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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

7 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 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.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 303.89M 303.89M 303.89M 303.89M 303.89M 303.89M
Cash burn (monthly) 48.42M 3.22M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 198.41M 13.21M n/a n/a n/a n/a
Cash remaining 105.47M 290.68M n/a n/a n/a n/a
Runway (months of cash) 2.2 90.2 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
2 Jul 21 Engel John Common Stock Payment of exercise Dispose F No No 103.74 16,326 1.69M 202,286
2 Jul 21 Engel John Common Stock Option exercise Aquire M No No 0 37,290 0 218,612
2 Jul 21 Engel John RSU Common Stock Option exercise Dispose M No No 0 37,290 0 87,011
2 Jul 21 James Cameron Common Stock Payment of exercise Dispose F No No 103.74 3,243 336.43K 10,201
2 Jul 21 James Cameron Common Stock Option exercise Aquire M No No 0 7,458 0 13,444
2 Jul 21 James Cameron RSU Common Stock Option exercise Dispose M No No 0 7,458 0 17,402
2 Jul 21 Ted A Dosch Common Stock Payment of exercise Dispose F No No 103.74 5,691 590.38K 19,767
2 Jul 21 Ted A Dosch Common Stock Option exercise Aquire M No No 0 13,051 0 25,458
2 Jul 21 Ted A Dosch RSU Common Stock Option exercise Dispose M No No 0 13,051 0 30,454
2 Jul 21 William Clayton Geary Common Stock Payment of exercise Dispose F No No 103.74 4,130 428.45K 6,912

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

13F holders
Current Prev Q Change
Total holders 275 8 +3337.5%
Opened positions 271 2 +13450.0%
Closed positions 4 2 +100.0%
Increased positions 1 2 -50.0%
Reduced positions 2 1 +100.0%
13F shares
Current Prev Q Change
Total value 5.27B 690.69M +663.1%
Total shares 51.47M 10.86M +374.0%
Total puts 161.2K 0 NEW
Total calls 177.4K 0 NEW
Total put/call ratio 0.9
Largest owners
Shares Value Change
Leonard Green & Partners 5.7M $493.22M NEW
Green Equity Investors VII 5.7M $0 0.0%
Vanguard 4.43M $383.14M NEW
BLK Blackrock 3.97M $343.73M NEW
Dimensional Fund Advisors 2.86M $247.86M -4.6%
MCQEF Macquarie 2.48M $214.31M NEW
Diamond Hill Capital Management 2.26M $195.19M NEW
Boston Partners 2.16M $187.08M +5.5%
Peconic Partners 1.74M $150.62M NEW
Nuveen Asset Management 1.01M $87.33M NEW
Largest transactions
Shares Bought/sold Change
Leonard Green & Partners 5.7M +5.7M NEW
Vanguard 4.43M +4.43M NEW
BLK Blackrock 3.97M +3.97M NEW
MCQEF Macquarie 2.48M +2.48M NEW
Diamond Hill Capital Management 2.26M +2.26M NEW
Peconic Partners 1.74M +1.74M NEW
Nuveen Asset Management 1.01M +1.01M NEW
STT State Street 991.25K +991.25K NEW
New South Capital Management 896.32K +896.32K NEW
Geode Capital Management 748.82K +748.82K NEW

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 $4.0 billion for the first quarter of 2021 compared to $2.0 billion for the first quarter of 2020, an increase of 105.3%. The increase primarily reflects the merger with Anixter that was completed on June 22, 2020, along with growth across all segments, as described further below. WESCO's book-to-bill ratio, which measures orders received from customers relative to products shipped and billed during the quarter, was above 1.0 at the end of the first quarter of 2021 indicating strong demand. Backlog has grown double digits since the end of the fourth quarter of 2020.
  • EES reported net sales $1.7 billion for the first quarter of 2021, compared to $1.1 billion for the first quarter of 2020, an increase of 54.4%. In addition to the impact of the merger, the increase reflects growth in our construction and original equipment manufacturer businesses due to improving economic conditions and strong demand.
  • CSS reported net sales of $1.3 billion for the first quarter of 2021, compared to $223.7 million for the first quarter of 2020, an increase of 459.0%. The increase reflects the impact from the merger and growth in security solutions, partially offset by project timing, a slowdown in safety sales and the impact of COVID-19 in certain regions.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
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