WESCO International Full Year 2023 Earnings: EPS Misses Expectations
WESCO International (NYSE:WCC) Full Year 2023 Results
Key Financial Results
Revenue: US$22.4b (up 4.5% from FY 2022).
Net income: US$708.1m (down 12% from FY 2022).
Profit margin: 3.2% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses.
EPS: US$13.86 (down from US$15.84 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
WESCO International EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 11%.
Looking ahead, revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Trade Distributors industry in the US.
Performance of the American Trade Distributors industry.
The company's share price is broadly unchanged from a week ago.
Valuation
Following the latest earnings results, WESCO International may be undervalued based on 6 different valuation benchmarks we assess. You can access our in-depth analysis and discover what the outlook is like for the stock by clicking here.
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