WESCO International Inc. (WCC)

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WESCO International Inc.
225 West Station Square Drive
Suite 700
Pittsburgh, PA 15219
United States - Map
Phone: 412-454-2200
Fax: 412-454-2595
Web Site: WESCO International, Inc. | Electrical Supplies, MRO Distributor, Procurement Specialist Services

DETAILS
Index Membership: N/A
Sector: Services
Industry: Electronics Wholesale
Full Time Employees: 7,200


BUSINESS SUMMARY
WESCO International, Inc. distributes electrical construction products, and electrical and industrial maintenance, repair, and operating (MRO) supplies primarily in North America. The company offers electrical supplies, such as wiring devices, fuses, terminals, connectors, boxes, enclosures, fittings, lugs, terminations, tape, and splicing and marking equipment; industrial supplies, including tools and testers, safety and security, fall protection, personal protection, consumables, fasteners, janitorial, and other MRO supplies; and power distribution supplies, such as circuit breakers, transformers, switchboards, panel boards, metering products, and busway products. It also provides lighting products, including lamps, fixtures, ballasts, and lighting control products; wire and conduit products; control, automation, and motors consisting of motor control devices, drives, surge and power protection, relays, timers, pushbuttons, and operator interfaces; and data communications products, including structured cabling systems, low voltage specialty systems, and specialty wire and cable products. In addition, the company offers various supply management services comprising outsourcing of the MRO purchasing process; providing technical support for manufacturing process improvements; implementing inventory optimization programs; assigning its employees as on-site support personnel; recommending energy-efficient product upgrades; and offering safety and product training for customer employees. It primarily serves industrial customers; electrical contractors; utilities; and commercial, institutional, and governmental customers. As of December 31, 2008, the company operated approximately 400 branches and 7 distribution centers located in the United States, Canada, Mexico, the United Kingdom, Nigeria, the United Arab Emirates, Singapore, Australia, and the People's Republic of China. WESCO International, Inc. was founded in 1998 and is headquartered in Pittsburgh, Pennsylvania.
WCC: Profile for WESCO INTL INC - Yahoo! Finance

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WESCO International Inc. Q3 2009 Earnings Call Transcript

WESCO International Inc. Q3 2009 Earnings Call Transcript -- Seeking Alpha

WESCO International Inc. (WCC)

Q3 2009 Earnings Call

October 22, 2009 11:00 am ET

Executives

Daniel Brailer – Vice President and Treasurer

Steve Van Oss – Senior Vice President and Chief Operating Officer

John Engel – President and Chief Executive Officer

Richard Heyse – Vice President and Chief Financial Officer

Analysts

Deane Dray – FBR Capital Markets & Co.

Hamzah Mazari – Credit Suisse

Sam Darkatsh – Raymond James

Matt Duncan – Stephens Incorporated

Shannon O'Callaghan – Barclays Capital

David Manthey – Robert W. Baird & Co.

John Baliotti – FTN Equity Capital Markets

[Steve Gambuza] – Longbow Capital

Daniel Whang – B. Riley & Company, Inc.

[Matt Biteriso] – Barclays Capital

Presentation

Operator

Welcome to WESCO International Earnings Conference. (Operator Instructions). I would like to turn the conference over to Dan Brailer.

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Wesco Int'l 3Q earnings beat Wall Street estimates

PITTSBURGH (AP) -- Wesco International Inc. posted third-quarter earnings Thursday that were much better than Wall Street analysts expected, and its stock rose more than 5 percent.

The company, which makes electrical and industrial maintenance supplies and construction materials, reported net income of $33.7 million, or 74 cents per share, on $1.3 billion in sales for the three months that ended Sept. 30.

That compares with net income of $33.7 million, or 79 cents per share, on $1.2 billion in sales in the same period last year. A pre-tax gain on a convertible debt exchange boosted Wesco's year-ago net income by $6.6 million, or 16 cents per share.

Analysts polled by Thomson Reuters on average expected Wesco to report earnings of 65 cents per share on $1.3 billion in revenue.

Chief Executive Officer John Engel said the company, based in Pittsburgh, is seeing "positive momentum across our business."

Wesco's shares rose $2.10, or 5.2 percent, to $42.73 Thursday.

NOTE 24 OCT 10 I would not buy here- I would wait until it filled the gap.

WCC Chart