WESCO International: Trouble at the Margins
Not all industrial recoveries are equal. That's the message in the second-quarter earnings report from supply chain solutions provider WESCO International, Inc. (NYSE: WCC). Aside from construction, the company's end markets are improving, but the lackluster nature of the recovery has led to pressure, and management cut its full-year expectations for margin and earnings. Let's take a look at the mixed earnings report.
Starting with the headline numbers compared to guidance from the previous quarter:
Results were broadly in line with expectations, but this marks the second quarter in a row in which WESCO has reported a middling quarter while other industrial companies have reported significantly improving earnings outlooks.
Source: Fool.com
Wesco Intl Inc. Stock
€154.00
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