WESCO Reaffirms 2016 Guidance - Quick Facts

(RTTNews) - WESCO International, Inc. (WCC) reaffirmed its expectation of sales in the range of flat to down 5%, EPS of $3.75 to $4.20 per share, and free cash flow generation of at least 90% of net income in 2016, as outlined in the company's investor outlook call in December. Analysts expect the company to report earnings per share of $3.84. Analysts' estimates typically exclude special items.

For the year ended December 31, 2015, net income attributable to WESCO was $210.7 million, down 23.6% from $275.9 million for 2014. Net sales were $7.52 billion for 2015, compared to $7.89 billion for 2014, a decrease of 4.7%. Normalized organic sales decreased 3.3%.