Best-Idea Wesco Continues to Outperform Thanks to a Strong Demand Environment

Wesco wraps up the second-quarter earnings cycle for the distributors under our coverage. Overall, the national distributors have continued to perform well, despite a challenging supply chain environment. In our view, these players have been adept at leveraging their global network of suppliers (thousands of suppliers) to secure industrial supplies, while smaller regional distributors have lacked the distribution network to secure supplies.