Welcome to our dedicated page for Wesco Intl news (Ticker: WCC), a resource for investors and traders seeking the latest updates and insights on Wesco Intl stock.
Wesco International supplies business-to-business distribution, logistics services and supply chain solutions for electrical and electronic, communications and security, and utility and broadband markets. Company news commonly covers operating results, organic sales, margins, cash flow, backlog, data center demand, and outlook updates tied to commercial, industrial, technology, telecommunications and utility customers.
Recurring announcements also include common-stock dividends, capital allocation priorities, digital transformation and AI-related initiatives, supplier and customer network capabilities, and governance changes such as finance leadership and board refreshment.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Wesco International (NYSE: WCC) is set to hold its 2023 first quarter earnings conference call on May 4, 2023, at 10:00 a.m. ET. Dial-in details for live and replay access are provided in the press release. The company also plans to participate in several key conferences in Q2, including the Oppenheimer Industrial Growth Conference, Wolfe Research Global Transportation & Industrials Conference, and KeyBanc Industrials & Basic Materials Conference.
Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with over $21 billion in annual sales, specializing in business-to-business distribution and supply chain solutions across more than 50 countries. The company employs approximately 20,000 people and operates around 800 branches.
The Board of Directors of Wesco International (NYSE: WCC) has declared a cash dividend of $664.0625 per Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock share for the period January 1, 2023 to March 31, 2023. The dividend equates to $0.6640625 per depository share and will be payable on March 31, 2023, to shareholders on record as of March 15, 2023. Wesco, headquartered in Pittsburgh, is a FORTUNE 500® company with over $21 billion in annual sales, providing extensive distribution and supply chain solutions worldwide.
The Board of Directors of Wesco International (NYSE: WCC) has declared its inaugural quarterly cash dividend of $0.375 per share, payable on March 31, 2023, to shareholders on record by March 15, 2023. This decision follows the company's commitment to return capital to shareholders, supported by projected sales growth and margin expansion. The firm also announced a $1 billion share repurchase authorization, highlighting strong cash flow generation. The future dividend declarations will remain under the discretion of the Board.
Summary not available.
Wesco International (NYSE: WCC) reported record fourth-quarter net sales of $5.6 billion for 2022, reflecting a 15% year-over-year increase. The full year saw net sales reach $21.4 billion, up 18% YOY. Adjusted EBITDA rose 41% YOY to $451 million with an 8.1% margin. Operating profit was $382 million, with a 6.9% margin, while earnings per diluted share increased to $3.90. The Rahi Systems acquisition positively impacted results, contributing to strong organic sales growth of 14.4% in Q4. Wesco's operating cash flow reached a record $422 million, and free cash flow stood at $399 million, indicating strong liquidity and financial health.