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 (WCC) delivers essential supply chain solutions across electrical, communications, and utility sectors through its global distribution network. This news hub provides investors and professionals with timely updates on corporate developments, strategic initiatives, and market positioning.
Track official announcements including quarterly earnings, strategic partnerships, and operational milestones. Our curated feed consolidates press releases and verified news about Wesco's three core segments: Electrical & Electronic Solutions, Communications & Security Infrastructure, and Utility & Broadband Services.
Discover updates on supply chain innovations, technology investments, and global expansion efforts without promotional bias. This resource serves analysts and stakeholders needing factual updates on WCC's role in industrial distribution and logistics optimization.
Bookmark this page for streamlined access to Wesco International's latest business developments. Check regularly for neutral, compliance-focused reporting on one of North America's largest B2B distributors.
Wesco International reported its first quarter 2024 results, showing a 3% decrease in net sales year-over-year and a 3.2% decrease in organic sales. The operating profit was $263 million with an operating margin of 4.9%. The adjusted EBITDA margin was 6.4%, down 60 basis points sequentially and 120 basis points year-over-year. Wesco's financial leverage improved to 2.6x. The company generated record free cash flow of $731 million in the quarter and over $1.4 billion over the trailing twelve months. Despite the decrease in sales, Wesco is maintaining its full-year outlook for organic sales growth and adjusted EBITDA margin. The company is focused on increasing its free cash flow outlook and pursuing capital allocation strategies more aggressively. Wesco's long-term growth trends and global capabilities position it for sustained sales growth and increased market share.
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