Wesco's growth is accelerating.
Wesco International held a conference call on Dec. 13 to provide a business update and issue fiscal 2018 guidance. The narrow-moat industrial distributor sees sales growing 3% to 6% in fiscal 2018, operating margin between 4.2% and 4.6% (versus 4.1% to 4.3% in 2017), and diluted EPS of $4.05 to $4.55 (versus 2017 midpoint EPS guidance of $3.85). Prior to the call, we had been modeling 6% top-line growth in 2018 and a 4.4% operating margin. We did not change either of those assumptions, but we di...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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