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Wesco's stock surged on Aug. 13 after the firm reported second-quarter results that topped Capital IQ consensus estimates. Additionally, the company reported improving revenue growth trends, and its efforts to integrate recently merged Anixter International (completed June 22) are on target.
Wesco International is a value-added industrial distributor that operates across four distinct end markets: industrial (36% of sales), construction (33%), utility (16%), and commercial, institutional, and government (15%). The company offers more than 1 million products to its 70,000 active customers through a distribution network of 500 branches and 10 distribution centers. Although Wesco generates almost all of its sales in North America, the company has a global reach, with operations in 15 other countries. After Wesco acquires Anixter in 2020, the firm's pro forma revenue will increase to over $17 billion, and the combined entity will easily surpass W.W. Grainger as the largest industrial distributor in the United States.
