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WESCO International Inc (WCC) Q4 2020 Earnings Call Transcript


Operator
Good morning, and welcome to the WESCO Fourth Quarter and Full Year 2020 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to Leslie Hunziker. Please go ahead.
Leslie Hunziker
Thank you, and good morning, everyone.
Before we get started, I want to remind you that certain statements made on this call contain forward-looking information. Forward-looking statements are not guarantees of performance and by their nature are subject to inherent uncertainties. Actual results may differ materially. Please see our webcast slides as well as the Company s SEC filings for additional risk factors and disclosures. Any forward-looking information relayed on this call speaks only as of this date, and the Company undertakes no obligation to update the information to reflect changed circumstances. ....

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WESCO 'Thrilled' with Anixter Integration Efforts


The integration process is going so well that overall goals have changed.
Feb 1st, 2021
WESCO, the giant electrical/supply chain management distributor, appears to be on track for a successful integration of Anixter into its business operations.
In releasing its first full quarterly earnings statement since its huge $4.3 billion acquisition of Anixter, WESCO showed that its cost synergy savings has far exceeded expectations. Company officials also noted the successes-and potential-across the board for sales, cost, margins, profit, EPS, free cash flow generation and reduced financial leverage.
John Engel, chairman, president and CEO of WESCO, told financial analysts in October that he was “thrilled” with the integration thus far and said the company is now substantially increasing its cost synergy savings estimates over the next three years. ....

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Technavio Research: $ 1.08 Billion Growth in Submarine Power Cable Market During 2020-2024 | Featuring ABB Ltd. and Anixter International Inc. Among Others


Technavio Research: $ 1.08 Billion Growth in Submarine Power Cable Market During 2020-2024 | Featuring ABB Ltd. and Anixter International Inc. Among Others | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210127005572/en/
Technavio has announced its latest market research report titled Global Submarine Power Cable Market 2020-2024 (Graphic: Business Wire)
Amid the COVID-19 pandemic, the global submarine power cable market registered a YOY growth of 1.74% in 2020 and the market is estimated to expand at a CAGR of over 4% during the forecast period. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios. ....

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