WCC Stock Recent News

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.

Wesco International (WCC) came out with quarterly earnings of $3.21 per share, missing the Zacks Consensus Estimate of $3.48 per share. This compares to earnings of $3.71 per share a year ago.

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.

Get a deeper insight into the potential performance of Wesco International (WCC) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

PITTSBURGH , July 11, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its second quarter 2024 earnings conference call on Thursday, August 1 at 10:00 a.m. ET. Dial-in details are below.

PITTSBURGH , July 2, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, has certified as a Great Place to Work® in the U.S. "We're particularly proud of this award, because the recognition comes directly from our employees," says Chris Wolf, Chief Human Resources Officer at Wesco. "We knew we had a great culture here, but we're honored to make it official with Great Place to Work certification.

PITTSBURGH , June 27, 2024 /PRNewswire/ -- On June 20, Wesco hosted its annual Day of Caring events for employees at numerous sites around the globe to celebrate its commitment to communities where we live and work and to announce the company's inaugural Wesco Cares Champion of the Year Award recipient. The company's Day of Caring events encouraged employees to give back to the community and learn about local opportunities to do so.

Wesco International (WCC) is the largest player in the electrical components distribution and services sector and is very profitable. Wesco International Preferred “A” , ticker WCC-A, sports a “qualified” 10.34% yield and its dividend resets in 1 year to a whopping 14.6% at current rates. Unfortunately, with such extraordinarily high yielding characteristics, WCC-A is extremely likely to be called in 1 year, but with a very high after-tax yield-to-call (YTC).

WESCO International (WCC) acquires entroCIM to boost its building intelligence software offerings.

PITTSBURGH , June 5, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, today announced it has completed the purchase of entroCIM, an innovator in data center and building intelligence software. The initial purchase price was $30 million with the opportunity for an additional earnout based on performance.