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Wesco International (WCC)
:WCC
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.24Last Year’s EPS
2.65Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: 9.15%
|Next Earnings Date:Aug 02, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong growth in the data center segment and robust free cash flow generation, but also pointed out challenges with utility and broadband sectors, and pressure on gross margins. The company remains optimistic about its long-term prospects and committed to its strategic initiatives, while acknowledging current market difficulties.Company Guidance
During the WESCO Q3 2024 earnings call, the company provided a comprehensive outlook for the remainder of the year, reaffirming its full-year guidance for sales, profitability, and free cash flow. Sales slightly exceeded expectations for the third quarter, driven by double-digit growth in the data center business, despite ongoing weakness in the utility and broadband sectors. Free cash flow was robust at $280 million for the quarter and $777 million year-to-date, representing 154% of adjusted net income. The company anticipates continued strength in the data center market in the fourth quarter, while utility and broadband segments are expected to remain challenged. WESCO expects to end the year within the lower half of its sales and adjusted EBITDA margin ranges if current trends persist. Looking ahead, the company is confident in its strategic positioning to capitalize on long-term secular growth trends and aims to generate approximately $3 billion in free cash flow from 2025 to 2027, with a focus on value-accretive mergers and acquisitions.Strong Data Center Growth
Data center business experienced more than 40% growth, with expectations for continued double-digit growth in the fourth quarter.
Record Free Cash Flow
Free cash flow generation of $280 million in the third quarter and $777 million year-to-date, equating to 154% of adjusted net income.
Improved Cash Flow Management
Significant focus on working capital management, particularly benefiting the Communications and Security Solutions business.
Strong CSS Backlog Growth
CSS backlog up 8% sequentially and 15% year-over-year, reflecting increased order momentum.
Commitment to Long-Term Growth
Reaffirmation of full-year 2024 outlook for sales, profitability, and free cash flow, with expectations to be within the lower half of the outlook range.
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WCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $177.42 | $191.56 | +7.97% |
| Aug 01, 2024 | $174.11 | $157.99 | -9.26% |
| May 02, 2024 | $153.30 | $163.90 | +6.91% |
| Feb 13, 2024 | $190.67 | $131.31 | -31.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Wesco International (WCC) report earnings?
Wesco International (WCC) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Wesco International (WCC) earnings time?
Wesco International (WCC) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WCC EPS forecast?
WCC EPS forecast for the fiscal quarter 2024 (Q4) is 3.24.
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