WESCO International, Inc. Reports Fourth Quarter and Full Year 2019 Results
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WESCO Int'l (WCC) Misses Q4 EPS by 1c; Offers FY20 EPS Guidance
January 30, 2020 6:13 AM ESTWESCO Int'l (NYSE: WCC) reported Q4 EPS of $1.32, $0.01 worse than the analyst estimate of $1.33. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.1 billion.
Fourth quarter highlights:
Consolidated net sales of $2.1 billion, up 4.4% versus prior yearOrganic sales growth of 3.9%Earnings per diluted share of $1.26$1.32 adjusted for merger-related transaction costsOperating cash flow of $108 million; free cash flow of $94 million, or 178% of net incomeLeverage of 2.8x, down 0.2x sequentiallyAnnounced merger agreement with Anixter; expected to close... More