WESCO Int'l (WCC) Tops Q3 EPS by 37c; Reaffirms outlook

WESCO Int'l (NYSE: WCC) reported Q3 EPS of $3.58, $0.37 better than the analyst estimate of $3.21. Revenue for the quarter came in at $5.5 billion versus the consensus estimate of $5.46 billion.

OUTLOOK

Mr. Engel concluded, \"Quoting, bid activity levels, and backlog remain healthy across our Wesco enterprise. We are reaffirming our 2024 full-year outlook for sales, profitability and free cash flow. While end markets remain mixed, in the fourth quarter we expect to continue to benefit from double-digit growth in the data center space as well as some large projects in our electrical and industrial end markets. As we look ahead, I like Wesco\'s leadership position and exposure to the long-term trends we have consistently described in detail. While the macro-economic environment will inevitably present challenges, I believe Wesco will continue to outperform our competitors under all market conditions. Our commitment to value creation from operational improvements, digital transformation and our capital allocation strategy, including focused M&A, is clear and resolute as outlined during our recent Investor Day. The Wesco team will continue to strive to execute on those plans to deliver outsized returns for our shareholders.

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

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