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 |
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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
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
PITTSBURGH, Nov. 30, 2023 /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 $0.375 per share. The dividend is payable on December 29, 2023 to the holders of record of the common stock at the close of business on December 15, 2023. 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, 2023 through December 31, 2023.
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, 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
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
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume ACHR CALL TRADE BEARISH 10/18/24 $6.00 $1.0 million 20.4K 69.3K CHPT CALL SWEEP BULLISH 08/02/24 $2.5
WESCO Intl (NYSE:WCC) has outperformed the market over the past 5 years by 14.75% on an annualized basis producing an average annual return of 28.13%. Currently, WESCO Intl has a market capitalization of $8.65 billion. Buying $100 In WCC: If an investor had bought $100 of WCC stock 5 years ago, it would be worth $348.08 today based on a price of $170.14 for WCC at the time of writing. WESCO Intl's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and review
WESCO Intl's (NYSE:WCC) short percent of float has risen 9.7% since its last report. The company recently reported that it has 2.07 million shares sold short, which is 4.75% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.66 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is im
7 analysts have expressed a variety of opinions on WESCO Intl (NYSE:WCC) over the past quarter, offering a diverse set of opinions from bullish to bearish. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 1 0 0 2M Ago 1 2 1 0 0 3M Ago 0 1 0 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $190.57, a high estimate of $205.00, and a low estimate of $172.00. This upward trend is apparent, with the current averag
RBC Capital analyst Deane Dray reiterates WESCO Intl (NYSE:WCC) with a Sector Perform and maintains $172 price target.
Shares of AMMO, Inc. (NASDAQ:POWW) fell sharply during Friday's session following fourth-quarter results. AMMO reported a fourth-quarter profit of 1 cent per share, compared to market expectations for a loss of 1 cent per share. The company reported quarterly sales of $40.42 million topping estimates of $37.90 million, according to data from Benzinga Pro. AMMO shares dipped 19.1% to $2.0306 on Friday. Here are some other stocks moving in today’s mid-day session. Gainers Kaival Brands Innovations Group, Inc. (NASDAQ:KAVL) shares jumped 345% to $6.06. SRIVARU Holding Limited (NASDAQ:SVMH) gained 150% to $0.3852 after the company announced it will begin accepting paid reserva
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