Wesco International reported Q2 profit of $189.2 million, down from $217.7 million last year, but beating estimates of $3.36 per share. Excluding items, adjusted earnings were $167.5 million or $3.39 per share. Revenue rose 7.7% to $5.899 billion from $5.479 billion last year.
PITTSBURGH - Wesco International (NYSE: WCC) released its second-quarter (Q2) earnings report, showing a decline in profit compared to the same period last year but still managing to beat analysts' estimates. The company's earnings totaled $189.2 million, or $3.83 per share, down from $217.7 million, or $4.28 per share, in the second quarter of 2024 [2].
Excluding special items, Wesco reported adjusted earnings of $167.5 million or $3.39 per share for the period, which was in line with analysts' expectations of $3.36 per share [2]. The company's revenue for the period rose 7.7% to $5.899 billion from $5.479 billion in the same period last year [2].
The performance was driven by robust growth in the Communications and Security Solutions (CSS) segment, which posted 17% organic growth, and the Electrical and Electronic Solutions (EES) segment, which delivered 6% organic growth. Data center sales were particularly impressive, jumping approximately 65% year-over-year and exceeding $1 billion for the quarter [1].
"We continued to build on our positive sales momentum in the first half of 2025 and outperformed the market with our leading portfolio of products, services, and solutions," said John Engel, Chairman, President, and CEO. "Sales growth is accelerating, with organic sales up 6% in the first quarter, 7% in the second quarter, and preliminary July sales per workday up approximately 10% year-over-year" [1].
The company's adjusted EBITDA margin improved 90 basis points sequentially to 6.7%, though it was down 60 basis points year-over-year. Wesco also completed the redemption of its preferred stock in June, which the company said will improve both cash flow and earnings per share going forward [1].
Based on the strong performance through the first seven months of 2025, Wesco raised its full-year organic sales growth outlook while maintaining its EPS guidance midpoint [1].
References:
[1] https://www.investing.com/news/earnings/wesco-international-beats-q2-estimates-as-data-center-sales-soar-93CH-4162236
[2] https://www.nasdaq.com/articles/wesco-international-inc-q2-profit-decreases-beats-estimates
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