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.
News about Wesco International, Inc. (NYSE: WCC) centers on its role as a FORTUNE 500 provider of business-to-business distribution, logistics services, and supply chain solutions. Company announcements describe how Wesco builds, connects, powers and protects the world through its Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions business units.
Visitors to this news page can review press releases on Wesco’s financial performance, including quarterly results where the company reports net sales, segment performance, margins, cash flow, and backlog trends. Earnings updates often highlight organic sales growth, data center-related sales within the Communications and Security Solutions segment, and developments in utility and infrastructure-related business.
Wesco’s news flow also includes board and leadership updates, such as the appointment of new independent directors and planned retirements in accordance with corporate governance guidelines. Announcements may cover changes in leadership for specific segments like Electrical and Electronic Solutions, along with related disclosures in SEC filings.
Dividend declarations are another recurring topic, with the board of directors issuing press releases when it approves quarterly cash dividends on Wesco’s common stock. These items specify the dividend amount and relevant record and payment dates.
In addition, Wesco publishes news about collaborations and technology initiatives that affect its operations and customer offerings. Examples include partnerships to modernize finance processes and investments in platforms that support construction materials management and supply chain visibility. Together, these updates provide insight into how Wesco manages its global network of more than 700 sites in approximately 50 countries and serves customers across commercial, industrial, education, government, technology, telecommunications, and utility sectors.
Investors, analysts, and other stakeholders can use this news stream to follow Wesco’s operational developments, governance changes, capital allocation actions, and technology-driven initiatives over time.
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.
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.
Wesco has been recognized as one of America’s Best-Managed Companies, ranking #173 on the Top 250 list for 2022, published by The Drucker Institute in The Wall Street Journal. Notably, Wesco's score increased by 8.9 points from the previous year, marking the largest improvement in the Industrial Goods sector. This is the first year Wesco appears on the Top 250 list, showcasing its commitment to corporate performance across five dimensions: customer satisfaction, employee engagement, innovation, social responsibility, and financial strength.
Wesco International (NYSE: WCC) will host its fourth quarter and full year 2022 earnings conference call on February 14, 2023, at 10:00 a.m. ET. Dial-in details include a North American number: 1-888-349-0106 and an international number: 1-412-902-0131, with the access code Wesco. Additionally, the company will participate in several key investor conferences in March 2023, such as the Raymond James Institutional Investors Conference and the J.P. Morgan Industrials Conference. Wesco, a FORTUNE 500® firm with annual sales exceeding $18 billion, provides business-to-business distribution and supply chain solutions globally.
Ryder System has appointed Charles M. “Chuck” Swoboda to its board of directors, effective December 12, 2022. Swoboda's notable leadership experience includes his tenure as CEO of Cree, Inc. (now Wolfspeed, Inc.), where he grew revenues from
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