Skip to Content

WESCO International Inc WCC

Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Wesco Reports Blowout Second-Quarter Results, Raises Cost Synergy Target 20% to $300 Million

Analyst Note

| Brian Bernard, CFA, CPA |

Narrow-moat-rated Wesco International reported excellent second-quarter results that exceeded both our and FactSet consensus expectations. On a pro forma basis (that is, including Anixter in prior-year results), revenue increased 24% year over year to $4.6 billion, and adjusted EBITDA margin expanded 100 basis points to 6.7%. Wesco's second-quarter revenue beat the FactSet consensus estimate by roughly 6% and adjusted EPS of $2.64 was 34% above consensus expectations.

Read Full Analysis

Company Profile

Business Description

Wesco International is a value-added industrial distributor that has three reportable segments, electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company offers more than 1.5 million products to its 125,000 active customers through a distribution network of 800 branches, warehouses, and sales offices, including 42 distribution centers. Wesco generates 75% of its sales in the United States, but the company has a global reach, with operations in 50 other countries.

Contact
225 West Station Square Drive, Suite 700
Pittsburgh, PA, 15219
T +1 412 454-2200
Sector Industrials
Industry Industrial Distribution
Most Recent Earnings Jun 30, 2021
Fiscal Year End Dec 31, 2021
Stock Type Cyclical
Employees 18,000

Related