WESCO International, Inc. Share News

PITTSBURGH , June 27, 2024 /PRNewswire/ -- On June 20, Wesco hosted its annual Day of Caring events for employees at numerous sites around the globe to celebrate its commitment to communities where we live and work and to announce the company's inaugural Wesco Cares Champion of the Year Award recipient. The company's Day of Caring events encouraged employees to give back to the community and le...

Wesco International (WCC) is the largest player in the electrical components distribution and services sector and is very profitable. Wesco International Preferred “A” , ticker WCC-A, sports a “qualified” 10.34% yield and its dividend resets in 1 year to a whopping 14.6% at current rates. Unfortunately, with such extraordinarily high yielding characteristics, WCC-A is extremely likely to be cal...

PITTSBURGH , June 5, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, today announced it has completed the purchase of entroCIM, an innovator in data center and building intelligence software. The initial purchase price was $30 million with the opportunity for an additional earnout based...

PITTSBURGH , May 30, 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 June 28, 2024 to the holders of record of the common stock at the close of business on June 14, 2024.

PITTSBURGH , May 30, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, issued its annual sustainability report today. The report outlines Wesco's progress and key initiatives for advancing its environmental, social and governance (ESG) goals set in the 2021 report that include reducing gr...

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...