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Wesco International (WCC)

WESCO International, Inc., a publicly traded FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain management solutions. Pro forma 2020 annual sales were over $16 billion, including full year sales for Anixter International which WESCO acquired in June 2020. WESCO offers a best-in-class product and services portfolio of Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions. The company employs approximately 18,000 people, maintains relationships with approximately 30,000 suppliers, and serves more than 125,000 customers worldwide. With nearly 1.5 million products, end-to-end supply chain services, and leading digital capabilities, WESCO provides innovative solutions to meet customer needs across commercial and industrial businesses, contractors, government agencies, institutions, telecommunications providers, and utilities. WESCO operates approximately 800 branch and warehouse locations in over 50 countries, providing a local presence for customers and a global network to serve multi-location businesses and multi-national corporations.

Company profile

Ticker
WCC, WCC-PA
Exchange
Website
CEO
John Engel
Employees
Location
Fiscal year end
Former names
CDW HOLDING CORP
SEC CIK
Subsidiaries
1502218 Alberta Ltd. • Accu-Tech Corporation • ALLNET Technologies Pty. Ltd. • Anixter Inc. • Anixter Argentina S.A. • Anixter Asia Holdings Limited • Anixter Australia • Anixter Austria GmbH • Anixter Bahamas Limited • Anixter (Barbados) SRL ...
IRS number
251723342

WCC stock data

Analyst ratings and price targets

Last 3 months

Calendar

5 Aug 22
12 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 236.79M 236.79M 236.79M 236.79M 236.79M 236.79M
Cash burn (monthly) (no burn) 4.26M (no burn) (no burn) 44.21M 28.35M
Cash used (since last report) n/a 6.2M n/a n/a 64.36M 41.27M
Cash remaining n/a 230.59M n/a n/a 172.43M 195.52M
Runway (months of cash) n/a 54.2 n/a n/a 3.9 6.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 134.9462 2,444 329.81K 3,412,258
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 134.9462 2,069 279.2K 2,887,742
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 134.3719 18,433 2.48M 3,409,814
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 134.3719 15,599 2.1M 2,885,673
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 133.6572 33,286 4.45M 3,391,381
8 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 133.6572 28,169 3.76M 2,870,074
5 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 132.9445 11,812 1.57M 3,358,095
5 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 132.9445 9,997 1.33M 2,841,905
5 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 132.3663 40,146 5.31M 3,346,283
5 Aug 22 Green Equity Investors VII Common Stock Buy Acquire P No No 132.3663 33,975 4.5M 2,831,908
13F holders Current Prev Q Change
Total holders 332 340 -2.4%
Opened positions 48 75 -36.0%
Closed positions 56 33 +69.7%
Increased positions 110 94 +17.0%
Reduced positions 122 124 -1.6%
13F shares Current Prev Q Change
Total value 7.44B 6.52B +14.1%
Total shares 52.79M 52.88M -0.2%
Total puts 349.7K 333K +5.0%
Total calls 156.8K 196.1K -20.0%
Total put/call ratio 2.2 1.7 +31.3%
Largest owners Shares Value Change
Leonard Green & Partners 5.7M $741.8M 0.0%
Green Equity Investors VII 5.7M $0 0.0%
Vanguard 4.56M $593.21M +0.8%
BLK Blackrock 3.36M $436.79M +2.1%
Dimensional Fund Advisors 2.68M $348.19M -0.4%
MCQEF Macquarie 2.66M $345.55M +8.2%
Diamond Hill Capital Management 2.07M $270.03M +5.0%
Boston Partners 2.02M $261.21M -1.6%
Peconic Partners 1.99M $259.05M +3.4%
IVZ Invesco 1.21M $157.83M +44.2%
Largest transactions Shares Bought/sold Change
FMR 2.72K -1.32M -99.8%
PXGPE Phoenix 543.97K +443.47K +441.3%
Norges Bank 0 -443.32K EXIT
IVZ Invesco 1.21M +371.97K +44.2%
GMT Capital 328K +328K NEW
Premier Fund Managers 255.22K +255.22K NEW
Wellington Management 1.08M +249.11K +30.0%
Lord, Abbett & Co. 0 -237K EXIT
Westfield Capital Management 686.78K +205.48K +42.7%
MCQEF Macquarie 2.66M +200.6K +8.2%

Financial report summary

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Competition
NOW
Risks
  • Our global operations expose us to political, economic, legal, currency and other risks.
  • Adverse conditions in the global economy and disruptions of financial and commodities 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 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.
  • We may experience a failure in or breach of our information security systems, or those of our third-party product suppliers or service providers, as a result of cyber-attacks or information security breaches.
  • Loss of key suppliers could decrease sales, profit margins and earnings.
  • We have been and may continue to be adversely affected by supply chain challenges, including product shortages, delays and price increases, which could decrease sales, profit margins and earnings.
  • Product cost fluctuations 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 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, and fluctuations in interest rates could affect the cost of our indebtedness.
  • 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 our 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
  • Item 2.    Management's Discussion and Analysis of Financial Condition and Results of Operations.
  • In addition to the results provided in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), our discussion and analysis of financial condition and results of operations includes certain non-GAAP financial measures, which are defined further below. These financial measures include organic sales growth, earnings before interest, taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA, adjusted EBITDA margin, financial leverage, adjusted selling, general and administrative expenses, adjusted income from operations, adjusted provision for income taxes, adjusted income before income taxes, adjusted net income, adjusted net income attributable to WESCO International, Inc., adjusted net income attributable to common stockholders, and adjusted earnings per diluted share. We believe that these non-GAAP measures are useful to investors as they provide a better understanding of our financial condition and results of operations on a comparable basis. Additionally, certain non-GAAP measures either focus on or exclude items impacting comparability of results, allowing investors to more easily compare our financial performance from period to period. Management does not use these non-GAAP financial measures for any purpose other than the reasons stated above.
  • Wesco, headquartered in Pittsburgh, Pennsylvania, is a leading provider of business-to-business distribution, logistics services and supply chain solutions.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: authorization, context, payout, repurchase
Removed: achievement, conform, deductible, dependent, half, presentation, surveillance