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.
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.
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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.
WESCO International, Inc. (NYSE: WCC) reported strong second-quarter 2021 results, driven by the merger with Anixter. Net sales reached $4.6 billion, over double last year's figures. Adjusted EBITDA margin is projected to expand to 6.1-6.4% with adjusted EPS expected to grow to $8.40-$8.80. The company raised its cost synergy target from $250 million to $300 million. Record backlog and improved operating profit indicate robust business momentum. However, net cash flow showed an outflow of $17.7 million due to working capital changes. The outlook remains positive, with a projected leverage ratio return timeline accelerated to late 2022.
WESCO International (NYSE: WCC) will host its second quarter 2021 earnings conference call on August 5 at 10:00 a.m. EDT. Investors can access the live audio webcast and presentation slides via the company's investor relations website. Following the earnings call, a replay will be available from August 5, 2:00 p.m. ET to August 12, 9:00 a.m. ET. Additionally, WESCO will virtually participate in the RBC Global Industrials Conference on September 9, with further details to be announced.