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Wesco to Announce Strategic Vision and Financial Goals at 2024 Investor Day
Prnewswire· 2024-09-26 10:00
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. and online today at 9 a.m. Central Time. Wesco will share an update on its digitally enabled business transformation and expansive capabilities to support long-term growth and margin expansion. Consistent with prior expectations, over the long term it expects to achieve mid-sing ...
WESCO: Weak Demand Outlook
Seeking Alpha· 2024-09-18 15:38
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Wesco Declares Quarterly Dividend on Common Stock and Preferred Stock
Prnewswire· 2024-08-29 20:45
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. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetua ...
WESCO (WCC) Q2 Earnings Lag Estimates, Revenues Dip Y/Y
ZACKS· 2024-08-02 17:06
WESCO International (WCC) reported second-quarter 2024 adjusted earnings of $3.21 per share, down 13.5% year over year. The bottom line lagged the Zacks Consensus Estimate by 7.76%. Net sales of $5.48 billion fell 4.6% year over year. The figure missed the Zacks Consensus Estimate by 1.48%. Organic sales declined 0.8% year over year. Top-Line Details EES (39.7% of Net Sales): Sales in the segment were $2.17 billion, down 1.2% year over year. Organic sales declined 0.6% year over year. CSS (34.1% of Net Sale ...
WESCO International(WCC) - 2024 Q2 - Earnings Call Transcript
2024-08-01 20:35
WESCO International, Inc. (NYSE:WCC) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Scott Gaffner - Senior Vice President of Investor Relations John Engel - Chairman, President, and CEO Dave Schulz - EVP and CFO Conference Call Participants Deane Dray - RBC Capital Markets Sam Darkatsh - Raymond James Tommy Moll - Stephens, Inc. David Manthey - Baird Ken Newman - KeyBanc Capital Markets Patrick Baumann - JPMorgan Nigel Coe - Wolfe Research Operator Hello, and welcome to WES ...
WESCO International(WCC) - 2024 Q2 - Quarterly Report
2024-08-01 20:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14989 WESCO International, Inc. (Exact name of registrant as specified in its charter) Delaware 25-1723342 (State or other juris ...
WESCO International(WCC) - 2024 Q2 - Earnings Call Presentation
2024-08-01 19:31
NYSE: WCC Second Quarter 2024 Webcast Presentation August 1, 2024 Forward-Looking Statements All statements made herein that are not historical facts should be considered as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. These statements include, but are not limited to, statements regarding business strategy, growth str ...
Wesco International (WCC) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-01 14:36
For the quarter ended June 2024, Wesco International (WCC) reported revenue of $5.48 billion, down 4.6% over the same period last year. EPS came in at $3.21, compared to $3.71 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $5.56 billion, representing a surprise of -1.48%. The company delivered an EPS surprise of -7.76%, with the consensus EPS estimate being $3.48. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...
Wesco International (WCC) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 12:10
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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -7.76%. A quarter ago, it was expected that this maker of electrical and industrial maintenance supplies and construction materials would post earnings of $2.46 per share when it actually produced earnings of $ ...
WESCO International(WCC) - 2024 Q2 - Quarterly Results
2024-08-01 10:02
NEWS RELEASE WESCO International, Inc. / 225 West Station Square Drive, Suite 700 / Pittsburgh, PA 15219 Wesco International Reports Second Quarter 2024 Results • 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 • ...