WESCO International (NYSE:WCC)The open reported Q4 results before the open, posting adjusted earnings per share of $3.17, versus street expectations of $2.55. The distribution andA logistics company posted record sales and profitability, despite the fact that many of its peers were facing strong supply-chain headwinds.
- “We strategically invested over the past few months in our inventories to both address supply chain issues and support our strong growth in sales.”
- “We are well-positioned to meet increasing customer demands as global supply chains are reconstructed this year.”
- “We will substantially reduce financial leverage in 2022 to be well within the range of target guidance.”
Analysts will likely be focusing on capital allocation plans after the debt target achievement later in the year. WESCO shares are more than quadrupled in value from the pandemic lows. They remain a Wall Street favorite with 9 Buy, 4 Holds and zero Sell ratings.