WESCO Reaffirms 2017 Guidance; Issues 2018 Outlook - Quick Facts

(RTTNews) - WESCO International, Inc. (WCC) reaffirmed its full year 2017 outlook of 3% to 4% sales growth, EPS of $3.75 to $3.95, and free cash flow generation of at least 90% of net income. For 2018, the company expects sales growth in the range of 3% to 6%, EPS of $4.05 to $4.55 per share, and free cash flow generation of at least 90% of net income.

WESCO also announced a new share repurchase authorization to replace the existing authorization expiring at the end of 2017. The company said the new share repurchase authorization of up to $300 million over the next three years demonstrates confidence in its long-term growth outlook.