WESCO

WESCO International, Inc. is a holding company, which engages in the provision of electrical, industrial, communications maintenance, repair and operating, and original equipment manufacturers products. It also offers construction materials, and supply chain management and logistics services. Its product categories include general supplies, wire, cable and conduit, communications and security, electrical distribution and controls, lighting and sustainability, and automation, controls, and motors. The company operates through the following segments: Electrical & Electronic, Communications & Security, and Utility & Broadband Solutions. The Electrical & Electronic Solutions segment supplies a broad range of products and supply chain solutions primarily to the construction, industrial and original equipment manufacturer markets. The Communications & Security Solutions segment supplies products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail. The Utility & Broadband Solutions segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The company was founded in 1993 and is headquartered in Pittsburgh, PA.

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WESCO reports stellar 2022 performance, eyes growth amid challenges

WESCO's exceptional 2022 performance showcased record sales, margin, and profitability, with strong organic growth and strategic acquisitions driving future growth. While facing challenges like margin pressures and economic uncertainties, the company is well-positioned to capitalize on opportunities from infrastructure spending and digital transformation. Overall, WESCO's focus on margin expansion and cross-selling bodes well for sustained growth.

WESCO (WCC) reports record Q1 performance and eyes growth opportunities

WESCO anticipates strong growth in 2023 with margin expansion and cash flow generation.
Efforts to reduce debt leverage and optimize inventory management are key focus areas.
Digital investments and secular trends are driving growth opportunities in the UBS segment.
Despite challenges like unexpected costs, WESCO's performance and outlook remain positive.

WESCO reports mixed Q2 results, eyes growth amid pricing challenges

WESCO faced sales challenges in Q2 but showed strength in CSS and UBS businesses.
Maintained stable margins and strong free cash flow, with a focus on digital transformation.
Opportunities lie in improving EES performance, positive pricing trends, and enhanced cash generation post-merger.
Challenges include pricing expectations, extended lead times, and evaluating debt repayment options.

WESCO reports robust Q3 results, eyes growth in key segments

WESCO's Q3 performance reflected resilience and growth potential despite margin challenges and market softness in certain segments.
Strategic investments, debt reduction, and focus on inventory management position WESCO for sustained free cash flow generation and shareholder returns.
The company's strong sales, synergies, and leadership in key business segments signal a positive outlook for future growth and profitability.

WESCO reports disappointing Q4 results, eyes growth through digital transformation

WESCO's Q4 2023 fell short of expectations, but full-year revenue grew by 5%. The company aims to outperform in 2024 with a focus on digital transformation. Management is refining strategies amidst disappointing results and tough comparisons ahead.

WESCO reports solid Q1 performance, eyes data center growth

WESCO's Q1 performance met expectations with record free cash flow and reduced net debt. Challenges include lower organic sales and gross margin, offset by strong cash flow generation.
Strengths lie in consistent cash flow, divestiture of Integrated Supply business, and focus on data center growth. Opportunities include increased free cash flow outlook and potential in data center projects.
Maintaining outlook for full-year performance, WESCO is well-positioned for growth in data centers and utility sectors. Focus on inventory management and digital transformation to drive efficiency.

WESCO reports mixed Q2 results, focuses on long-term growth

WESCO's Q2 performance was mixed, with sales slightly below expectations but strong free cash flow generation and growth in key business segments.
The company faces challenges in the current economic environment and customer delays, leading to a revised full-year outlook.
Despite these challenges, WESCO's strategic strengths in acquisitions, financial performance, and market outperformance position it well for long-term growth.
Opportunities lie in continued M&A activity, market expansion, and investor communication to drive future growth and value creation.

WESCO reports robust Q3 sales driven by data center growth

WESCO delivered a strong performance in Q3 with robust sales, stable EBITDA margins, and strong free cash flow generation. While facing challenges in certain business segments, the company remains focused on value creation and operational enhancements. Opportunities lie in the data center business growth and ongoing digital transformation efforts.

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WESCO International, Inc. engages in providing business-to-business distribution, logistics services, and supply chain solutions. It operates through the following segments: Electrical and Electronic Solutions (EES), Communications and Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies a broad range of products and supply chain solutions primarily to the construction, industrial, and original equipment manufacturer markets. The CSS segment offers products and customized supply chain solutions to customers in a diverse range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail. The UBS segment provides electrical transmission and distribution products, power plant maintenance, repair and operations supplies, and smart-grid products, and arranges materials management and procurement outsourcing for the power generation, power transmission and electricity distribution industries. The company was founded in 1993 and is headquartered in Pittsburgh, PA.

PITTSBURGH , May 30, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, issued its annual sustainability report today. The report outlines Wesco's progress and key initiatives for advancing its environmental, social and governance (ESG) goals set in the 2021 report that include reducing greenhouse gas emissions by 30%, reducing landfill waste intensity by 15% across global locations, achieving a 15% reduction in total recordable incident rate (TRIR) and providing 425,000 hours of safety training and development to employees – all by 2030.

Wesco Reports Progress on 2030 Goals in Latest Sustainability Report

WESCO International's Q1 2024 sales declined due to volume declines across all segments, but the company's revenue growth outlook is positive. The company is poised to benefit from electrification, broadband expansion, infrastructure build, and data center demand in the medium to long term. The company's margins were adversely impacted in Q1 2024, but they are expected to sequentially improve in the coming quarters.

WESCO International: Healthy Demand Drivers, And Attractive Valuations (Rating Upgrade)

Wesco International is a B2B distribution company with operating segments in electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company was transformed after a major acquisition of Anixter for $4.5 billion in 2020. The stock is currently a hold due to concerns about high debt levels and limited potential for earnings growth.

Wesco International: Good Business At A High Price

Explore how Wesco International's (WCC) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Unlocking Wesco International (WCC) International Revenues: Trends, Surprises, and Prospects

WESCO's (WCC) first-quarter results reflect weak momentum across all business units.

WESCO (WCC) Q1 Earnings Miss Estimates, Sales Decline Y/Y

Although the revenue and EPS for Wesco International (WCC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Wesco International (WCC) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Wesco International (WCC) came out with quarterly earnings of $2.30 per share, missing the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $3.75 per share a year ago.

Wesco International (WCC) Misses Q1 Earnings Estimates

First quarter net sales down 3% YOY, organic sales down 3% First quarter operating profit of $263 million; operating margin of 4.9%      •   Adjusted EBITDA margin of 6.4%, down 60 basis points sequentially and 120 basis points YOY Operating cash flow of $746 million      •   Free cash flow of $731 million in the quarter, $1.4 billion over trailing twelve months Financial leverage of 2.6x, down 0.2x sequentially PITTSBURGH , May 2, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the first quarter of 2024. "Our first quarter sales met our expectations and were consistent with the outlook we provided during the quarter.

Wesco International Reports First Quarter 2024 Results

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Wesco International (WCC), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

Countdown to Wesco International (WCC) Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

PITTSBURGH , April 12, 2024 /PRNewswire/ --  Wesco International  (NYSE:WCC) will hold its first quarter 2024 earnings conference call on Thursday, May 2 at 10:00 a.m. ET. Dial-in details are below.

Wesco Announces First Quarter 2024 Earnings Call

Appointments support combined strategy of Vallen and Wesco Integrated Supply BELMONT, N.C. , April 11, 2024 /PRNewswire/ -- Vallen Distribution ("Vallen"), a provider of indirect industrial supply chain solutions, vendor managed inventory and technical services with offerings that include safety equipment inspection, maintenance, certification, and solution design, today announced key Executive Leadership positions, effective immediately.

Vallen Distribution Announces Key Executive Leadership Positions

PITTSBURGH , April 1, 2024 /PRNewswire/ -- Wesco International  (NYSE:WCC) announced today that it has completed the sale of its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The sale includes predominately all of Wesco's industrial maintenance, repair and operations (MRO) integrated supply business in North America and Europe.

Wesco Finalizes Sale of Integrated Supply Business to Vallen Distribution, Inc.

NEW YORK, NY / ACCESSWIRE / March 26, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

WESCO International, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - WCC

NEW YORK, NY / ACCESSWIRE / March 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

WCC ACTIVE INVESTIGATION: Contact Levi & Korsinsky if you lost money on your WESCO International, Inc. investment

NEW YORK, NY / ACCESSWIRE / March 20, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

WCC ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by WESCO International, Inc.

NEW YORK, NY / ACCESSWIRE / March 19, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

WESCO International, Inc. Investigated by Shareholder Rights Advocates - Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - WCC

NEW YORK, NY / ACCESSWIRE / March 18, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of WESCO International, Inc. ("WESCO") (NYSE:WCC) concerning possible violations of federal securities laws. On February 13, 2024, Wesco released its quarterly earnings for Q4-2023, which the Company described as "very disappointing" with sales and revenues below expectations.

Levi & Korsinsky Reminds Shareholders of an Investigation into WESCO International, Inc. (WCC) Regarding Potential Securities Fraud Allegations

Wesco International (WCC) reported earnings 30 days ago. What's next for the stock?

Why Is Wesco International (WCC) Up 14.1% Since Last Earnings Report?

PITTSBURGH , Feb. 26, 2024 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), priced its previously announced offering (the "Offering") to eligible purchasers of $900 million aggregate principal amount of 6.375% senior notes due 2029 (the "5-Year Notes") and $850 million aggregate principal amount of 6.625% senior notes due 2032 (the "8-Year Notes" and, together with the 5-Year Notes, the "Notes"). The aggregate principal amount of the 5-Year Notes to be issued in the Offering has been increased from the previously announced $750 million to $900 million.

Wesco Announces Pricing of Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032

PITTSBURGH , Feb. 26, 2024 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), intends to offer (the "Offering") to eligible purchasers, subject to market and other conditions, $750 million aggregate principal amount of senior notes due 2029 (the "5-Year Notes") and $750 million aggregate principal amount of senior notes due 2032 (the "8-Year Notes" and, together with the 5-Year Notes, the "Notes"). Wesco Distribution intends to use the net proceeds from this Offering, together with cash on hand, to redeem all of its outstanding 7.125% senior notes due 2025 (the "Wesco 2025 Notes") on or after June 15, 2024.

Wesco Announces Commencement of Private Offering of Senior Notes Due 2029 and Senior Notes Due 2032

Combined company will expand Vallen's vision to deliver unique and customizable supply chain solutions BELMONT, N.C. , Feb. 23, 2024 /PRNewswire/ -- Vallen Distribution ("Vallen"), a provider of indirect industrial supply chain solutions, vendor managed inventory and technical services with offerings that include safety equipment inspection, maintenance, certification, and solution design, is pleased to announce that it has signed a definitive agreement to acquire Wesco Integrated Supply (WIS), from Wesco International (NYSE: WCC).

VALLEN DISTRIBUTION TO ACQUIRE WESCO INTEGRATED SUPPLY

PITTSBURGH , Feb. 23, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) announced today that it has entered into a definitive agreement to sell its Wesco Integrated Supply (WIS) business to Vallen Distribution, Inc., a portfolio company of Nautic Partners, LLC, for a purchase price of $350 million. The Company expects to use the proceeds to reduce debt and repurchase shares.

Wesco Enters Agreement to Sell Integrated Supply Business to Vallen Distribution, Inc.

Wesco missed fourth-quarter expectations, and 2024 earnings guidance was a disappointment. The company's miss stood out among rivals, making some analysts question whether there are company-specific issues.

Wesco Stock Plunged This Week. Is the Drop a Buying Opportunity?

WESCO's (WCC) fourth-quarter results reflect sluggishness in the EES and UBS segments.

WESCO (WCC) Q4 Earnings Lag Estimates, Revenues Dip Y/Y

WESCO International, Inc. (WCC) Q4 2023 Earnings Call Transcript

News for WESCO Stock (WCC)