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An update from Wesco International ( (WCC) ) is now available.
Wesco International reported a 0.5% year-over-year increase in net sales for the fourth quarter of 2024, driven by significant growth in their global data center and broadband solutions businesses, despite challenges in the industrial and utility sectors. The company achieved record operating cash flow and free cash flow for the year, bolstered by strategic acquisitions and effective working capital management. Looking forward to 2025, Wesco anticipates continued organic sales growth and an increase in operating margins, supported by ongoing digital transformation and business expansion efforts.
More about Wesco International
Wesco International is a leading provider specializing in business-to-business distribution, logistics services, and supply chain solutions. The company focuses on sectors such as data centers, broadband solutions, and electrical and electronic solutions, with a noted emphasis on digital transformation and expanding their service offerings.
YTD Price Performance: 4.09%
Average Trading Volume: 626,636
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $9.11B
See more data about WCC stock on TipRanks’ Stock Analysis page.