Shares of Wesco International Inc (WCC) soared 10.78% during intraday trading, as investors reacted to the company's stellar second-quarter results and an upbeat full-year outlook.
The electrical distribution and supply chain giant reported adjusted earnings of $4.57 per share, significantly surpassing the FactSet consensus estimate of $3.97. Revenue climbed 13% year-over-year to a record $6.67 billion, also beating expectations of $6.44 billion. A standout performer was the data center segment, where sales surged approximately 45% to $1.5 billion, underscoring robust demand in the sector.
Adding to the bullish sentiment, Wesco raised its full-year 2026 adjusted EPS guidance to a range of $16.00 to $17.50, above the analyst consensus of $16.08. The company cited a record backlog, which increased about 60% year-over-year, supported by multi-year customer commitments and accelerating infrastructure demand. The strong results and raised outlook mark the second consecutive quarter Wesco has exceeded expectations, reinforcing confidence in its growth trajectory.
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