U.S. Markets open in 3 hrs 18 mins
  • S&P Futures

    3,400.00
    +6.50 (+0.19%)
     
  • Dow Futures

    27,605.00
    +24.00 (+0.09%)
     
  • Nasdaq Futures

    11,528.75
    +36.50 (+0.32%)
     
  • Russell 2000 Futures

    1,601.10
    -1.00 (-0.06%)
     
  • Crude Oil

    38.87
    +0.31 (+0.80%)
     
  • Gold

    1,901.30
    -4.40 (-0.23%)
     
  • Silver

    24.39
    -0.03 (-0.14%)
     
  • EUR/USD

    1.1813
    0.0000 (-0.0000%)
     
  • 10-Yr Bond

    0.8010
    0.0000 (0.00%)
     
  • Vix

    32.63
    +5.08 (+18.44%)
     
  • GBP/USD

    1.3022
    +0.0001 (+0.0052%)
     
  • USD/JPY

    104.6400
    -0.1950 (-0.1860%)
     
  • BTC-USD

    13,142.87
    +33.34 (+0.25%)
     
  • CMC Crypto 200

    261.45
    -1.97 (-0.75%)
     
  • FTSE 100

    5,776.07
    -15.94 (-0.28%)
     
  • Nikkei 225

    23,485.80
    -8.54 (-0.04%)
     

WESCO International: Q2 Earnings Insights

Benzinga Insights
·2 mins read

Shares of WESCO International (NYSE:WCC) rose 3% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 28.28% year over year to $1.04, which beat the estimate of $0.66.

Revenue of $2,087,000,000 decreased by 2.93% year over year, which beat the estimate of $1,900,000,000.

Looking Ahead

WESCO International hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Conference Call Details

Date: Aug 13, 2020

View more earnings on WCC

Time: 10:00 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=&eventid=2551214&sessionid=1&key=A67E3BC5C43C3D1AF836DDE872492C36&regTag=&sourcepage=register

Recent Stock Performance

52-week high: $61.32

52-week low: $13.52

Price action over last quarter: Up 62.89%

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. After Wesco acquires Anixter in 2020, the firm's pro forma revenue will increase to over $17 billion, and the combined entity will easily surpass W.W. Grainger as the largest industrial distributor in the United States.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.