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Shares of WESCO International (NYSE:WCC) rose 0.0% in pre-market trading after the company reported Q4 results.
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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.
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How To Listen To The Conference Call
Date: Feb 09, 2021
Time: 10:00 AM
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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.