WESCO International, Inc. Reports Second Quarter 2018 Results
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WESCO Int'l (WCC) Misses Q2 EPS by 1c
August 2, 2018 6:05 AM EDTWESCO Int'l (NYSE: WCC) reported Q2 EPS of $1.22, $0.01 worse than the analyst estimate of $1.23. Revenue for the quarter came in at $2.1 billion versus the consensus estimate of $2.1 billion.
Mr. John J. Engel, WESCO's Chairman, President and CEO, commented, \"Our broad-based return to growth, which began in mid-2017, continued in the second quarter. Organic sales grew 9%, with all end markets and geographies contributing to growth for the fourth consecutive quarter. Sales growth was consistently strong throughout the quarter and our backlog expanded to a record high level. Gross margin was sequentially stable, and we... More
