Wesco International Reports Lower-Than-Expected Q4 Earnings
PITTSBURGH, Feb. 28, 2023 /PRNewswire/ -- Wesco International Inc. (WCC) announced a fourth-quarter profit of $165.4 million, translating to $3.03 per share. After adjusting for non-recurring costs, earnings reached $3.16 per share, below Wall Street estimates of $3.22 per share based on a survey by Zacks Investment Research.
Revenue for the quarter surpassed expectations, totaling $5.5 billion, exceeding the $5.42 billion forecast by Zacks analysts. For the full year, the company reported a profit of $717.6 million ($13.05 per share) and revenue of $21.82 billion.