WESCO Int'l (WCC) Tops Q3 EPS by 21c, Offers Guidance

WESCO Int'l (NYSE: WCC) reported Q3 EPS of $2.74, $0.21 better than the analyst estimate of $2.53. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.68 billion.

GUIDANCE:

WESCO Int'l sees FY2021 EPS of $9.20-$9.40, versus the consensus of $8.82.

• “We are seeing sales and margin momentum in each of our three strategic business units. Based on our strong third quarter results, we are raising our full year 2021 outlook for sales, margin and profitability for the third time this year. We now expect sales to increase 11% to 13%, adjusted EBITDA margin to expand to between 6.4% and 6.5%, and adjusted EPS to grow to a range of $9.20 to $9.40. As a result of our expected sales growth and increasing inventories to support our customers, we are also adjusting our full year 2021 outlook for free cash flow to approximately 80% of net income.”

For earnings history and earnings-related data on WESCO Int'l (WCC) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• Ridgepost Capital acquires Stellus Capital Management for $4B AUM
• Worried the AI trade has gone too far? Evercore likes these 4 stocks