Wesco Intl Stock Price, News & Analysis

WESCO International (WCC) reported record net sales of $4.9 billion for Q4 2021, marking a 17.5% year-over-year increase. The company achieved an operating profit of $220.3 million, with a gross margin of 20.8%, up 120 basis points YOY. For the full year, net sales reached $18.2 billion, primarily driven by the Anixter merger. Adjusted earnings per share rose to $3.17, up 160% YOY. The backlog increased by over 80% year-over-year, indicating strong demand. WESCO anticipates continued growth in 2022, with sales expected to increase by 5%-8%.

WESCO International, Inc. (NYSE: WCC) will host its fourth quarter and full-year 2021 earnings conference call on February 15, 2022, at 10:00 a.m. ET. Participants can access the live broadcast and presentation on the company's investor relations website. Additionally, WESCO will be partaking in the Raymond James' 2022 Institutional Investors Conference and the J.P. Morgan Industrials Conference in March. The press release highlights WESCO's significant presence as a leading distribution and logistics solutions provider, generating over $16 billion in pro forma sales in 2020.

The Board of Directors of WESCO International, Inc. (NYSE: WCC) has declared a cash dividend on the 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock. For the period from October 1, 2021, to December 31, 2021, the dividend amounts to $664.0625 per preferred share, or $0.6640625 per depository share. This payment is set for December 31, 2021, to shareholders on record by the close of business on December 15, 2021.

WESCO International (NYSE: WCC) reported record net sales of $4.7 billion for Q3 2021, up 14.2% year-over-year, with organic sales growth of 13.6%. Operating profit reached $229.5 million, showing a 28.8% increase from Q3 2020, and adjusted earnings per diluted share improved by 65% to $2.74. The company raised its full-year outlook for adjusted EPS to between $9.20 and $9.40. A backlog increase of over 60% and effective cost measures contributed to strong performance amid ongoing digital transformation initiatives.

WESCO International, Inc. (NYSE: WCC) will host its third quarter 2021 earnings conference call on November 4 at 10:00 a.m. ET. Investors can access the live webcast and presentation slides on WESCO's website. Additionally, WESCO will attend the Baird 2021 Global Industrial Conference on November 10 and the Stephens Annual Investment Conference on December 2. With pro forma annual sales over $16 billion and a global presence in over 50 countries, WESCO continues to enhance its distribution and logistics services.

The Board of Directors of WESCO International, Inc. (NYSE: WCC) has declared a cash dividend of $664.0625 per preferred share for its 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock, covering the period from July 1, 2021, through September 30, 2021. This dividend, equating to $0.6640625 per depository share, will be payable on September 30, 2021, to shareholders on record as of close of business on September 15, 2021.

WESCO International, Inc. (NYSE: WCC) announces the election of Anne M. Cooney to its Board of Directors, effective September 1, 2021. With extensive experience in managing complex global organizations, Cooney's addition is expected to enhance the board's expertise in the industrial sector. Concurrently, Lynn M. Utter will retire from the board after over 15 years of service, ensuring a smooth transition for the new director. WESCO aims to strengthen its governance through ongoing board refreshment, reflecting a commitment to stockholder value.