WESCO International, Inc. Aktie News

WESCO International's Q1 2024 sales declined due to volume declines across all segments, but the company's revenue growth outlook is positive. The company is poised to benefit from electrification, broadband expansion, infrastructure build, and data center demand in the medium to long term. The company's margins were adversely impacted in Q1 2024, but they are expected to sequentially improve i...

Wesco International is a B2B distribution company with operating segments in electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company was transformed after a major acquisition of Anixter for $4.5 billion in 2020. The stock is currently a hold due to concerns about high debt levels and limited potential for earnings growth.

First quarter net sales down 3% YOY, organic sales down 3% First quarter operating profit of $263 million; operating margin of 4.9%      •   Adjusted EBITDA margin of 6.4%, down 60 basis points sequentially and 120 basis points YOY Operating cash flow of $746 million      •   Free cash flow of $731 million in the quarter, $1.4 billion over trailing twelve months Financial leverage of 2.6x, down...

PITTSBURGH , April 12, 2024 /PRNewswire/ --  Wesco International  (NYSE:WCC) will hold its first quarter 2024 earnings conference call on Thursday, May 2 at 10:00 a.m. ET. Dial-in details are below.

Appointments support combined strategy of Vallen and Wesco Integrated Supply BELMONT, N.C. , April 11, 2024 /PRNewswire/ -- Vallen Distribution ("Vallen"), a provider of indirect industrial supply chain solutions, vendor managed inventory and technical services with offerings that include safety equipment inspection, maintenance, certification, and solution design, today announced key Executive...

PITTSBURGH , April 1, 2024 /PRNewswire/ -- Wesco International  (NYSE:WCC) announced today that it has completed the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The sale includes predominately all of Wesco's industrial maintenance, repair and operations (MRO) integrated supply...

NEW YORK, NY / ACCESSWIRE / March 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

NEW YORK, NY / ACCESSWIRE / March 25, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.