott Gaffner – Senior Vice President-Investor Relations John Engel – President and Chief Executive Officer Dave Schulz – Executive Vice President and Chief Financial Officer Conference Call Participants Nigel Coe – Wolfe Research Sam Darkatsh – Raymond James David Manthey – Baird Deane Dray – RBC Capital Markets Christopher Glynn – Oppenheimer Ken Newman – KeyBanc Capital Markets Patrick Baumann – JPMorgan Operator Hello, and welcome to WESCO's 2024 Third Quarter Earnings Call. I'd like to remind you that all lines are in a listen-only mode throughout the presentation.
Wesco International (WCC) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $4.49 per share a year ago.
PITTSBURGH , Oct. 14, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its third quarter 2024 earnings conference call on Thursday, October 31 at 10:00 a.m. ET. Dial-in details are below.
PITTSBURGH , Sept. 26, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), will provide an update regarding its long-term growth strategy at its Investor Day meeting taking place in-person at its innovation center in Glenview, Ill.
WESCO International's results have consistently missed expectations, driven by weak demand and significant headwinds in its business portfolio, particularly in the utilities segment. Valuations are near long-term averages, but shrinking earnings growth expectations pose downside risks, despite slightly re-rated 1-year fwd P/E multiples. Technical analysis suggests further downside, albeit slowly, before bullish reversals.
PITTSBURGH , Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE: WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024.
WESCO's (WCC) second-quarter 2024 results reflect sluggishness in the EES and UBS segments.
While the top- and bottom-line numbers for Wesco International (WCC) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentially Second quarter operating profit of $324 million; operating margin of 5.9% Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentially Adjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOY Divestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024 Utilized net proceeds to complete $300 million of share repurchases Operating cash flow of $523 million for the first six months of 2024 PITTSBURGH , Aug. 1, 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 second quarter of 2024. "Our second quarter results were somewhat below our expectations for a low single-digit decline in reported sales against a continued mixed and multi-speed economic environment.
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What type of business is WESCO International?
WESCO International, Inc. is a distributor of products and provider of logistics and supply chain management services for industrial, construction, utility markets, as well as for commercial, institutional, and government customers. The company offers services for maintenance, repair, and operations (MRO) of electrical, industrial, and communication systems, original equipment manufacturer (OEM) products, construction materials, as well as logistics and supply chain management services. WESCO International, Inc. was founded in 1922, headquartered in Pittsburgh, Pennsylvania.
What sector is WESCO International in?
WESCO International is in the Industrials sector
What industry is WESCO International in?
WESCO International is in the Industrial Distribution industry
What country is WESCO International from?
WESCO International is headquartered in United States
When did WESCO International go public?
WESCO International initial public offering (IPO) was on 12 May 1999
What is WESCO International website?
https://www.wesco.com
Is WESCO International in the S&P 500?
No, WESCO International is not included in the S&P 500 index
Is WESCO International in the NASDAQ 100?
No, WESCO International is not included in the NASDAQ 100 index
Is WESCO International in the Dow Jones?
No, WESCO International is not included in the Dow Jones index
When was WESCO International the previous earnings report?
No data
When does WESCO International earnings report?
The next expected earnings date for WESCO International is 13 February 2025