Wesco International Inc. reported its first quarter 2025 results, showing a slight decline in net sales by 0.1% year-over-year, with figures reaching $5.344 billion compared to $5.350 billion in the prior year. Organic sales, however, saw an increase of 5.6% after adjusting for mergers and acquisitions, foreign exchange differences, and one less workday. Notably, data center sales surged by 70%. The company's net income attributable to common stockholders increased by 2.6% to $104 million, up from $101.4 million in the previous year. Wesco's diluted earnings per share rose by 7.7% to $2.10, compared to $1.95 in the first quarter of 2024. The gross margin slightly decreased by 10 basis points sequentially and 20 basis points year-over-year, standing at 21.1%. Operating cash flow for the quarter was reported at $28 million. The company plans to redeem preferred stock in June using proceeds from financing completed during the first quarter. Wesco reaffirmed its full-year 2025 outlook, citing positive momentum from the initial months of the year and highlighting growth trends in AI-driven data centers, power generation, electrification, automation, and reshoring.
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