Financial Data and Key Metrics Changes - The company reported a return to sales growth in Q4 2024, with organic sales up 2% year-over-year, driven by a 70% increase in the global data center business and 20% growth in broadband [6][22] - Free cash flow for Q4 was $268 million, contributing to a record full-year free cash flow of over $1 billion, representing 154% of adjusted net income [10][47] - Adjusted earnings per share increased by 19% to $3.16 compared to the prior year [24] Business Line Data and Key Metrics Changes - Electrical and Electronic Solutions (EES) organic sales grew 1% in Q4, while Communications and Security Solutions (CSS) saw an 11% organic sales increase, primarily due to data center solutions [30][35] - Utility and Broadband Solutions (UBS) experienced a 6% decline in organic sales for Q4, with reported sales down 17% due to the divestiture of the integrated supply business [43][46] Market Data and Key Metrics Changes - The utility market faced headwinds from customer destocking and lower project activity, with expectations for recovery in the second half of 2025 [44][54] - Canadian broadband business showed strong growth, with sales up over 20% in Q4 [45] Company Strategy and Development Direction - The company aims for organic sales growth of 2.5% to 6.5% in 2025, with a focus on margin expansion across all business units [14][55] - Strategic acquisitions, including the purchase of Ascent, are intended to enhance service offerings and support growth in the data center space [13][42] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in a recovery for the utility vertical in the second half of 2025, supported by new customer wins and strong secular growth trends [76] - The company anticipates continued growth in the data center business, which is expected to drive overall sales and margin improvements [16][128] Other Important Information - The company plans to increase its common stock dividend by 10% in 2025, reflecting a commitment to returning value to shareholders [15][64] - The company has reduced net debt by $431 million and repurchased $425 million of shares in 2024 [14][68] Q&A Session Summary Question: Confidence in utility vertical recovery - Management highlighted new customer wins and discussions with utility customers as reasons for confidence in recovery in the second half of 2025 [74][76] Question: Gross margin expectations - Management confirmed expectations for gross margins to increase slightly throughout 2025, driven by higher supplier volume rebates [78][80] Question: SG&A and incentive compensation - Management clarified that SG&A is expected to increase sequentially due to merit increases and incentive compensation adjustments [92][93] Question: Ascent acquisition sales contribution - Management indicated that Ascent had run rate sales of about $115 million per year and contributed significantly to Q4 growth [158] Question: Sales cadence and project timing - Management explained that Q1 sales are expected to be light, with recovery anticipated in the second half of the year, primarily driven by utility growth [150][151]

Wesco International (WCC) reported $5.5 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 0.5%. EPS of $3.16 for the same period compares to $2.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.42 billion, representing a surprise of +1.52%. The company delivered an EPS surprise of -1.86%, with the consensus EPS estimate being $3.22.While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Wesco International (WCC) came out with quarterly earnings of $3.16 per share, missing the Zacks Consensus Estimate of $3.22 per share. This compares to earnings of $2.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.86%. A quarter ago, it was expected that this maker of electrical and industrial maintenance supplies and construction materials would post earnings of $3.22 per share when it actually produced earnings of $3 ...

NEWS RELEASE WESCO International, Inc. / 225 West Station Square Drive, Suite 700 / Pittsburgh, PA 15219 Wesco International Reports Fourth Quarter and Full Year 2024 Results PITTSBURGH, February 11, 2025 /PR Newswire/ -- 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 2024. "We are pleased with our return to sales growth in the fourth quarter sparked by more t ...

Wall Street analysts expect Wesco International (WCC) to post quarterly earnings of $3.22 per share in its upcoming report, which indicates a year-over-year increase of 21.5%. Revenues are expected to be $5.42 billion, down 1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's ea ...

The market expects Wesco International (WCC) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key n ...

PITTSBURGH, Jan. 21, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its fourth quarter 2024 earnings conference call on Tuesday, February 11 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation and a replay of the webcast will be available.Wesco will also be participating in the Raymond James Institutional Investor Conference on March 4 ...

Dublin, Dec. 04, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: WESCO, International, Inc. - 2024" company profile has been added to ResearchAndMarkets.com's offering. The report provides insights into the company's tech activities, including its digital transformation strategies, its innovation programs, its technology initiatives, and acquisitions. The report provides information and insights into WESCO's tech activities, including: Insights of its digital transformation strategies and i ...

WESCO International (WCC) has reported third-quarter 2024 adjusted earnings of $3.58 per share, down 20.3% year over year. The bottom line beat the Zacks Consensus Estimate by 11.18%.WCC’s earnings beat the Zacks Consensus Estimate in one of the trailing four quarters, missing the same in the remaining three quarters, the average negative surprise being 8.34%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Net sales of $5.489 billion fell 2.7% year over year. The figure beat the Zacks ...

Financial Performance - Net sales for the first nine months of 2024 decreased by $592.7 million, or 3.5%, compared to the same period in 2023, primarily due to a volume decline of approximately 3%[96] - Income from operations for the first nine months of 2024 was $922.1 million, a decrease of $168.6 million, or 15.5%, compared to $1,090.7 million in the prior year[96] - Net sales for the third quarter of 2024 were $5.5 billion, a decrease of 2.7% from $5.6 billion in the third quarter of 2023[102] - Organic sales for the third quarter of 2024 declined by 0.6%, reflecting an estimated 2% decline in volume, driven by decreases in the EES and UBS segments[102] - Net income for Q3 2024 was $189.9 million, down from $219.0 million in Q3 2023, with diluted earnings per share of $3.81 compared to $4.20[110] - Adjusted EBITDA for Q3 2024 was $398.1 million, a decrease of $58.9 million, or 12.9%, year-over-year, primarily due to a $155.0 million decrease in net sales[111] - Net income for the first nine months of 2024 was $509.1 million, or $10.02 per diluted share, down from $580.5 million, or $11.08 per diluted share in 2023[135] - Adjusted net income attributable to common stockholders for the three months ended September 30, 2024, was $178.1 million, down from $234.4 million in the same period of 2023[125] Costs and Expenses - Cost of goods sold for the third quarter of 2024 was $4.3 billion, with a cost of goods sold percentage of 77.9%, down from 78.4% in the third quarter of 2023[103] - SG&A expenses for Q3 2024 totaled $831.1 million, an increase of $34.7 million, or 4.4%, compared to Q3 2023, representing 15.1% of net sales[104] - SG&A expenses increased by $43.1 million, or 1.8%, totaling $2,488.9 million for the first nine months of 2024, with SG&A as a percentage of net sales rising to 15.3% from 14.5% in 2023[129] - Digital transformation costs for the three months ended September 30, 2024, were $5.4 million, down from $12.9 million in the same period of 2023[123] - Digital transformation costs for the nine months ended September 30, 2024, amounted to $25.1 million, down from $36.1 million in the same period of 2023[156] Taxation - The provision for income taxes increased to $69.3 million in Q3 2024, resulting in an effective tax rate of 25.3%, up from 15.9% in Q3 2023[109] - Provision for income taxes for the three months ended September 30, 2024, was $69.3 million, an increase from $44.3 million in the same period of 2023[123][125] - The provision for income taxes was $188.1 million for the first nine months of 2024, resulting in an effective tax rate of 25.4%, up from 20.4% in the prior year[134] Divestitures and Business Changes - The divestiture of the WIS business negatively impacted net sales by 3.5% for the third quarter of 2024[100] - The company completed the sale of its integrated supply business on April 1, 2024, which contributed to the financial results for the first nine months of 2024[96] - Other non-operating income for Q3 2024 was $24.9 million, compared to an expense of $3.7 million in Q3 2023, including a gain of $19.3 million from the divestiture of the WIS business[107] Liquidity and Debt - As of September 30, 2024, the company had $1.2 billion in total available borrowing capacity under its Revolving Credit Facility[99] - As of September 30, 2024, the company had approximately $1.7 billion in liquidity, consisting of $1.2 billion in available borrowing capacity and $370.0 million in cash[154] - Total debt as of September 30, 2024, was $5,073.2 million, down from $5,364.6 million as of December 31, 2023[156] - The financial leverage ratio as of September 30, 2024, was 2.9x, compared to 2.8x as of December 31, 2023[156] - The maximum borrowing limit of the Revolving Credit Facility is $1,725 million, with $485.0 million outstanding as of September 30, 2024[158] Operational Metrics - The company employed approximately 20,000 people and served nearly 150,000 customers worldwide, maintaining relationships with over 50,000 suppliers[92] - Net cash provided by operating activities for the first nine months of 2024 totaled $824.6 million, a significant increase from $423.9 million in the same period of 2023[158] - Capital expenditures for the first nine months of 2024 were $70.4 million, compared to $63.6 million in the same period of 2023, focusing on digital transformation initiatives[161] Segment Performance - Electrical & Electronic Solutions (EES) reported net sales of $2,151.2 million for Q3 2024, a decrease of $39.5 million, or 1.8%, with organic sales declining by 2.9%[113] - Communications & Security Solutions (CSS) net sales increased by $177.1 million, or 10.0%, to $1,955.1 million in Q3 2024, with organic sales growing by 8.5%[116] - Utility & Broadband Solutions (UBS) reported net sales of $1,383.1 million for Q3 2024, a decrease of $292.6 million, or 17.5%, with organic sales declining by 7.2%[117] - Electrical & Electronic Solutions (EES) reported net sales of $6,423.1 million for the first nine months of 2024, a decrease of $103.0 million, or 1.6%, with organic sales declining by 1.8%[137] - Communications & Security Solutions (CSS) reported net sales of $5,491.1 million for the first nine months of 2024, an increase of $130.2 million, or 2.4%, with organic sales growing by 2.0%[140] - UBS reported net sales of $4,404.9 million for the first nine months of 2024, a decrease of 12.3% compared to $5,024.8 million for the same period in 2023[141]