WESCO International, Inc. provides business-to-business distribution, logistics, and supply chain solutions in the United States, Canada, and internationally. It operates in three segments: Electrical & Electronic Solutions (EES), Communications & Security Solutions (CSS), and Utility and Broadband Solutions (UBS). The EES segment supplies products and supply chain solutions, including electrical equipment and supplies, wires and cables, lubricants, pipes, valves, fittings, fasteners, cutting tools, power transmission products, and safety products, as well as assemblies and components; and provides various value-added services, such as supplier consolidation, design and technical support, just-in-time supply and electronic commerce, and supply chain management services to the construction, industrial, and original equipment manufacturing markets. The CSS segment provides copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinets, power, cable management, wireless, professional audio/video, voice and networking switches, and other ancillary products; and value-added supply chain solutions, including inventory management, product packaging and enhancement, and customized supply chain services to the network infrastructure and security markets. The UBS segment supplies electrical transmission and distribution, power plant maintenance, repair and operations supplies, and smart-grid products; arranges materials management and procurement outsourcing services for the power generation, transmission, and distribution industries; and offers conductors, transformers, overhead transmission and distribution hardware, switches, protective devices and underground distribution products, connectors, critical components, and lighting and conduit products for the investor-owned utilities, public power companies, and contractors. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
IPO Year: 1999
Exchange: NYSE
Website: wesco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/16/2024 | $522.00 → $550.00 | Neutral → Outperform | Robert W. Baird |
| 5/29/2024 | $200.00 → $195.00 | Outperform → Neutral | Robert W. Baird |
| 2/13/2024 | $202.00 → $173.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 10/6/2023 | $180.00 | Neutral → Overweight | JP Morgan |
| 5/5/2023 | $180.00 | Neutral → Outperform | Robert W. Baird |
| 10/17/2022 | $148.00 → $150.00 | Hold → Buy | Jefferies |
| 2/16/2022 | $160.00 → $170.00 | Buy | Loop Capital |
| 11/5/2021 | $145.00 → $165.00 | Strong Buy | Raymond James |
| 11/5/2021 | $140.00 → $165.00 | Overweight | Stephens & Co. |
| 11/5/2021 | $135.00 → $155.00 | Overweight | Keybanc |
PITTSBURGH, Dec. 6, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) today announced it has completed its purchase of Ascent, a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services. Wesco previously announced its plan to acquire Ascent on October 31. Ascent, known for its specialized data center facility and property management services, has $115 million in trailing twelve-month sales as of June 30 and a three-year sales compound annual growth rate in excess of 30%. With more than 300 employees in the
PITTSBURGH, Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2024 through December 31, 2024.
PITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) today announced it has entered a definitive agreement to acquire Ascent LLC., a privately held company headquartered in St. Louis, Missouri and a premier provider of data center facility management services for a cash-free, debt-free purchase price of $185 million. Ascent, known for its specialized data center facility and property management services, has $115 million in trailing twelve-month sales and a 30% three-year sales compound annual growth rate. Ascent delivers solutions for every aspect of missi
Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestitureOrganic sales down 0.6% YOY and up 0.1% sequentiallyThird quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentiallyAdjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023Reaffirming full-year outlookPITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business dis
PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its third quarter 2024 earnings conference call on Thursday, October 31 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be participating in the Baird Industrial Conference on November 13, Stephens Investment Conference on November 20, and the Bank of America Leverage
PITTSBURGH, Sept. 26, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), will provide an update regarding its long-term growth strategy at its Investor Day meeting taking place in-person at its innovation center in Glenview, Ill. and online today at 9 a.m. Central Time. Wesco will share an update on its digitally enabled business transformation and expansive capabilities to support long-term growth and margin expansion. Consistent with prior expectations, over the long term it expects to achieve mid-single-digit organic growth, driven by a strategic shift into higher growth
PITTSBURGH, Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024 through September 30, 2024
Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentiallySecond quarter operating profit of $324 million; operating margin of 5.9%Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentiallyAdjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOYDivestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024Utilized net proceeds to complete $300 million of share repurchasesOperating cash flow of $523 million for the first six months of 2024PITTSBURGH, Aug. 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and sup
PITTSBURGH, July 11, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its second quarter 2024 earnings conference call on Thursday, August 1 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com/, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be hosting its 2024 Investor Day on Thursday, September 26. Additional information, including instructions on how to register for virtual or in-pe
PITTSBURGH, July 2, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, has certified as a Great Place to Work® in the U.S. "We're particularly proud of this award, because the recognition comes directly from our employees," says Chris Wolf, Chief Human Resources Officer at Wesco. "We knew we had a great culture here, but we're honored to make it official with Great Place to Work certification." Overall, 73% of Wesco employees reported they believed Wesco is a great place t
PITTSBURGH, Dec. 2, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period October 1, 2024 through December 31, 2024.
Third quarter reported net sales down 2.7% YOY due primarily to the Wesco Integrated Supply divestitureOrganic sales down 0.6% YOY and up 0.1% sequentiallyThird quarter operating profit of $336 million; operating margin of 6.1% Gross margin of 22.1%, up 50 basis points YOY and up 20 basis points sequentiallyAdjusted EBITDA margin of 7.3%, down 80 basis points YOY and flat sequentially Operating cash flow of $302 million in the third quarter and $825 million for the first nine months of 2024, up from $424 million in the first nine months of 2023Reaffirming full-year outlookPITTSBURGH, Oct. 31, 2024 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business dis
PITTSBURGH, Oct. 14, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its third quarter 2024 earnings conference call on Thursday, October 31 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation and a replay of the webcast will be available. In addition, Wesco will be participating in the Baird Industrial Conference on November 13, Stephens Investment Conference on November 20, and the Bank of America Leverage
PITTSBURGH, Aug. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period July 1, 2024 through September 30, 2024
Second quarter net sales down 4.6% YOY, organic sales down 0.8% YOY and up 4.7% sequentiallySecond quarter operating profit of $324 million; operating margin of 5.9%Gross margin of 21.9%, up 30 basis points YOY and up 60 basis points sequentiallyAdjusted EBITDA margin of 7.3%, up 90 basis points sequentially and down 40 basis points YOYDivestiture of Wesco Integrated Supply (WIS) completed on April 1, 2024Utilized net proceeds to complete $300 million of share repurchasesOperating cash flow of $523 million for the first six months of 2024PITTSBURGH, Aug. 1, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and sup
PITTSBURGH, June 5, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, today announced it has completed the purchase of entroCIM, an innovator in data center and building intelligence software. The initial purchase price was $30 million with the opportunity for an additional earnout based on performance. Additional terms of the transaction were not disclosed. entroCIM's Central Intelligence Manager (CIM) is an HTML5 browser-based application sold as-a-service to connect de
PITTSBURGH, May 30, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on June 28, 2024 to the holders of record of the common stock at the close of business on June 14, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period April 1, 2024 through June 30, 2024. The dividend
First quarter net sales down 3% YOY, organic sales down 3%First quarter operating profit of $263 million; operating margin of 4.9% • Adjusted EBITDA margin of 6.4%, down 60 basis points sequentially and 120 basis points YOYOperating cash flow of $746 million • Free cash flow of $731 million in the quarter, $1.4 billion over trailing twelve monthsFinancial leverage of 2.6x, down 0.2x sequentiallyPITTSBURGH, May 2, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the first quarter of 2024.
PITTSBURGH, Feb. 29, 2024 /PRNewswire/ -- The Board of Directors of Wesco International (NYSE:WCC) today declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on March 29, 2024 to the holders of record of the common stock at the close of business on March 15, 2024. In addition, the Board of Directors declared cash dividends on the company's 10.625% Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock for the period January 1, 2024 through March 31, 2024. The div
Fourth quarter net sales down 2% YOY, organic sales down 3%Fourth quarter operating profit of $316 million; operating margin of 5.8%Adjusted EBITDA margin of 7.0%, down 110 basis points sequentially and YOYFull-year record net sales up 5% YOY, organic sales up 3% Full-year operating profit of $1.4 billion; operating margin of 6.3%Adjusted EBITDA margin of 7.6%, down 50 basis points YOYEffectively managing financial leverage and revising target range to 1.5x-2.5x2024 outlook is for sales growth of 1% to 4% and adjusted EBITDA margin of 7.5% to 7.9%Free cash flow of $600 - $800 millionPITTSBURGH, Feb. 13, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-bu
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Robert W. Baird upgraded Wesco from Neutral to Outperform and set a new price target of $550.00 from $522.00 previously
Robert W. Baird downgraded Wesco from Outperform to Neutral and set a new price target of $195.00 from $200.00 previously
RBC Capital Mkts downgraded Wesco from Outperform to Sector Perform and set a new price target of $173.00 from $202.00 previously
JP Morgan upgraded Wesco from Neutral to Overweight and set a new price target of $180.00
Robert W. Baird upgraded Wesco from Neutral to Outperform and set a new price target of $180.00
Jefferies upgraded Wesco from Hold to Buy and set a new price target of $150.00 from $148.00 previously
Loop Capital reiterated coverage of WESCO International with a rating of Buy and set a new price target of $170.00 from $160.00 previously
Raymond James reiterated coverage of WESCO International with a rating of Strong Buy and set a new price target of $165.00 from $145.00 previously
Stephens & Co. reiterated coverage of WESCO International with a rating of Overweight and set a new price target of $165.00 from $140.00 previously
Keybanc reiterated coverage of WESCO International with a rating of Overweight and set a new price target of $155.00 from $135.00 previously
PITTSBURGH, April 12, 2024 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its first quarter 2024 earnings conference call on Thursday, May 2 at 10:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com/, where related materials will be posted prior to the presentation and a replay of the webcast will be available. Wesco will also be participating in the Oppenheimer Industrial Growth Conference on May 7, Wolfe Research Global Transportation & Industrials Conference on May 21, Barclays L
Oldcastle BuildingEnvelope, Inc. ("OBE" or the "Company") announced today that Bruno Biasiotta will step down as Chief Executive Officer to focus on his health and family. OBE's Chief Financial Officer, Michael (Mike) Marcely, will assume the responsibilities of Interim Chief Executive Officer effective immediately. The Company also announced the appointment of Steve Dean as President – Glass and Glazing Systems. Mr. Dean joins OBE after serving 25 years in senior roles at Wesco International, Inc. (NYSE:WCC) and Anixter International Inc., most recently as Senior Vice President & General Manager – Utility. Raquel Vargas Palmer, Co-Managing Partner of KPS Capital Partners, LP and Chairp
Ken Parks to become Chief Financial Officer of GE Vernova Vic Abate to become Chief Executive Officer of GE Vernova's Wind segment GE Vernova Leadership Team fully staffed ahead of spin-off GE (NYSE:GE) announced today that GE Vernova has appointed two new leaders to its leadership team. These appointments complete the executive leadership team for GE Vernova as the business prepares to launch as an independent company sometime in early 2024. Kenneth "Ken" Parks will join GE Vernova as Chief Financial Officer (CFO), effective October 2, 2023. Ken brings extensive public company CFO experience and 38 years of comprehensive financial leadership to the role, having guided organizat
The board of directors of Ryder System, Inc. (NYSE:R), a leader in supply chain, dedicated transportation, and commercial fleet management solutions, today announces the appointment of Charles M. "Chuck" Swoboda to its board, effective December 12, 2022. Mr. Swoboda will serve as a member of the audit and governance committees. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221212005069/en/Ryder appoints Charles M. "Chuck" Swoboda to its board of directors, effective December 12, 2022. (Photo: Business Wire) "The board nominated Mr. Swoboda as director for his impressive leadership experience," says Ryder Chairman and CEO Robert
WESCO International, Inc. (NYSE:WCC) announces the retirement of Mr. Theodore A. Dosch, Executive Vice President, Strategy and Chief Transformation Officer, effective August 5, 2022. Mr. Dosch has served in this position since June 2020 upon the completion of Wesco's transaction with Anixter. He previously served as Anixter's Executive Vice President – Finance and Chief Financial Officer. John J. Engel, Wesco's Chairman, President and CEO, stated, "We thank Ted for his many contributions to our successful integration of Wesco and Anixter over the last 24 months which will benefit our stakeholders for many years to come. We greatly appreciate Ted's leadership and commitment to excellence, a