WESCO International Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $1,995.5 million against $1,880.1 million for the same period in the last year. Income from operations was $124.2 million against $110.6 million for the same period in the last year. Income before income taxes was $104.0 million against $76.8 million for the same period in the last year. Net income was $74.1 million compared to $58.0 million a year ago. Net income attributable to the company was $74.5 million or $1.40 per diluted common share against $58.0 million or $1.09 per diluted common share for the same period in the last year. Adjusted income from operations was $124.2 million against $110.6 million for the same period in the last year. Adjusted income before income taxes was $104.0 million against $90.0 million for the same period in the last year. Adjusted net income attributable to the company was $74.5 million or $1.40 per diluted common share against $67.0 million or $1.26 per diluted common share for the same period in the last year. Free cash flow was $10.8 million against $128.1 million for the same period in the last year. Capital expenditures were $4.5 million in the fourth quarter compared to $7.3 million a year ago.

For the year, the company reported net sales of $7,889.6 million against $7,513.3 million for the same period in the last year. Income from operations was $466.2 million against $481.0 million for the same period in the last year. Income before income taxes was $384.1 million against $379.9 million for the same period in the last year. Net income was $275.4 million compared to $276.5 million a year ago. Net income attributable to the company was $275.9 million or $5.18 per diluted common share against $276.4 million or $5.25 per diluted common share for the same period in the last year. Net cash provided by operating activities was $251.1 million against $315.1 million for the same period in the last year. Capital expenditures were $20.5 million against $27.8 million for the same period in the last year. Adjusted income from operations was $466.2 million against $444.9 million for the same period in the last year. Adjusted income before income taxes was $384.1 million against $359.3 million for the same period in the last year. Adjusted net income attributable to the company was $275.9 million or $5.18 per diluted common share against $264.2 million or $5.02 per diluted common share for the same period in the last year. Adjusted EBITDA was $534.2 million against $512.5 million for the same period in the last year. Free cash flow was $230.6 million against $308.4 million for the same period in the last year.

The company provided earnings guidance for the first quarter and full year 2015. For the first quarter of 2015, the company expects sales growth of 5% to 7%, operating margin of 5.0% to 5.2% and effective tax rate of 29% to 30%.

For the full year 2015, the company expects sales growth of 3% to 6%, operating margin of 6.1% to 6.3%, effective tax rate of 29% and EPS of $5.50 to $5.90 per diluted share. Free cash flow of 80% of net income.