Wesco International (WCC) Reports Q2 Earnings: What Key Metrics Have to Say

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]