Core Insights - Wesco International reported revenue of $5.48 billion for the quarter ended June 2024, a decrease of 4.6% year-over-year, with EPS at $3.21 compared to $3.71 in the same quarter last year [1] - The reported revenue fell short of the Zacks Consensus Estimate of $5.56 billion, resulting in a surprise of -1.48%, while the EPS also missed the consensus estimate of $3.48 by -7.76% [1] Revenue Performance by Segment - Electrical & Electronic Solutions revenue was $2.17 billion, slightly below the average estimate of $2.20 billion, reflecting a year-over-year decline of -1.3% [3] - Utility & Broadband Solutions revenue reached $1.44 billion, missing the average estimate of $1.52 billion, marking a significant year-over-year decrease of -15% [4] - Communications & Security Solutions revenue was $1.87 billion, exceeding the average estimate of $1.83 billion, showing a year-over-year increase of +0.8% [5] Adjusted EBITDA Analysis - Adjusted EBITDA for Corporate was reported at -$119.10 million, better than the estimated -$124.62 million [6] - Adjusted EBITDA for UBS was $173.50 million, slightly below the average estimate of $176.42 million [7] - Adjusted EBITDA for CSS was $150.80 million, significantly lower than the average estimate of $172.90 million [8] - Adjusted EBITDA for EES was $194.90 million, surpassing the average estimate of $190.71 million [9] Stock Performance - Shares of Wesco International have increased by +9.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a +1.1% change [9] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [9]

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 $ ...

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 mi ...

In its upcoming report, Wesco International (WCC) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting a decline of 6.2% compared to the same period last year. Revenues are forecasted to be $5.57 billion, representing a year-over-year decrease of 3.1%. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections ...

Great Place To Work® is the global authority on workplace culture, employee experience, and the leadership behaviors proven to deliver market-leading revenue, employee retention and increased innovation. It recently conducted a workplace trust index survey among randomly selected employees from across Wesco's U.S. operations. At Wesco, our people are our greatest asset. Survey results showed that 90% of employees say they are able to take time off work when necessary, and 84% of employees say they felt welc ...

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 March 31, 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) (State or other jurisdiction of incorpor ...

NYSE: WCC First Quarter 2024 Webcast Presentation May 2, 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 strateg ...

Financial Data and Key Metrics Changes - The company reported record free cash flow generation of $731 million in Q1 2024, with trailing 12-month free cash flow exceeding $1.4 billion, indicating strong cash generation capabilities [7][34][38] - Financial leverage decreased to 2.6 times EBITDA, approaching the target range of 1.5 to 2.5 times [7][14] - The full-year free cash flow outlook was increased to a range of $800 million to $1 billion, representing more than 100% of adjusted net income at the midpoint [13][52] Business Line Data and Key Metrics Changes - Organic sales were down approximately 3% year-over-year, with a 1% benefit from price offset by lower volumes [15] - The EES business saw a 2% decline in organic sales, with construction sales flat and industrial sales up low single digits [22][24] - CSS business sales decreased by approximately 4%, with enterprise network infrastructure down low single digits and security sales down high single digits [25][27] - UBS sales were down 5%, with utility sales down low single digits and broadband sales down over 20% [30][32] Market Data and Key Metrics Changes - The company noted strong bid activity levels and backlog, supporting expectations for sequential growth as the year progresses [6][14] - Backlog in the EES business remains historically high, while CSS backlog is down 20% year-over-year but up 9% sequentially [24][29] - The company is experiencing a normalization of supplier lead times, which is expected to positively impact future sales [76] Company Strategy and Development Direction - The company plans to utilize proceeds from the divestiture of the Integrated Supply business for share repurchases, indicating a focus on returning capital to shareholders [11][39] - The long-term growth strategy is aligned with secular trends in electrification, green energy, and infrastructure investments, positioning the company for sustained growth [56] - The company aims to improve operational efficiency through digital transformation and cost reduction initiatives [39][49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the overall business environment, citing strong bidding activity and healthy backlog levels [6][76] - The company reaffirmed its full-year outlook for organic sales growth, adjusted EBITDA margin, and adjusted earnings per share [12][46] - Management highlighted the expectation of improved gross margins in 2024, driven by the Integrated Supply divestiture and margin improvement programs [48][50] Other Important Information - The company completed $20 million of annualized structural cost reductions in Q1 2024, in addition to $45 million of cost reduction actions taken in 2023 [12] - The company is focused on maintaining a strong balance sheet while pursuing opportunities for share repurchases and potential M&A in the second half of the year [39][58] Q&A Session Summary Question: Comments on SG&A growth and productivity - Management indicated that SG&A growth for the full year is expected to be below revenue growth, despite a $100 million headwind from merit increases and restored incentive compensation [61][62] Question: Free cash flow performance and outlook - Management confirmed that the strong free cash flow guidance includes benefits from accounts payable and inventory management, with expectations for continued focus on reducing inventory days [63][64] Question: Tone of business and bidding activity - Management noted strong bid activity and backlog levels, with no significant structural changes in the role of electrical distribution in mega projects [74][76] Question: Inventory management and visibility improvements - Management discussed ongoing digital transformation efforts to improve inventory visibility and management, which are expected to yield benefits in the near term [69][72] Question: Sales trajectory and assumptions for 2024 - Management confirmed expectations for sequential sales growth, with typical seasonality anticipated throughout the year [90][91]

NEWS RELEASE WESCO International, Inc. / 225 West Station Square Drive, Suite 700 / Pittsburgh, PA 15219 Wesco International Reports First Quarter 2024 Results PITTSBURGH, May 2, 2024 /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 first quarter of 2024. "Our first quarter sales met our expectations and were consistent with the outlook we provided during the quarter. Our pe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ☐ 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) FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or (State or other jurisdiction of incorporation ...