WESCO Raises Full Year Expectations - Quick Facts

(RTTNews) - WESCO International, Inc. (WCC) raised full year expectations for sales to be up 3% to 4% and increased EPS outlook to $3.75 to $3.95 per share. The company previously projected full-year sales to be up 1% to 3%, and EPS to be $3.60 to $3.90.

Earnings per share was $1.12 for the third quarter of 2017, compared to a loss per share of $0.73 for the third quarter of 2016. Net sales were $2.00 billion for the third quarter of 2017, compared to $1.86 billion for the third quarter of 2016, an increase of 7.8%. Organic sales for the third quarter of 2017 grew by 8.6%.

John Engel, WESCO's CEO, stated, "Our third quarter results exceeded our expectations and reflect improving momentum in our business. Sales grew 9% organically, our highest growth rate in over five years, driven by all end markets and geographies. Hurricane activity accounted for less than one point of sales growth."