WESCO International, Inc.
Description
WESCO International, Inc. provides business-to-business distribution, logistics services, and supply chain solutions in the United States, Canada, and internationally. It operates through 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, automation and connected devices, security, lighting, wire and cable, and safety, as well as maintenance, repair, and operating (MRO) products. This segment also offers contractor solutions, direct and indirect manufacturing supply chain optimization programs, lighting and renewables advisory services, and digital and automation solutions. The CSS segment operates in the network infrastructure and security markets. This segment sells products directly to end-users or through various channels, including data communications contractors, security, network, professional audio/visual, and systems integrators. It also provides safety and energy management solutions. The UBS segment offers products and services to investor-owned utilities; public power companies; and service and wireless providers, broadband operators, and contractors. This segment's products include wire and cables, transformers, transmission and distribution hardware, switches, protective devices, connectors, conduits, pole line hardware, racks, cabinets, safety and MRO products, and point-to-point wireless devices. This segment also offers various service solutions, including fiber project management, high and medium voltage project design and support, pre-wired meters and capacitor banks, meter testing and metering infrastructure installation, personal protective equipment dielectric testing, and tool repair, as well as emergency response, storage yard, materials, and logistics management. The company was founded in 1922 and is headquartered in Pittsburgh, Pennsylvania.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 29, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| Apr 30, 2025 | — | — | — | — |
| Feb 11, 2025 | 3.23 | — | — | — |
| Oct 31, 2024 | 3.21 | 3.58 | 0.37 | 11.53% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 12 |
| Average estimate | — | 2.46 | — | 14.45 |
| Low estimate | — | 2.00 | — | 12.75 |
| High estimate | — | 2.80 | — | 15.57 |
| Last year EPS | — | 2.30 | — | 12.27 |
Growth estimates
Analyst Ratings
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| Dec 9, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▲ Raises $225 → $245 |
| Dec 6, 2024 |
Jefferies
Stephen Volkmann
|
Maintains | Buy | ▲ Raises $225 → $245 |
| Nov 5, 2024 |
Stephens & Co.
Tommy Moll
|
Maintains | Overweight | ▲ Raises $190 → $205 |
| Nov 1, 2024 |
Baird
David Manthey
|
Maintains | Outperform | ▲ Raises $215 → $223 |
| Nov 1, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▲ Raises $195 → $225 |
| Nov 1, 2024 |
Oppenheimer
Christopher Glynn
|
Maintains | Outperform | ▲ Raises $205 → $225 |
| Nov 1, 2024 |
RBC Capital
Deane Dray
|
Maintains | Sector Perform | ▲ Raises $186 → $199 |
| Sep 27, 2024 |
RBC Capital
Deane Dray
|
Maintains | Sector Perform | ▲ Raises $171 → $187 |
| Sep 27, 2024 |
Loop Capital
Chris Dankert
|
Maintains | Buy | ▲ Raises $190 → $210 |
| Aug 6, 2024 |
Loop Capital
Chris Dankert
|
Maintains | Buy | ▼ Lowers $200 → $190 |
| Aug 5, 2024 |
Stephens & Co.
Tommy Moll
|
Reiterates | Overweight | Maintains $190 |
| Aug 2, 2024 |
RBC Capital
Deane Dray
|
Maintains | Sector Perform | ▼ Lowers $175 → $171 |
| Aug 2, 2024 |
Baird
David Manthey
|
Maintains | Neutral | ▼ Lowers $195 → $172 |
| Aug 2, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▼ Lowers $205 → $195 |
| Jun 20, 2024 |
RBC Capital
Deane Dray
|
Reiterates | Sector Perform | Maintains $172 |
| May 29, 2024 |
Baird
David Manthey
|
Downgrade | Neutral | ▼ Lowers $200 → $195 |
| May 6, 2024 |
Loop Capital
Chris Dankert
|
Maintains | Buy | ▲ Raises $190 → $200 |
| May 3, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▲ Raises $190 → $205 |
| May 3, 2024 |
Oppenheimer
Christopher Glynn
|
Maintains | Outperform | ▲ Raises $190 → $200 |
| May 3, 2024 |
RBC Capital
Deane Dray
|
Maintains | Sector Perform | ▼ Lowers $176 → $172 |
| Apr 11, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▲ Raises $165 → $190 |
| Mar 15, 2024 |
JP Morgan
Stephen Tusa
|
Maintains | Overweight | ▼ Lowers $180 → $175 |
| Mar 7, 2024 |
Oppenheimer
Christopher Glynn
|
Maintains | Outperform | ▲ Raises $175 → $190 |
| Feb 14, 2024 |
Oppenheimer
Christopher Glynn
|
Maintains | Outperform | ▼ Lowers $185 → $175 |
| Feb 14, 2024 |
Keybanc
Ken Newman
|
Maintains | Overweight | ▼ Lowers $185 → $165 |
| Feb 14, 2024 |
Baird
David Manthey
|
Maintains | Outperform | ▼ Lowers $203 → $170 |
| Feb 14, 2024 |
RBC Capital
Deane Dray
|
Reiterates | Sector Perform | Maintains $173 |
| Feb 13, 2024 |
RBC Capital
Deane Dray
|
Downgrade | Sector Perform | ▼ Lowers $202 → $173 |
| Jan 4, 2024 |
RBC Capital
Deane Dray
|
Maintains | Outperform | ▲ Raises $187 → $203 |
| Oct 6, 2023 |
JP Morgan
Stephen Tusa
|
Upgrade | Overweight | Announces $180 |
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 22.39B | 21.42B | 18.22B | 12.33B | 8.36B |
| Cost of revenue | 17.54B | 16.76B | 14.43B | 10.00B | 6.78B |
| Gross profit | 4.84B | 4.66B | 3.79B | 2.33B | 1.58B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 3.26B | 3.04B | 2.79B | 1.86B | 1.17B |
| Other operating expenses | — | — | — | — | — |
| Operating income | 1.41B | 1.44B | 801.90M | 347.04M | 346.22M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 389.30M | 294.40M | 268.10M | — | — |
| Other income expense | -25.10M | -7.00M | 48.10M | 2.40M | 1.55M |
| Pretax income | 992.00M | 1.14B | 581.90M | 122.84M | 282.06M |
| Tax provision | 225.90M | 274.50M | 115.50M | 22.80M | 59.86M |
| Net income | 766.10M | 862.10M | 466.40M | 100.04M | 222.20M |
| Basic EPS | 13.86 | 15.82 | 8.08 | 1.41 | 5.35 |
| Diluted EPS | 13.54 | 15.33 | 7.84 | 1.41 | 5.14 |
| Basic average shares | 51.10M | 50.76M | 50.47M | 50.06M | 41.80M |
| Diluted average shares | 51.10M | 50.76M | 50.47M | 50.06M | 41.80M |
| EBITDA | 1.56B | 1.61B | 1.05B | 468.64M | 408.32M |
| Net income from continuing op. | 766.10M | 862.10M | 466.40M | 100.04M | 222.20M |
| Minority interests | -600,000 | -1.70M | -1.00M | 521,000 | 1.23M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 15.06B | 14.81B | 12.62B | 11.88B | 5.02B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 524.10M | 527.30M | 212.58M | 449.14M | 150.90M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 3.64B | 3.66B | 2.96B | 2.47B | 1.19B |
| Other receivables | 430.50M | 435.70M | 375.89M | 239.20M | 98.03M |
| Inventory | 3.57B | 3.50B | 2.67B | 2.16B | 1.01B |
| Prepaid assets | 225.40M | 206.00M | 137.81M | 187.91M | 92.45M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 225.40M | 206.00M | 137.81M | — | — |
| Non current assets | |||||
| Properties | 761.20M | 625.10M | 530.86M | 534.71M | 235.83M |
| Land and improvements | 25.00M | 24.60M | 25.60M | 26.41M | 24.11M |
| Machinery furniture equipment | 652.50M | 577.30M | 532.31M | 501.98M | 289.95M |
| Construction in progress | 46.00M | 57.10M | 20.76M | 13.00M | 25.75M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -502.50M | -425.80M | -365.35M | -312.11M | -268.42M |
| Goodwill | 8.38B | 8.43B | 8.36B | 8.44B | 3.81B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 1.86B | 1.94B | 1.94B | 2.07B | 287.28M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 364.60M | 269.10M | 205.24M | 186.71M | 13.63M |
| Total liabilities | 10.03B | 10.36B | 8.84B | 8.54B | 2.76B |
| Current liabilities | |||||
| Accounts payable | 2.43B | 2.73B | 2.14B | 1.71B | 830.48M |
| Accrued expenses | 191.70M | 269.10M | 314.96M | 198.54M | 49.51M |
| Short term debt | 8.60M | 70.50M | 9.53M | 528.83M | 26.69M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 756.60M | 749.50M | 585.07M | 552.30M | 177.39M |
| Non current liabilities | |||||
| Long term debt | 5.95B | 5.86B | 5.12B | 4.78B | 1.44B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 451.90M | 460.70M | 437.44M | 488.26M | 146.62M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 233.90M | 227.80M | 238.45M | 278.01M | 91.39M |
| Shareholders equity | |||||
| Common stock | 700,000 | 700,000 | 725,000 | 719,000 | 636,000 |
| Retained earnings | 4.39B | 3.80B | 3.00B | 2.60B | 2.53B |
| Other shareholders equity | -332.00M | -377.80M | -236.04M | -263.13M | -367.77M |
| Total shareholders equity | 5.03B | 4.45B | 3.78B | 3.34B | 2.26B |
| Additional paid in capital | 2.04B | 2.01B | 1.97B | 1.94B | 1.04B |
| Treasury stock | 1.06B | 969.20M | 956.19M | 938.34M | 937.16M |
| Minority interest | -5.20M | -4.70M | -6.31M | -7.33M | -6.81M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||
| Net Income | 766.10M | 862.10M | 466.40M | 100.04M | 222.20M | 225.36M | 163.13M | 101.12M | 208.37M | 275.44M | 276.52M | 201.76M | 196.24M | 115.48M | 105.09M | 204.13M | 240.63M | 217.32M | 103.53M | 64.93M | 30.01M | 23.12M | 20.23M | 33.44M | 35.15M | -7.70M |
| Depreciation | 181.30M | 179.00M | 198.60M | 121.60M | 62.11M | 63.00M | 64.02M | 66.86M | 64.97M | 68.02M | 67.64M | 37.56M | 31.61M | 23.94M | 26.05M | 26.73M | 40.95M | 31.18M | 18.00M | 21.37M | 23.27M | 20.71M | 32.14M | 25.60M | 21.50M | 16.10M |
| Deferred Taxes | -7.90M | -1.20M | -78.30M | -33.54M | 13.21M | 9.14M | -50.40M | -45.17M | 42.85M | 4.98M | 20.63M | 17.66M | 14.37M | 20.98M | -7.96M | -3.75M | 11.15M | 18.52M | 3.56M | 2.50M | 3.65M | 13.92M | 12.04M | 2.76M | 13.72M | 2.40M |
| Stock-Based Compensation | 48.10M | 46.40M | 30.80M | 19.28M | 19.06M | 16.45M | 14.81M | 12.49M | 12.90M | 14.77M | 15.92M | 15.09M | 15.41M | 15.75M | 13.32M | 12.89M | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 14.30M | 18.90M | 26.50M | 26.18M | -11.18M | -3.65M | 25,000 | 1.15M | 568,000 | 9.53M | 9.79M | 2.32M | 8.84M | 11.83M | 969,000 | 366,000 | -2.86M | -23.23M | — | — | — | — | — | — | — | -100,000 |
| Accounts Receivable | 55.80M | -745.40M | -668.50M | 24.36M | 11.58M | -22.93M | -112.98M | 56.77M | 97.34M | -100.69M | -73.45M | 36.42M | -143.49M | -118.48M | 179.66M | 28.35M | 4.46M | -18.33M | 105.34M | -124.79M | -73.70M | 42.49M | 58.71M | -57.57M | -6.73M | 250.60M |
| Accounts Payable | -319.70M | 552.90M | 449.60M | -54.13M | 23.51M | 9.19M | 102.87M | -40.61M | -55.91M | 37.59M | 37.79M | -24.35M | 101.68M | 53.90M | -114.29M | -31.20M | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -152.50M | -838.60M | -396.70M | 284.40M | -77.04M | -18.60M | -57.04M | 25.62M | -64.46M | -25.63M | -9.08M | -5.06M | -112.77M | -48.26M | 111.86M | 27.40M | -48.50M | -17.93M | -53.38M | -44.09M | 35.61M | 42.04M | 34.02M | -6.37M | -43.83M | -21.40M |
| Operating Cash Flow | 585.50M | 74.10M | 28.40M | 488.19M | 263.45M | 277.94M | 124.44M | 178.22M | 306.63M | 284.00M | 345.76M | 281.40M | 111.88M | 75.14M | 314.70M | 264.92M | 245.83M | 207.53M | 177.05M | -80.07M | 18.84M | 142.28M | 157.12M | -2.14M | 19.81M | 239.90M |
| Investing Activities | ||||||||||||||||||||||||||
| Capital Expenditures | 600,000 | 200,000 | 5.20M | 6.72M | 16.80M | — | — | — | — | — | — | — | 97,000 | 932,000 | 120,000 | 3.79M | -15.63M | -13.74M | -14.15M | -12.15M | -7.20M | -8.59M | -12.89M | -20.01M | -20.58M | -182.70M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | -186.80M | 56.00M | -3.71B | -27.60M | — | — | -50.89M | -151.60M | -138.63M | — | -1.29B | -48.09M | -221.34M | -262,000 | 47.92M | -32.40M | -540.45M | -278.83M | -34.11M | -2.03M | -14.47M | -56.27M | -40.90M | -59.98M | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | 19.05M | 2.42M | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 2.70M | -184.20M | 57.20M | -3.68B | -16.73M | 2.07M | 16.21M | -52.53M | -148.57M | -123.64M | 9.60M | -1.29B | -47.90M | -185.43M | 4.82M | 55.51M | -48.03M | -555.93M | -290.97M | -46.26M | -9.23M | -23.06M | -69.16M | -60.69M | -71.90M | -184.10M |
| Financing Activities | ||||||||||||||||||||||||||
| Long-Term Debt Issuance | 3.29B | 4.47B | 3.23B | 5.11B | 1.31B | 1.19B | 1.50B | 2.08B | 1.53B | 1.17B | 1.43B | 2.30B | 648.56M | 1.45B | 403.70M | 898.90M | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -3.43B | -3.79B | -3.45B | -1.52B | -1.25B | -1.32B | -1.56B | -2.46B | -1.54B | -1.30B | -1.74B | -1.26B | -732.65M | -1.43B | -657.46M | -1.11B | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -74.90M | -45.20M | -44.70M | -79.02M | -17.97M | -21.07M | -2.39M | -5.67M | -5.45M | -26.99M | -8.59M | -6.40M | 705,000 | 664,000 | -12.50M | 9.73M | 17.61M | 25.50M | -9.04M | -5.18M | 2.17M | -5.20M | -1.26M | -475,000 | -2.16M | -33.80M |
| Financing Cash Flow | -426.60M | 564.50M | -345.60M | 3.47B | -139.55M | -276.55M | -141.20M | -412.67M | -169.17M | -154.16M | -317.79M | 1.02B | -71.33M | 24.26M | -264.50M | -460.71M | -417.20M | 32.36M | -870,000 | 88.10M | -24.68M | -4.58M | -773,000 | -27.27M | 180.57M | -359.00M |
| Other Cash Details | ||||||||||||||||||||||||||
| End Cash Position | 524.10M | 527.30M | 212.60M | 449.14M | 150.90M | 96.34M | 117.95M | 110.13M | 160.28M | 128.32M | 123.73M | 86.10M | 63.87M | 53.58M | 112.33M | 86.34M | 72.30M | 73.40M | 22.13M | 34.52M | 27.50M | 22.57M | 75.06M | 21.08M | 8.82M | 8.10M |
| Income Tax Paid | 207.90M | 292.90M | 118.20M | 56.19M | 64.53M | 61.98M | 65.12M | 76.29M | 74.21M | 107.15M | 90.68M | 51.73M | 79.19M | 11.04M | 45.19M | 74.46M | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 386.80M | 272.40M | 249.70M | 169.62M | 65.28M | 64.70M | 63.80M | 74.39M | 66.34M | 74.02M | 75.46M | 42.94M | 43.45M | 46.90M | 32.11M | 48.15M | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 400.90M | -88.40M | 12.40M | 487.26M | 180.30M | 260.51M | 127.62M | 282.28M | 261.39M | 230.61M | 287.32M | 265.10M | 134.19M | 112.15M | 278.69M | 244.58M | 246.16M | 188.72M | 280.94M | 9.80M | 27.38M | 11.00M | 147.45M | 25.36M | 45.13M | 92.20M |
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