WESCO International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, saw its stock soar 5.77% in pre-market trading on Tuesday. The surge came after the company reported strong fourth-quarter and full-year 2024 results, driven by growth in its data center, broadband, and electrical and electronic solutions businesses.

For the fourth quarter ended December 31, 2024, WESCO reported:

• Net sales increased 0.5% year-over-year to $5.5 billion, beating analysts' estimates.
• Adjusted earnings per diluted share rose 19% to $3.16, narrowly missing expectations.
• Adjusted EBITDA margin stood at 6.7%, compared to 7.0% in the prior-year quarter.

The company's strong performance was driven by a 70% year-over-year increase in its global data center business, 20% growth in broadband solutions, and renewed positive momentum in electrical and electronic solutions. However, these gains were partially offset by a slowdown in industrial customers and continued weakness in the utility business.

For the full year 2024, WESCO reported:

• Net sales decreased 2.5% to $21.8 billion, impacted by the divestiture of its integrated supply business.
• Adjusted earnings per diluted share fell 16% to $12.23, mainly due to increased costs.
• Adjusted EBITDA margin declined 70 basis points to 6.9%.

Commenting on the results, John Engel, Chairman, President, and CEO, said, "Our opportunity pipeline remains at a record level, backlog remains healthy, and bid activity levels remain very strong. We're well-positioned to deliver outsized growth due to the secular trends of AI-driven data centers, increased power generation, electrification, automation, and reshoring."

Additionally, WESCO announced a 10% increase in its annual dividend to $1.82 per share, reflecting the company's strong cash flow generation and commitment to returning value to shareholders.