WCC Stock Recent News

PITTSBURGH , Oct. 31, 2024 /PRNewswire/ -- Wesco International  (NYSE:WCC) today announced it has entered a definitive agreement to acquire Ascent LLC., a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185 million.

While the top- and bottom-line numbers for Wesco International (WCC) give a sense of how the business performed in the quarter ended September 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 $3.58 per share, beating the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $4.49 per share a year ago.

Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestiture Organic sales down 0.6% YOY and up 0.1% sequentially Third quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentially Adjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023 Reaffirming full-year outlook PITTSBURGH , Oct. 31, 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 third quarter of 2024. "We had a strong close to our third quarter, with sales slightly up compared to the second quarter driven by accelerating momentum in our Communications and Security Solutions segmen

Wesco International (WCC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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.