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Wesco InternationalWCC

Legal name
Wesco International, Inc.
Sector
Energy
Industry
Wholesale-Electrical Apparatus & Equipment, Wiring Supplies
Exchange
NYSE

Stock Price $WCC

Latest filings

You are here#96 of 103 in Technology by market cap

Filing record · 2016–202610-K1210-Q338-K144

WCC filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 144 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Mar ’18Mar ’18
  2. Deal closed8-K · Jun ’20Jun ’20
  3. Material agreement8-K · Mar ’22Mar ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $23.51B
YoY changeLargest recent move+47.8%in FY21Latest +7.8%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All WCC Financial Metrics57 metrics

Income Statement13

Balance Sheet26

Cash Flow13

Per Share5

02—Overview

Wesco International Financial Overview 2021–2025

Updated Nov 5, 2026

Wesco's operating cash flow collapsed to $125.0 milliona in FY2025 from $1,101.2 million a year earlier, even as sales hit a record $23.5 billion. That gap is the story. Growth is real, driven by data centers, but it is eating cash and margin, and leverage rose to 3.4x from 2.9x.

The long arc shows scale without a matching earnings lift. Net sales grew from $18.2 billion in FY2021 to $23.5 billionb in FY2025, yet diluted EPS slid from a peak of $15.33 in FY2022 to $13.05 in FY2025. The Communications & Security Solutions segment rose 18.3% to $9.1 billion in FY2025, while Utility & Broadband Solutions fell 4.9% to $5.5 billion. Cost of goods sold climbed to 78.9% of sales from 78.4%, which management tied to large, lower-margin data center projects. Receivables rose $507.3 million and inventories $428.1 million to fund that growth.

The market priced in the squeeze. At the close of FY2025, the stock traded at $244.64c, or 18.7x earnings of $13.05. Capital returns continued: the $800 million 6.375% notes funded the Series A Preferred redemption, and about $413.9 million of the $1 billion buyback authorization remained. Liquidity of roughly $1.6 billion and no significant debt maturities until 2028 give Wesco room. The open question is whether the rising backlog converts to cash.

Recent Developments (Q2 and Q3 2026)

Wesco accelerated through the middle of 2026. Net sales reached $7,226.4 milliond in Q3 2026, up 16.6%, after $6,665.1 million in Q2 2026. Data center sales grew from $1.5 billion to $1.8 billion in one quarter. Backlog rose about 80% year over year by Q3 2026. Adjusted EBITDA grew 32.7% to $561.5 million, and diluted EPS reached $5.43 against $3.79. Operating cash flow turned positive at $193.9 million in Q3 2026, after a weak Q2 2026 of $53.7 million. Leverage fell to 2.8x. Management raised full-year adjusted EPS guidance to $18.00–$18.50. Wesco refinanced its 2028 notes, extended its credit facilities to 2029 and 2031, and bought Newark Engineering Group for $127.7 million. CFO David Schulz retired in May 2026.

Bull case: record backlog, rising margins and better cash conversion support the guidance. Bear case: at 28.1x trailing earnings of $13.05e as of October 28, 2026, the stock leaves little room for error, and the Q2 2026 free cash flow outlook cut shows how fast working capital can absorb gains.

What to watch: conversion of backlog into free cash flow; margin on large data center projects

03—Filings

Recent SEC Filings

  1. 8-KWesco International 8-K Report, Regulation FD Disclosure (Nov 10, 2026)Wesco International (WCC) hosted a virtual investor event on November 10, 2026, to highlight its "Data Center Leadership: One Partner, Complete Lifecycle, Around the World" strategy. The presentation focused on Wesco's end-to-end value proposition across its business units (Utility and Broadband Solutions - UBS, Electrical and Electronic Solutions - EES, and Communications and Security Solutions - CSS) to address the rapidly growing data center market. Wesco detailed its comprehensive "Power-to-Compute" offering, which spans the entire data center lifecycle from initial site power readiness (UBS) to the gray space (EES) and white space (CSS) infrastructure. The company emphasized its significant growth in data center sales, which have more than tripled since Q1 2024 and now represent over 20% of total sales, up from approximately 10% in 2023. This growth is attributed to the "One Wesco" approach, leveraging cross-selling opportunities and its unique competitive advantages in a market estimated to be over $100 billion. The presentation also underscored Wesco's strategic acquisitions that have expanded its capabilities and reach across the data center lifecycle.
  2. 8-KWesco International 8-K Report, Financial Results (Oct 29, 2026)Wesco International, Inc. (NYSE: WCC) reported record third-quarter 2026 results on October 29, 2026, furnished under Item 2.02 with a press release (Exhibit 99.1) and an investor slide presentation (Exhibit 99.2) under Item 7.01. Net sales rose 16.6% year over year to $7.23 billion, with organic sales also up 16.6%. Data center sales reached $1.8 billion, up approximately 55%, and total company backlog was up approximately 80% year over year to a record level. GAAP diluted EPS was $5.43, versus $3.79 a year earlier, and adjusted diluted EPS was $5.77, up 47.2%. Adjusted EBITDA was $561.5 million, up 32.7%, with an adjusted EBITDA margin of 7.8%. Cash generation improved sharply. Operating cash flow for the quarter was $193.9 million, compared with an outflow of $82.7 million in the prior-year quarter, and free cash flow was $184.2 million. Financial leverage fell to 2.8x from 3.4x at the end of 2025. For the nine months, net sales were $19.97 billion, up 14.5%, and free cash flow was $429.9 million. Management raised its full-year 2026 outlook. Reported sales are now expected at $26.8 to $27.0 billion (up 14% to 15%), adjusted EBITDA margin at about 7.2%, and adjusted diluted EPS at $18.00 to $18.50, compared with prior ranges of $25.9 to $26.3 billion and $16.00 to $17.50. The company also said October preliminary sales per workday were up high teens and guided fourth-quarter reported sales up low to mid-teens.
  3. 8-KWesco International 8-K Report, Material Agreement (Sep 21, 2026)On September 17, 2026, WESCO Distribution, Inc., a wholly owned subsidiary of WESCO International, Inc. (the Company), amended its revolving credit facility (the ABL Facility) through a Ninth Amendment to its Fourth Amended and Restated Credit Agreement. The amendment extends the ABL Facility's maturity date to September 17, 2031, increases revolving commitments from $1,725 million to $1,850 million, decreases interest rate spreads on borrowings, increases certain negative covenant baskets, and makes other amendments. Barclays Bank PLC serves as administrative agent. On the same date, Wesco Distribution also amended its receivables securitization facility (the Receivables Facility) through a Tenth Amendment to its Fifth Amended and Restated Receivables Purchase Agreement. The amendment extends the scheduled termination date to September 17, 2029, increases the purchase limit from $1,550 million to $1,750 million, and decreases the drawn spread on investments funded under the facility. PNC Bank, National Association, serves as administrator. Together, these amendments extend the maturity of both core liquidity facilities and expand available borrowing capacity while lowering borrowing costs. The filing discloses the amendments under Item 1.01 and Item 2.03 and files the full agreements as Exhibits 10.1 and 10.2.
  4. 8-KWesco International 8-K Report, Financial Results (Jul 30, 2026)Wesco International, Inc. furnished an 8-K on July 30, 2026 reporting second-quarter 2026 results. Net sales were a record $6,665.1 million, up 13.0% year over year and up 9.6% sequentially, with organic sales up 12.6%. Data center sales reached $1.5 billion, up about 45% year over year, and total company backlog was a record, up about 60% year over year. GAAP diluted EPS was $4.23 versus $3.83, and adjusted diluted EPS was a record $4.57, up 34.8%. Adjusted EBITDA was $487.2 million, up 23.6%, with an adjusted EBITDA margin of 7.3%, up 60 basis points. Cash generation was weaker in the quarter. Operating cash flow was $53.7 million versus $107.8 million a year earlier, and free cash flow was $32.3 million versus $86.5 million, reflecting higher trade receivables and supplier prepayments. For the first six months, operating cash flow was $275.1 million and free cash flow was $245.7 million. The financial leverage ratio improved to 3.0 from 3.4 at year-end 2025, and the company issued $650 million of 5.250% notes due 2031 and $850 million of 5.500% notes due 2034 to redeem its 7.250% Senior Notes due 2028. Management raised its full-year 2026 outlook. Reported sales growth is now expected at 10% to 12% (previously 6% to 9%), with reported sales of $25.9 billion to $26.3 billion, adjusted EBITDA margin of 6.9% to 7.1%, and adjusted diluted EPS of $16.00 to $17.50 (previously $15.00 to $17.00). Free cash flow guidance was lowered to $300 million to $600 million from $500 million to $800 million. For the third quarter, the company expects reported sales up low double digits year over year, with adjusted EBITDA margin slightly lower sequentially. The filing also announced the July 1, 2026 closing of the Newark Engineering Group acquisition, which adds data center cooling capabilities.
  5. 8-KWesco International 8-K Report, Executive Changes (Jun 2, 2026)WESCO International, Inc. filed this Form 8-K on June 2, 2026 to report three items: a consulting arrangement with former CFO David S. Schulz, and the results of its May 28, 2026 Annual Meeting of Stockholders. Schulz served as Executive Vice President and Chief Financial Officer through February 16, 2026, then continued as Executive Vice President and special advisor to the CEO until his retirement effective May 31, 2026. Effective June 1, 2026, the Company and Mr. Schulz entered into a Consulting Agreement under which he will provide consulting services as a non-employee consultant through December 31, 2026, unless extended by mutual agreement. He will receive an hourly fee, and his outstanding equity awards will continue to vest under their terms for the duration of the agreement. He remains subject to customary non-competition, non-solicitation, non-disparagement and confidentiality covenants. At the Annual Meeting, stockholders elected all ten director nominees to one-year terms expiring at the 2027 annual meeting. They also approved, on an advisory basis, the compensation of the named executive officers, with votes "for" representing over 96% of the votes cast. Stockholders ratified the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for the year ending December 31, 2026. From an investor standpoint, the filing reflects a planned executive transition with a continuing advisory relationship and a clear shareholder endorsement of board nominees, executive pay and the auditor. The filing does not contain financial results or guidance. The full Consulting Agreement is filed as Exhibit 10.1.
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04—See also

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