WESCO International (NYSE:WCC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$5.49b (down 2.7% from 3Q 2023).

• Net income: US$189.9m (down 13% from 3Q 2023).

• Profit margin: 3.5% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue.

• EPS: US$3.81 (down from US$4.28 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

WESCO International EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are up 9.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with WESCO International (including 1 which shouldn't be ignored).

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