WESCO Int'l Backs FY14 Outlook, Issues FY15 Outlook - Quick Facts

(RTTNews) - WESCO International Inc. (WCC), a provider of electrical, industrial, and communications MRO and OEM products, said it is reaffirming its full year 2014 outlook to approximately 5% sales growth and $5.25 to $5.35 earnings per share. Wall Street currently is looking for fiscal year 2014 earnings of $5.28 per share on annual revenues of $7.90 billion.

For fiscal 2015, the company expects earnings in the range of $5.50 to $5.90 per share and sales growth in the range of 3% to 6%. Analysts currently expect fiscal 2015 earnings of $6.06 per share on revenues of $8.37 billion.

Further, the company announced share repurchase program starting early next year.  The free cash flow generation capability of its business supports continued investment in growth initiatives, including acquisitions, while providing a return of capital to shareholders.