Wesco International Inc (WCC) stock surged 5.77% in pre-market trading on Tuesday, following the release of its fourth quarter 2024 and full-year results.

The industrial distribution company reported robust financial performance for the quarter ended December 31, 2024, with adjusted earnings per share of $3.16, up 19% year-over-year, beating analysts' estimates of $3.23. Net sales increased 0.5% to $5.50 billion, driven by strong growth in the Communication and Security Solutions (CSS) segment, partially offset by weakness in the Utility and Broadband Solutions (UBS) segment.

For the full year 2024, Wesco reported net sales of $21.82 billion, down 2.5% year-over-year, impacted by the divestiture of its Wesco Integrated Supply (WIS) business. However, adjusted EBITDA margin improved to 6.9%, and the company generated record operating cash flow of $1.1 billion.

Wesco's Chairman, President, and CEO, John Engel, expressed confidence in the company's future growth prospects, citing a robust opportunity pipeline, healthy backlog, and strong bid activity levels. He highlighted the company's focus on effective working capital management, which contributed to the record free cash flow generation of over $1 billion in 2024.

Looking ahead to 2025, Wesco expects organic sales growth of 2.5% to 6.5% and operating margin expansion across all three business units. The company also announced a 10% increase in its common stock dividend to $1.82 per share, reflecting its commitment to shareholder value creation.