Wesco announces new $1B share repurchase authorization

WESCO INTERNATIONAL INC

Board approved repurchase of up to $1B of common and preferred stock.
Program has no expiration; may be modified or terminated at any time.
CEO cites confidence in growth, strong free cash flow, and deleveraging.
Repurchases may be executed via open market, block trades, or 10b5-1 plans.
Company expects to reach target leverage range during Q2 2022.

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