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WCC Wesco International

WESCO International, Inc. is a publicly traded Fortune 500 holding company for WESCO Distribution, a multinational electrical distribution and services company based in Pittsburgh, Pennsylvania. WESCO International, Inc. is a provider of electrical, industrial, and communications, maintenance, repair and operating and original equipment manufacturer products, construction materials, and advanced supply chain management and logistic services. In the year 2019 their total revenue is approximately $17 billion. They have 18,000 employees, 30,000 suppliers and serve to 150,000 active customers worldwide. Their customers include commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. WESCO operates 10 fully automated distribution centers and 500 branches in North America and international markets.

Company profile

Ticker
WCC, WCC-PA
Exchange
Website
CEO
John Engel
Employees
Location
Fiscal year end
Former names
CDW HOLDING CORP
SEC CIK
IRS number
251723342

WCC stock data

(
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Calendar

1 Mar 21
13 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Mar 21 Utter LYNN M Common stock Sell Dispose S No No 88.072 750 66.05K 8,013
5 Mar 21 Utter LYNN M Common stock Sell Dispose S No No 85 625 53.13K 8,763
25 Feb 21 Utter LYNN M Common stock Sell Dispose S No No 83.8 625 52.38K 9,388
23 Feb 21 Hemant Porwal WESCO International Common Stock Sell Dispose S No No 79.5 4,301 341.93K 2,658
22 Feb 21 Hemant Porwal WESCO International Common Stock Payment of exercise Dispose F No No 80.63 1,577 127.15K 6,959
22 Feb 21 Hemant Porwal WESCO International Common Stock Sale back to company Dispose D No No 80.63 6,150 495.87K 8,536
22 Feb 21 Hemant Porwal WESCO International Common Stock Option exercise Aquire M No No 81.53 11,684 952.6K 14,686
22 Feb 21 Hemant Porwal WESCO International Common Stock Payment of exercise Dispose F No No 80.63 131 10.56K 3,002
22 Feb 21 Hemant Porwal WESCO International Common Stock Sale back to company Dispose D No No 80.63 2,983 240.52K 3,133
22 Feb 21 Hemant Porwal WESCO International Common Stock Option exercise Aquire M No No 81.53 3,458 281.93K 6,116

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

93.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 261 237 +10.1%
Opened positions 58 39 +48.7%
Closed positions 34 54 -37.0%
Increased positions 78 62 +25.8%
Reduced positions 88 103 -14.6%
13F shares
Current Prev Q Change
Total value 5.06B 2.07B +144.2%
Total shares 46.99M 47.06M -0.2%
Total puts 40.4K 115.9K -65.1%
Total calls 144.3K 103.1K +40.0%
Total put/call ratio 0.3 1.1 -75.1%
Largest owners
Shares Value Change
Leonard Green & Partners 5.7M $447.45M 0.0%
Vanguard 4.31M $338.55M +2.5%
BLK Blackrock 3.55M $278.6M +5.4%
Dimensional Fund Advisors 3M $235.78M -5.4%
Diamond Hill Capital Management 2.41M $189.55M +9.1%
MCQEF Macquarie 2.27M $177.86M +7.6%
Boston Partners 2.21M $173.17M +6.5%
Peconic Partners 1.71M $134.53M +7.9%
STT State Street 1.03M $80.79M -3.8%
Frontier Capital Management 997.83K $78.33M +20.4%
Largest transactions
Shares Bought/sold Change
Citadel Advisors 7.8K -999.45K -99.2%
Polaris Capital Management 0 -856.54K EXIT
Norges Bank 668.26K +668.26K NEW
Carlson Capital L P 0 -401.8K EXIT
Thrivent Financial For Lutherans 371.43K +371.43K NEW
140 Summer Partners 369.02K +369.02K NEW
Nuveen Asset Management 603.64K +349.74K +137.7%
Aqr Capital Management 24.1K -294.39K -92.4%
Friess Associates 262.46K +262.46K NEW
WFC Wells Fargo & Co. 240.94K -214.43K -47.1%

Financial report summary

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Competition
NOW
Risks
  • We may not be able to fully realize the anticipated benefits and cost savings of our merger with Anixter.
  • Expansion into new business activities, industries, product lines or geographic areas could subject the company to increased costs and risks and may not achieve the intended results.
  • Our strategic and operational initiatives are subject to various risks and uncertainties, and we may be unable to implement the initiatives successfully.
  • Any future acquisitions that we may undertake will involve a number of inherent risks, any of which could cause us not to realize the anticipated benefits.
  • Our global operations expose us to political, economic, legal , currency and other risks.
  • Adverse conditions in the global economy and disruptions of financial markets could negatively impact us and our customers.
  • Our business and operations have been and will continue to be adversely affected by the COVID-19 pandemic, and the duration and extent to which it will affect our business, financial condition, results of operations, cash flows, liquidity, and stock price remains uncertain.
  • We are subject to various laws and regulations globally and any failure to comply could adversely affect our business.
  • Fluctuations in foreign currency have an effect on our results from operations.
  • We may experience a failure in or breach of our information security systems, or those of our third-party service providers, as a result of cyber-attacks or information security breaches.
  • Loss of key suppliers could decrease sales, profit margins, and earnings.
  • Product cost fluctuations, lack of product availability, or inefficient supply chain operations could decrease sales, profit margins, and earnings.
  • A decline in project volume could adversely affect our sales and earnings.
  • We have risks associated with the sale of nonconforming products and services.
  • Disruptions to our logistics capability or supply chain may have an adverse impact on our operations.
  • An increase in competition could decrease sales, profit margins, and earnings.
  • Changes in tax laws or challenges to the Company's tax positions by taxing authorities could adversely impact the Company's results of operations and financial condition.
  • Our outstanding indebtedness requires debt service commitments that could adversely affect our ability to fulfill our obligations and could limit our growth and impose restrictions on our business.
  • Our debt agreements contain restrictive covenants that may limit our ability to operate our business.
  • We are subject to costs and risks associated with global laws and regulations affecting our business, as well as litigation for product liability or other matters affecting our business.
  • We must attract, retain and motivate key employees, and the failure to do so may adversely affect our business.
  • There is a risk that the market value of our common stock may decline.
Management Discussion
  • Net sales were $12.3 billion in 2020 compared with $8.4 billion in 2019, an increase of 47.5% due to the merger with Anixter that was completed on June 22, 2020, partially offset by the impact of weakened demand from the COVID-19 pandemic.
  • EES reported net sales of $5.5 billion in 2020, compared to $4.9 billion in 2019, an increase of 12.7%. The increase reflects the impact of the merger with Anixter, partially offset by weakened global demand in construction and industrial markets due to local and government shutdowns associated with the COVID-19 pandemic, as well as related disruptions to our suppliers and customers that have caused delays to projects.
  • CSS reported net sales of $3.3 billion in 2020, compared to $0.9 billion in 2019, an increase of 265.4%. The increase reflects the impact of the merger with Anixter. The COVID-19 pandemic had an overall negative impact on CSS sales, although some customers and end users are considered essential businesses that saw increased demand.
Content analysis
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Positive
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