Benzinga | Feb 9, 2021 07:09AM EST

Recap: WESCO International Q4 Earnings



Shares of WESCO International (NYSE:WCC) rose 0.0% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share fell 7.58% year over year to $1.22, which missed the estimate of $1.33.

Revenue of $4,129,000,000 rose by 96.71% from the same period last year, which beat the estimate of $4,120,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $5.50 and $6.00.

The upcoming fiscal year's revenue expected to be between $12,696,000,000 and $13,066,000,000.

How To Listen To The Conference Call

Date: Feb 09, 2021

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2935794&sessionid=1&key=97C804B3F0803B72C6F5BCB9A4A958DE&regTag=&sourcepage=register

Recent Stock Performance

Company's 52-week high was at $89.53

Company's 52-week low was at $13.52

Price action over last quarter: Up 62.42%

Company Overview

Wesco International is a value-added industrial distributor that operates across four distinct end markets: industrial (36% of sales), construction (33%), utility (16%), and commercial, institutional, and government (15%). The company offers more than 1 million products to its 70,000 active customers through a distribution network of 500 branches and 10 distribution centers. Although Wesco generates almost all of its sales in North America, the company has a global reach, with operations in 15 other countries. With the Anixter acquisition in 2020, the firm's pro forma revenue increases to over $17 billion, and the combined entity easily surpasses W.W. Grainger as the largest industrial distributor in the United States.