“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 ↗
WESCO International, Inc.
WCC
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.
- Revenue increased 13.8% versus the comparable filing period.
- 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.
Research brief
The story so far
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.
- 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.
No thresholded adverse filing evidence is available yet.
- WCC's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +7.8% year over year.
- 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.
- EV/sales is 22% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 9, 2026
355.42Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“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 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.