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Wesco International 8-K Report, Financial Results (Feb 10, 2026)

Reports
Earnings & Results·Regulation FD·Exhibits & Filings
Filing Date
Filed February 10, 2026
Period End
February 10, 2026
Security
WCC
In the record · 2016–202610-K1210-Q338-K143

WCC filed 12 annual reports (10-K), 33 quarterly reports (10-Q) and 143 current reports (8-K) between 2016 and 2026.

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

01—Abstract

Summary

Summary of the 8-K filed February 10, 2026. Cited figures are marked; the original filing is the authoritative source.

WESCO International, Inc. reported record fourth-quarter 2025 net sales of $6,068.6 milliona, up 10.3% year over year, with organic sales up 9.2%.

Full-year 2025 net sales were a record $23,510.9 millionb, up 7.8%, with organic sales up 8.6%. Net income attributable to common stockholders was $165.2 million in the fourth quarter (up 9.4%) and $645.8 million for the year (down 2.2%). Adjusted EBITDA was $408.6 million in the fourth quarter, up 10.3%, and $1,536.5 million for the year, up 1.8%.

Fourth-quarter adjusted EPS of $3.40c rose 7.6%, and full-year adjusted EPS of $12.91 rose 5.6%. Cash generation weakened sharply. Operating cash flow was $125.0 million for 2025 versus $1,101.2 million in 2024, and free cash flow was $53.8 million versus $1,045.2 million.

Management attributed the decline to higher receivables and inventories tied to strong sales growth, and said it expects to collect cash from the higher receivables balance in the first quarter. Total backlog reached a record, up 19%, and total data center sales were about $4.3 billiond, up about 50% for the year. Management said the Utility & Broadband Solutions segment faced margin pressure from public power customers, while investor-owned utility sales accelerated.

For 2026, the company outlined reported sales growth of 5% to 8%, adjusted EBITDA margin of about 6.8% at the midpoint, adjusted diluted EPS of $14.50 to $16.50, and free cash flow of $500 million to $800 million. The company also plans to increase its annual common stock dividend by over 10% to $2.00 per share. These materials were furnished under Items 2.02 and 7.01 and were not deemed filed.

02—Key points

Key Highlights

  1. Record Q4 2025 net sales of $6,068.6 million, up 10.3%, with organic sales up 9.2%; full-year net sales of $23,510.9 million, up 7.8%.
  2. Q4 GAAP diluted EPS was $3.34 versus $3.03, up 10.2%; full-year GAAP diluted EPS was flat at $13.05. Q4 adjusted EPS was $3.40, up 7.6%, and full-year adjusted EPS was $12.91, up 5.6%.
  3. Full-year adjusted EBITDA was $1,536.5 million, up 1.8%, with adjusted EBITDA margin of 6.5%, down 40 basis points; gross margin declined 50 basis points to 21.1%.
  4. Operating cash flow fell to $125.0 million for 2025 from $1,101.2 million, and free cash flow fell to $53.8 million from $1,045.2 million, driven by higher receivables and inventories.
  5. Record total backlog, up 19%, and data center sales of about $4.3 billion, up about 50% for the year.
  6. 2026 outlook calls for reported sales growth of 5% to 8%, adjusted EBITDA margin of about 6.8% at the midpoint, adjusted diluted EPS of $14.50 to $16.50, and free cash flow of $500 million to $800 million.
  7. Planned annual common stock dividend increase of over 10% to $2.00 per share; the financial leverage ratio rose to 3.4 from 2.9 at year-end 2024.

03—Questions

Frequently Asked Questions

  1. How did WESCO perform in the fourth quarter and full year 2025?

    Q4 2025 net sales were $6,068.6 million, up 10.3%, and organic sales grew 9.2%. Full-year net sales were $23,510.9 million, up 7.8%, with organic sales up 8.6%. Operating profit rose 7.8% in Q4 to $324.6 million but was up only 0.8% for the year to $1,233.0 million.

  2. Why did operating cash flow decline so much in 2025?

    Operating cash flow was $125.0 million for 2025 versus $1,101.2 million in 2024. The company cited a $507.3 million impact from trade accounts receivable and a $428.1 million impact from inventories, driven by sales growth, large project volume, and customer payment timing. Management expects to collect the higher receivables in the first quarter of 2026 and expects much stronger cash generation in 2026.

  3. What is the company's 2026 outlook?

    The company expects reported sales growth of 5% to 8%, with organic sales growth of 4% to 7%, reported sales of $24.7 to $25.4 billion, adjusted EBITDA margin of 6.6% to 7.0% (about 6.8% at the midpoint), adjusted diluted EPS of $14.50 to $16.50, and free cash flow of $500 million to $800 million. Preliminary January sales per workday were up about 15%.

  4. What pressures did the company identify in its results?

    Management said Utility & Broadband Solutions faced ongoing sales and margin challenges with public power customers, and UBS adjusted EBITDA fell 8% in Q4. Gross margin declined in full-year 2025 across all three segments, most significantly in UBS due to competitive pressures in the public power market. Q4 adjusted EPS was also affected by lower UBS results and by non-operating items, including updated tax positions.

  5. What are the capital allocation priorities and shareholder returns?

    Management said near-term capital allocation priorities remain focused on debt reduction and stock repurchases to offset annual equity award dilution. The company plans to increase its annual common stock dividend by over 10% to $2.00 per share. In 2025 it redeemed its Series A Preferred Stock, funded in part by $800.0 million of 6.375% Senior Notes due 2033, and total debt net of cash was $5,224.6 million at year-end.

04—Continue

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