HomeInvestingEarningsWesco (WCC) CEO On Electrical Distribution & Services

Wesco (WCC) CEO On Electrical Distribution & Services

Wesco (WCC) is a multinational electrical distribution and services company. CEO John Engel joins Oliver Renick to discuss WCC as it operates in three segments which include electrical and electronic solutions, communication and security solutions, and utility and broadband solutions. He talks about how WCC saw record 1Q sales, gross margin, and operating profit. Net sales came in at $5.5B, up 12% year-over-year, operating margin came in at 6.3%, and adjusted EPS came in at $3.75, up 3% year-over-year. He goes over the outlook for WCC. He notes that WCC declared a quarterly dividend payable June 30th. Tune in to find out more about WCC and the stock market today.

Morning Trade Live

13 Jun 2023

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