Feed / WCC

WESCO International, Inc.

WCC

Industrials · 346.55 -3.8% today

Isolated · not yet confirmedMarket checked 10 Sept, 14:50 GMT-4

Market read

WESCO International, Inc.'s current read is isolated; its market group is not confirming.

The latest filing evidence is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

What changed
  • Revenue increased 13.8% versus the comparable filing period.
Company-3.8% todayVolume comparison unavailable
Market group0 of 25 activeIndustrial Infrastructure · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • WCC's market-adjusted activity becomes unusual and at least one connected name confirms.

Invalidation: The isolated read changes if WCC's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Industrial Distribution

The latest filing evidence is available. 0 of 25 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports
  • Revenue increased 13.8% versus the comparable filing period.
  • Net income increased 29.9% versus the comparable filing period.
  • Operating cash flow covered net income at 1.44x, improving versus the comparable period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • WCC's market-adjusted activity becomes unusual and at least one connected name confirms.

Company research

Understand the business, not just the ticker

As of Sep 10, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations326
Usable filing statements114
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +7.8% year over year.
Evidence challenging the case
  • Operating cash flow was only 0.20x net income in the latest annual period.
  • Credit and interest rates has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
  • Supply chain and availability has repeated adverse evidence across 3 filings.
Questions before a position
  • EV/sales is 22% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 9, 2026

355.42
6m+32.0%12m+63.2%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$18.2B+47.8%$7.84+11.5%
2022-12-31$21.4B+17.6%$15.33+0.8%
2023-12-31$22.4B+4.5%$13.54-0.2%
2024-12-31$21.8B-2.5%$13.05-3.3%
2025-12-31$23.5B+7.8%$13.05-2.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 4 filings
AND SUBSIDIARIES Three Months Ended Adjusted Earnings per Diluted Share: March 31, 2026 March 31, 2025 (In millions, except per share data) Adjusted income from operations $ 311.0 $ 248.2 Interest expense, net 96.7 86.3 Adjusted other income, net (0.4) (0.1)…
10-Q · Apr 30, 2026
Restructuring and cost reductionsnegative · 4 filings
For the three months ended March 31, 2025, Selling, general and administrative expenses, Income from operations, Other non-operating (income) expense, Provision for income taxes, Net income attributable to common stockholders and Earnings per diluted share ha…
10-Q · Apr 30, 2026
Labor availability and costsmixed · 3 filings
31 Table of Contents SG&A payroll and payroll-related expenses for 2025 of $2,193.7 million increased by $144.2 million compared to 2024, primarily as a result of increased salaries of $69.8 million due to wage inflation and increased commissions and incentiv…
10-K · Feb 13, 2026
Macroeconomic conditionsmixed · 3 filings
31 Table of Contents SG&A payroll and payroll-related expenses for 2025 of $2,193.7 million increased by $144.2 million compared to 2024, primarily as a result of increased salaries of $69.8 million due to wage inflation and increased commissions and incentiv…
10-K · Feb 13, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 0.7× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

346.55-3.8% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 14:50 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for WCC. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment · baseline

Fundamentals strengthened in the latest filing

10-Q filed 2026-04-30 against the comparable filing from 2025-05-01.

constructive
OperationsconstructiveEvidence score +2
liquidityconstructiveEvidence score +1
valuationmixed

What improved

  • Revenue increased 13.8% versus the comparable filing period.
  • Net income increased 29.9% versus the comparable filing period.
  • Operating cash flow covered net income at 1.44x, improving versus the comparable period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The increase was driven primarily by $26.4 million in salaries and $22.3 million in commissions and incentives; the higher incentives expense was due to an increase in management incentive plan accruals and higher sales compared to the prior year.

The increase of $10.4 million, or 12.1%, was primarily driven by higher net term debt throughout the first quarter of 2026 compared to the first quarter of 2025, partially offset by lower borrowings on our accounts receivable securitization facility (the “Receivables Facility”) and our revolving credit facility (the “Revolving Credit Facility”) throughout the first quarter of 2026 compared to the first quarter of 2025.

Our UBS segment experienced lower gross margin primarily driven by public power utility customers.

Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.

Business ecosystem

The relationships behind WCC

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

ESSEssex Property Trust, Inc.investeeFeb 20, 2026

In September 2025, Wesco V, LLC, a joint venture in which the Company owns a 50.0 % interest, sold one of its apartment home communities named 8th & Republican for a total contract price of $ 94.9 million.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

WCC is currently a Follower in the organic co-movement group Industrial Infrastructure. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.