WCC
WESCO International, Inc.258.42
-0.42-0.16%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms outlook; UBS color, FCF plans
Q&A largely reaffirmed prepared remarks, offering color on UBS public power drag from transformer inventory normalization and competitive RFPs, pushing sales growth to year-end 2026 while IOUs and grid services accelerate. Management stayed cautious on supplier price notifications—up 125% in count, mid-single digits average—not baked into guidance due to lags, despite margin upside potential. Free cash flow initiatives spotlight digital inventory planning and AR incentives to deliver $500M-$800M. All three SBUs grew backlogs in unseasonal Q4. Data centers nowhere near peak. Watch UBS turnaround and cash conversion.
Key Stats
Market Cap
12.58BP/E (TTM)
20.28Basic EPS (TTM)
12.74Dividend Yield
0.01%Recent Filings
8-K
Wesco issues $1.5B notes
Wesco Distribution completed a $650M 5.250% notes offering due 2031 and $850M 5.500% notes due 2034 on February 27, 2026, netting ~$1.48B. Proceeds will redeem 7.250% 2028 notes post-June 15, 2026, and repay ABL Facility debt—lowering rates but extending maturities. Notes carry standard covenants and change-of-control repurchase rights.
8-K
Prices $1.5B notes to refinance
WESCO Distribution priced $650M 5.250% senior notes due 2031 and upsized $850M 5.500% notes due 2034 in a private offering, settling February 27, 2026. Net proceeds of ~$1.48B will redeem all 7.250% notes due 2028 after June 15, 2026, while trimming ABL Facility debt. Notes are unsecured, guaranteed by WESCO and Anixter. Closing hinges on customary conditions.
8-K
CFO transition completed
WESCO International completed the CFO transition on February 16, 2026, with Indraneel 'Neel' Dev succeeding David S. Schulz, who continues as EVP and special advisor to the CEO until retiring May 31, 2026. Transition smooth. This ensures continuity in financial leadership amid Schulz's planned exit.
10-K
FY2025 results
Wesco delivered FY2025 net sales of $23.5B, up 7.8% reported and 8.6% organic from $21.8B in 2024, fueled by CSS data center strength (+16.7% organic) and EES volume/price gains (+7.5% organic), though UBS dipped 1.0% organic on public power weakness. Q4 momentum shone through CSS's 15% volume surge and EES's steady OEM/construction growth, but gross margins compressed 50bps to 21.1% on project mix and UBS competition. Adjusted EBITDA edged up 1.8% to $1.5B despite $5.8B debt; free cash flow not disclosed. Liquidity stands firm at $1.6B with Series A Preferred redeemed. Supply chain disruptions threaten quarterly momentum.
8-K
CFO transition announced
WESCO announced CFO Dave Schulz's retirement effective May 31, 2026, with a transition starting a mutually agreed February 2026 date when Indraneel Dev joins as new EVP and CFO. Dev brings telecom finance expertise from Congruex and Lumen, securing $800,000 base, $500,000 sign-on cash, and $4.3M in RSUs. Smooth handover planned. New blood sharpens strategy execution.
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