WESCO International, Inc.
228.29+7.52 (+3.41%)
Oct 29, 4:00:02 PM EDT · NYSE · WCC · USD
Key Stats
Market Cap
11.11BP/E (TTM)
17.89Basic EPS (TTM)
12.76Dividend Yield
0.01%Recent Filings
8-K
Exec VP Squires exits WESCO
WESCO International terminated its employment agreement with Executive Vice President and General Manager of Electrical & Electronics Solutions, Nelson J. Squires III, via a Release signed on September 10, 2025, effective September 18, 2025. The deal locks in severance benefits from his 2020 agreement, plus tax equalization for 2025-2026 equity grants tied to his expatriate stint. Squires commits to non-compete and confidentiality clauses. Leadership shuffle underway.
8-K
Wesco appoints EES leader
Wesco International announced Daniel Castillo's appointment as Executive Vice President and General Manager of its Electrical and Electronic Solutions unit, effective September 1, 2025, succeeding retiring Nelson Squires, whose departure takes effect September 30. Castillo brings a proven track record from roles at Brinks, JELD-WEN, and Eaton to capitalize on EES's 6% year-over-year sales growth in Q2, fueled by data centers and infrastructure projects. This leadership shift positions the unit to leverage electrification and AI trends. Yet, integration of new leadership carries execution risks.
8-K
Wesco Q2 sales surge 7.7%
Wesco International reported Q2 2025 net sales of $5.9B, up 7.7% year-over-year, with organic growth of 7.2% driven by 17% in Communications & Security Solutions and 6% in Electrical & Electronic Solutions, while Utility & Broadband dipped 4%. Data center sales topped $1B, surging 65% year-over-year, boosting backlog 11% across segments. Adjusted EBITDA margin hit 6.7%, up 90 basis points sequentially on sales leverage; preferred stock redemption cuts costs, lifting EPS run rate. Momentum persists with July sales up 10%, yet tariff pressures loom.
10-Q
Q2 FY2025 results
Wesco's Q2 sales climbed 7.7% year-over-year to $5.9B, fueled by 7.2% organic growth (derived) from data center demand in CSS and volume gains in EES, though UBS dipped 4.5% on destocking. Operating income held steady at $322.2M despite a 80 basis point gross margin squeeze to 21.1%, while net income attributable to common stockholders rose to $189.2M or $3.83 diluted EPS, boosted by a $27.6M preferred stock redemption gain; EPS aligns with 49.4M diluted shares. Cash dipped to $667.0M amid $135.8M operating cash flow and $42.2M capex, yielding $93.6M free cash flow (derived), with total debt at $5.7B including $800M new 6.375% notes due 2033 funding the redemption. January's $36.3M ISS acquisition added $20.1M goodwill to EES. Competition from digital disruptors sharpens pricing risks.
8-K
WESCO enables special stockholder meetings
WESCO International amended its Restated Certificate of Incorporation and By-Laws on July 16, 2025, granting stockholders the right to request special meetings, as approved at the 2025 annual meeting. These changes introduce procedural and disclosure requirements to facilitate the new right while incorporating clarifying updates. Procedural hurdles remain. This bolsters shareholder engagement without altering core governance.
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