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
Corporate docs
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
News

Over $390 Million Bet On Occidental Petroleum? 4 Stocks Insiders Are Buying
9 Aug 22
Keybanc Maintains Overweight on WESCO International, Raises Price Target to $155
5 Aug 22
WESCO International Earlier Reported Q2 EPS $4.19 Beats $3.93 Estimate, Sales $5.48B Beat $5.31B Estimate
4 Aug 22
Recap: WESCO International Q2 Earnings
4 Aug 22
Earnings Scheduled For August 4, 2022
4 Aug 22
Press releases
Wesco International Reports Second Quarter 2022 Results
4 Aug 22
Wesco Announces Second Quarter 2022 Earnings Call and Investor Day
19 Jul 22
100 Years and Thriving: Wesco Announces Wesco Cares and Makes $5M Commitment to Community Partners.
22 Jun 22
Wesco Announces Upcoming Retirement of Ted Dosch
9 Jun 22
Wesco Declares Quarterly Dividend on Preferred Stock
3 Jun 22
Analyst ratings and price targets
Calendar
5 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Cost of revenue | |||||
Operating income | |||||
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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 |
Recent insider trades
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 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 332 |
Opened positions | 48 |
Closed positions | 56 |
Increased positions | 110 |
Reduced positions | 122 |
13F shares | Current |
---|---|
Total value | 7.44B |
Total shares | 52.79M |
Total puts | 349.7K |
Total calls | 156.8K |
Total put/call ratio | 2.2 |
Largest owners | Shares | Value |
---|---|---|
Leonard Green & Partners | 5.7M | $741.8M |
Green Equity Investors VII | 5.7M | $0 |
Vanguard | 4.56M | $593.21M |
BLK Blackrock | 3.36M | $436.79M |
Dimensional Fund Advisors | 2.68M | $348.19M |
MCQEF Macquarie | 2.66M | $345.55M |
Diamond Hill Capital Management | 2.07M | $270.03M |
Boston Partners | 2.02M | $261.21M |
Peconic Partners | 1.99M | $259.05M |
IVZ Invesco | 1.21M | $157.83M |
Financial report summary
?Competition
NOWRisks
- 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
?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
Financial reports
Current reports
8-K
Wesco International Reports Second Quarter 2022 Results
4 Aug 22
8-K
Entry into a Material Definitive Agreement
3 Aug 22
8-K
Wesco Announces Upcoming Retirement of Ted Dosch
9 Jun 22
8-K
Wesco Announces New $1 Billion Share Repurchase Authorization
1 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
31 May 22
8-K
Wesco International Reports First Quarter 2022 Results
5 May 22
8-K
Entry into a Material Definitive Agreement
2 Mar 22
8-K
Departure of Directors or Certain Officers
16 Feb 22
8-K
WESCO International, Inc. Reports Fourth Quarter
15 Feb 22
8-K
WESCO International, Inc. Reports Third Quarter 2021 Results
4 Nov 21
Registration and prospectus
S-8
Registration of securities for employees
7 Jul 21
RW
Registration withdrawal request
5 Oct 20
RW
Registration withdrawal request
5 Oct 20
S-8
Registration of securities for employees
29 Sep 20
S-8
Registration of securities for employees
29 Sep 20
S-8
Registration of securities for employees
29 Sep 20
8-A12B
Registration of securities on exchange
17 Jul 20
8-A12B
Registration of securities on exchange
19 Jun 20
425
Business combination disclosure
12 Jun 20
425
Business combination disclosure
1 Jun 20
Proxies
DEFA14A
Additional proxy soliciting materials
12 Apr 22
DEFA14A
Additional proxy soliciting materials
12 Apr 21
DEFA14A
Additional proxy soliciting materials
13 Apr 20
DEFA14A
Additional proxy soliciting materials
15 Apr 19
DEF 14A
Definitive proxy
15 Apr 18
DEFA14A
Additional proxy soliciting materials
15 Apr 18
Other
SD
Conflict minerals disclosure
27 May 22
SD
Conflict minerals disclosure
28 May 21
UPLOAD
Letter from SEC
16 Dec 20
CORRESP
Correspondence with SEC
10 Dec 20
UPLOAD
Letter from SEC
30 Nov 20
CERT
Certification of approval for exchange listing
22 Jul 20
CERT
Certification of approval for exchange listing
19 Jun 20
SD
Conflict minerals disclosure
28 May 20
EFFECT
Notice of effectiveness
12 Mar 20
CORRESP
Correspondence with SEC
9 Mar 20
Ownership
4
Change in insider ownership
8 Aug 22
4
WESCO INTERNATIONAL / Nelson John Squires III ownership change
6 Jul 22
4
WESCO INTERNATIONAL / Christine Ann Wolf ownership change
6 Jul 22
4
WESCO INTERNATIONAL / Diane Lazzaris ownership change
6 Jul 22
4
WESCO INTERNATIONAL / William Clayton Geary ownership change
6 Jul 22
4
WESCO INTERNATIONAL / David S. Schulz ownership change
6 Jul 22
4
WESCO INTERNATIONAL / Ted A Dosch ownership change
6 Jul 22
4
WESCO INTERNATIONAL / Hemant Porwal ownership change
6 Jul 22
4
WESCO INTERNATIONAL / JOHN ENGEL ownership change
6 Jul 22
4
WESCO INTERNATIONAL / James Cameron ownership change
6 Jul 22
Transcripts
2022 Q1
Earnings call transcript
5 May 22
2021 Q4
Earnings call transcript
15 Feb 22
2021 Q3
Earnings call transcript
4 Nov 21
2021 Q2
Earnings call transcript
7 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
9 Feb 21
2020 Q3
Earnings call transcript
7 Nov 20
2020 Q2
Earnings call transcript
13 Aug 20
2020 Q1
Earnings call transcript
30 Apr 20
2019 Q4
Earnings call transcript
30 Jan 20
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