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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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, June 17, 2025 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announced today that effective June 30, 2025, Dirk Naylor is promoted to Executive Vice President and General Manager, Communications and Security Solutions (CSS). Mr. Naylor succeeds William C. Geary II, who has tendered his resignation from Wesco to become the chief executive officer of a large, private equity-backed company. Mr. Naylor has been a member of the Company's leadership team since 2005, d
PITTSBURGH, June 2, 2025 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its inclusion in the 2025 Fortune 500® list. Wesco ranked #199 overall on the 2025 list, reflecting the ingenuity and value it continues to deliver to its customers and supplier partners. Wesco has been included in the list since 1998. "Wesco's continued inclusion in the Fortune 500® list reaffirms our culture of excellence and the dedication of our employees around the globe," says John Engel
PITTSBURGH, May 30, 2025 /PRNewswire/ -- Wesco International (NYSE:WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, is proud to be Certified™ by Great Place To Work® for the second year in a row. The prestigious award is based entirely on what current employees say about their experience working at Wesco. Wesco's management team was rated positively by employee survey respondents for treating employees fairly.This year, 83% of employees who responded to the survey said Wesco is a great place to work. This marks a sig
PITTSBURGH, May 29, 2025 /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 $0.45375 per share. The dividend is payable on June 30, 2025 to the holders of record of the common stock at the close of business on June 13, 2025. About Wesco Wesco International (NYSE:WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sal
First quarter reported net sales down 0.1% YOYOrganic sales up 5.6% after M&A effects, Fx differences, and one less workdayData center sales up 70%First quarter diluted EPS of $2.10, up 7.7% YOY; adjusted diluted EPS of $2.21Gross margin of 21.1%, down 10 basis points sequentially and 20 basis points YOY Operating cash flow of $28 million in the first quarterPreferred stock will be redeemed in June, using proceeds of financing completed during the first quarterFull year 2025 outlook reaffirmed based on positive momentum from the first four months of the yearPITTSBURGH, May 1, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logist
PITTSBURGH, April 17, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its first quarter 2025 earnings conference call on Thursday, May 1 at 9:00 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 20; Baird Indu
PITTSBURGH, April 2, 2025 /PRNewswire/ -- The latest edition of Fortune's World's Most Admired Companies once again includes Wesco International. Wesco has been named to this prestigious list of international companies since 2022 and was ranked #3 in its industry category of "Wholesalers: Diversified" this year. "Wesco's continued inclusion in Fortune's prestigious World's Most Admired Companies list reaffirms the dedication and hard work of our team," says Wesco Chairman, President and Chief Executive Officer John Engel. "It is an honor to be recognized among such esteemed gl
PITTSBURGH, Feb. 27, 2025 /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 $0.45375 per share. The dividend is payable on March 31, 2025 to the holders of record of the common stock at the close of business on March 14, 2025. 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, 2025 through March 31, 2025. The di
PITTSBURGH, Feb. 25, 2025 /PRNewswire/ -- WESCO International, Inc. (NYSE:WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), priced its previously announced offering (the "Offering") to eligible purchasers of $800 million aggregate principal amount of 6.375% senior notes due 2033 (the "Notes"). The aggregate principal amount of the Notes to be issued in the Offering has been increased from the previously announced $600 million to $800 million. The Notes will be issued at a price of 100.000% of the aggregate principal amount t
PITTSBURGH, Feb. 25, 2025 /PRNewswire/ -- WESCO International, Inc. (NYSE:WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), intends to offer (the "Offering") to eligible purchasers, subject to market and other conditions, $600 million aggregate principal amount of senior notes due 2033 (the "Notes"). Wesco intends to use the net proceeds from this Offering to redeem all of its outstanding 10.625% Series A Fixe
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PITTSBURGH, May 29, 2025 /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 $0.45375 per share. The dividend is payable on June 30, 2025 to the holders of record of the common stock at the close of business on June 13, 2025. About Wesco Wesco International (NYSE:WCC) builds, connects, powers and protects the world. Headquartered in Pittsburgh, Pennsylvania, Wesco is a FORTUNE 500® company with approximately $22 billion in annual sal
First quarter reported net sales down 0.1% YOYOrganic sales up 5.6% after M&A effects, Fx differences, and one less workdayData center sales up 70%First quarter diluted EPS of $2.10, up 7.7% YOY; adjusted diluted EPS of $2.21Gross margin of 21.1%, down 10 basis points sequentially and 20 basis points YOY Operating cash flow of $28 million in the first quarterPreferred stock will be redeemed in June, using proceeds of financing completed during the first quarterFull year 2025 outlook reaffirmed based on positive momentum from the first four months of the yearPITTSBURGH, May 1, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logist
PITTSBURGH, Feb. 27, 2025 /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 $0.45375 per share. The dividend is payable on March 31, 2025 to the holders of record of the common stock at the close of business on March 14, 2025. 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, 2025 through March 31, 2025. The di
Fourth quarter reported net sales up 0.5% YOY; Organic sales up 2.4% YOY and 1.7% sequentiallyFourth quarter diluted EPS of $3.03; Adjusted diluted EPS of $3.16, up 19% YOYFull-year reported net sales down 2.5% YOY; Organic sales down 0.6% YOYFull-year operating profit of $1.2 billion; operating margin of 5.6%Adjusted EBITDA margin of 6.9%, down 70 basis points YOYRecord operating cash flow of $1.1 billion for 2024, up from $493 million for 2023PITTSBURGH, Feb. 11, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the fourth quarter and full year 2024.
PITTSBURGH, Jan. 21, 2025 /PRNewswire/ -- Wesco International (NYSE:WCC) will hold its fourth quarter 2024 earnings conference call on Tuesday, February 11 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 Raymond James Institutional Investor Conference on March 4 and the J.P. Morgan Industrials Conference on March 12. Fourth Quarter
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, 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