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WESCO International (WESCO International) Net Income : $766 Mil (TTM As of Dec. 2023)


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What is WESCO International Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. WESCO International's Net Income for the three months ended in Dec. 2023 was $142 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $766 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. WESCO International's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $2.45.


WESCO International Net Income Historical Data

The historical data trend for WESCO International's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

WESCO International Net Income Chart

WESCO International Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 223.43 100.56 465.40 860.50 765.50

WESCO International Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 218.90 197.10 193.10 233.40 141.90

WESCO International Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

WESCO International's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=992+-225.9+0+-0.60000000000002
=766

WESCO International's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=208.2+-65.7+0+-0.59999999999999
=142

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $766 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


WESCO International  (NYSE:WCC) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

WESCO International's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


WESCO International Net Income Related Terms

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WESCO International (WESCO International) Business Description

Traded in Other Exchanges
Address
225 West Station Square Drive, Suite 700, Pittsburgh, PA, USA, 15219
Wesco International is an industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 140,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 43 distribution centers. Wesco generates 74% of its sales in the United States, but it has a global reach, with operations in 50 other countries.
Executives
Hemant Porwal officer: EVP Supply Chain & Operations 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219
Glynis Bryan director 5500 WAYZATA BOULEVARD, SUITE 600, GOLDEN VALLEY MN 55416
Easwaran Sundaram director C/O JETBLUE AIRWAYS CORPORATION, 27-01 QUEENS PLAZA NORTH, LONG ISLAND CITY NY 11101
Squires Nelson John Iii officer: SVP & COO 225 W. STATION SQUARE, PITTSBURGH PA 15219
James Cameron officer: EVP & GM, Util & Broadband 225 W. STATION SQUARE DRIVE, PITTSBURGH PA 15219
Diane Lazzaris officer: Vice President, Legal Affairs WESCO INTERNATIONAL, INC., 225 WEST STATION SQUARE DRIVE, PITTSBURGH PA 15219
John Engel officer: SR. VICE PRESIDENT & COO 225 W. STATION SQUARE DRIVE, SUITE 700, PITTSBURGH PA 15219
Green Equity Investors Vii, L.p. 10 percent owner 11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Sundaram Nagarajan director 28601 CLEMENS ROAD, WESTLAKE OH 44145
Anne M Cooney director ONE PARK PLAZA, 11270 W. PARK PLACE, SUITE 1000, MILWAUKEE WI 53224
Christine Ann Wolf officer: SVP & CHRO 7480 FLYING CLOUG DRIVE, MINNEAPOLIS MN 55344
Steven A Raymund director C/O TECH DATA CORP, 5350 TECH DATA DRIVE, CLEARWATER FL 33760
Matthew S Kulasa officer: Sr. VP, Corporate Controller 100 E. WISCONSIN AVENUE, SUITE 2780, MILWAUKEE WI 53202
Lynn M Utter director C/O ADOLPH COORS CO, 311 10TH ST NH311 BOX 4030, GOLDEN CO 80401
James Louis Singleton director, 10 percent owner THE CYPRESS GROUP L.L.C., 65 EAST 55TH STREET, 28TH FLOOR, NEW YORK NY 10022