Announcement • Jul 09
WESCO International, Inc. to Report Q2, 2026 Results on Jul 30, 2026 WESCO International, Inc. announced that they will report Q2, 2026 results on Jul 30, 2026 Announcement • Jun 09
WESCO International, Inc. (NYSE:WCC) entered into a definitive agreement to acquire Newark Engineering Pte. Ltd. for approximately SGD 180 million. WESCO International, Inc. (NYSE:WCC) entered into a definitive agreement to acquire Newark Engineering Pte. Ltd. for approximately SGD 180 million on June 8, 2026. A cash consideration of SGD 175 million will be paid by WESCO International, Inc. As part of consideration, SGD 175 million is paid towards common equity of Newark Engineering Pte. Ltd.
For the period ending December 31, 2025, Newark Engineering Pte. Ltd. reported total revenue of SGD 77.38 million ($60 million).
The transaction is subject to customary regulatory approvals and closing conditions and is expected to close in the third quarter of 2026. Declared Dividend • Jun 01
First quarter dividend of US$0.50 announced Shareholders will receive a dividend of US$0.50. Ex-date: 12th June 2026 Payment date: 30th June 2026 Dividend yield will be 0.6%, which is lower than the industry average of 2.7%. Payout Ratios Payout ratio: 13%. Cash payout ratio: 45%. Announcement • May 29
WESCO International, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on June 30, 2026 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.50 per share. The dividend is payable on June 30, 2026 to the holders of record of the common stock at the close of business on June 12, 2026. Recent Insider Transactions • May 20
Key Executive recently sold €1.4m worth of stock On the 11th of May, Hemant Porwal sold around 4k shares on-market at roughly €308 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.8m. Hemant has been a net seller over the last 12 months, reducing personal holdings by €2.5m. Announcement • Apr 21
WESCO International, Inc., Annual General Meeting, May 28, 2026 WESCO International, Inc., Annual General Meeting, May 28, 2026. Announcement • Feb 27
WESCO International, Inc. Declares Quarterly Cash Dividend, Payable on March 31, 2026 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.50 per share. The dividend is payable on March 31, 2026 to the holders of record of the common stock at the close of business on March 13, 2026. Announcement • Feb 11
WESCO International, Inc. Provides Earnings Guidance for the Full Year 2026 WESCO International, Inc. provided earnings guidance for the full year 2026. For the year, the company expects 5% to 8% reported sales growth. Announcement • Dec 09
WESCO International, Inc. Announces Board Changes WESCO International, Inc. announced that its Board of Directors has unanimously approved the appointment of two new independent directors, Michael L. Carter and David C. Wajsgras, effective January 1, 2026. Michael L. Carter currently serves as Executive Vice President and Chief Partner Officer of Truist Financial Corporation and previously led Corporate and Investment Banking at Truist Securities. He joined Truist in 2021 after serving as Managing Director and Global Head of Technology Investment Banking at RBC Capital Markets, as well as earlier leadership roles at other global investment banking firms. He holds an MBA from Harvard Business School and a BA from Washington University in St. Louis. David C. Wajsgras is the former Chief Executive Officer of Intelsat Holdings S.A. and currently serves as a director of Parsons Corporation and Martin Marietta Materials, Inc. Previously, he led Raytheon's Intelligence, Information and Services business and earlier served as Raytheon's Senior Vice President and Chief Financial Officer, following executive roles at Lear Corporation, AlliedSignal, and others. He holds an MBA from American University and a BS from the University of Maryland. Bobby Griffin and Steven Raymund will retire from the Board at the end of their terms at the 2026 annual meeting of stockholders on May 28, 2026. Bobby Griffin will retire from the Board when his term expires at the Company's 2026 annual meeting of stockholders on May 28, 2026. On December 5, 2025, Steven Raymund notified the Company of his retirement from the Board of Directors, effective upon the scheduled expiration of his term at the 2026 annual meeting of stockholders on May 28, 2026. Announcement • Dec 02
Wesco Declares Quarterly Dividend on Common Stock, Payable on December 31, 2025 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.45375 per share. The dividend is payable on December 31, 2025 to the holders of record of the common stock at the close of business on December 12, 2025. Announcement • Oct 30
WESCO International, Inc. Updates Earnings Guidance for the Full Year of 2025 WESCO International, Inc. updated earnings guidance for the full year of 2025. For the year, the company raises its outlook for organic sales growth based on the increasing business momentum in the third quarter and now expects organic sales growth of 8% to 9%, up from previous organic sales growth range of 5% to 7%. Announcement • Aug 29
Wesco Declares Quarterly Cash Dividend on Common Stock, Payable on September 30, 2025 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.45375 per share. The dividend is payable on September 30, 2025 to the holders of record of the common stock at the close of business on September 12, 2025. Announcement • Aug 26
Wesco Appoints Daniel Castillo as Executive Vice President, Effective from September 1, 2025 WESCO International, Inc., announced appointment of Daniel Castillo as Executive Vice President; effective September 1, 2025, Daniel "Danny" Castillo will assume leadership of its Electrical and Electronic Solutions (EES) strategic business unit. Mr. Castillo succeeds Nelson Squires who will be retiring on September 30. Mr. Castillo was formerly executive vice president and president, North America for Brinks, Inc., where he led their secure solutions business in the United States, Canada and Mexico. Prior to that, he served as the executive vice president and president, North America at JELD-WEN, Inc., one of the world's largest building products manufacturers. He also served as president of Cree Lighting, held business leadership positions at Eaton and Cooper Industries, and started his career with General Electric. Mr. Castillo holds an M.B.A. from Columbia University'sBusiness School and a B.S. in electrical engineering from Florida International University. Announcement • Jul 31
WESCO International, Inc. Raises Earnings Guidance for the Year 2025 WESCO International, Inc. raised earnings guidance for the year 2025. For the Full year 2025 organic sales growth outlook raised; reflects positive sales momentum from the first seven months of the year while maintaining EPS mid-point. Announcement • Jun 18
WESCO International, Inc. Announces Resignation of William C. Geary, II and Appointment of Dirk Naylor as Executive Vice President and General Manager, Communications & Security Solutions WESCO International, Inc. announced that on June 12, 2025, William C. Geary, II, Executive Vice President and General Manager, Communications & Security Solutions, notified the Company of his resignation to accept another position. The Company is appointing Dirk Naylor as Executive Vice President and General Manager, Communications & Security Solutions. Mr. Naylor has been a member of the Company's leadership team since 2005, demonstrating excellent strategic vision and operational expertise. During his tenure, Mr. Naylor supported many Communications and Security Solutions' key initiatives, including the Company's successful cross-selling program, the acquisition of Rahi Systems in 2022, and the formation of Wesco Data Center Solutions, as well as the acquisition of Ascent, LLC, in 2024. He most recently held the role of Senior Vice President and General Manager, USA and Global Accounts. Announcement • May 30
Wesco Declares Quarterly Cash Dividend on Common Stock, Payable on June 30, 2025 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.45375 per share. The dividend is payable on June 30, 2025 to the holders of record of the common stock at the close of business on June 13, 2025. Announcement • Mar 28
WESCO International, Inc., Annual General Meeting, May 22, 2025 WESCO International, Inc., Annual General Meeting, May 22, 2025. Announcement • Feb 28
Wesco International Declares Quarterly Dividend on Common Stock, Payable on March 31, 2025 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.45375 per share. The dividend is payable on March 31, 2025 to the holders of record of the common stock at the close of business on March 14, 2025. Announcement • Dec 06
WESCO International, Inc. (NYSE:WCC) completed the acquisition of Ascent Corporation. WESCO International, Inc. (NYSE:WCC) entered a definitive agreement to acquire Ascent Corporation for approximately $190 million on October 30, 2024. WESCO acquired Ascent for a cash-free, debt-free purchase price of $185 million. Ascent has $115 million in trailing twelve-month sales. The transaction is subject to customary regulatory approval. The acquisition is anticipated to close in the fourth quarter of 2024.
WESCO International, Inc. (NYSE:WCC) completed the acquisition of Ascent Corporation on December 6, 2024. Announcement • Dec 03
Wesco International Declares Quarterly Dividend on Common Stock, Payable on December 31, 2024 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on December 31, 2024 to the holders of record of the common stock at the close of business on December 13, 2024. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €196, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €194 per share. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$3.81 (vs US$4.28 in 3Q 2023) Third quarter 2024 results: EPS: US$3.81 (down from US$4.28 in 3Q 2023). Revenue: US$5.49b (down 2.7% from 3Q 2023). Net income: US$189.9m (down 13% from 3Q 2023). Profit margin: 3.5% (down from 3.9% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 14% per year and the company’s share price has also increased by 14% per year. Recent Insider Transactions • Sep 28
Independent Director recently sold €893k worth of stock On the 26th of September, Steven Raymund sold around 6k shares on-market at roughly €153 per share. This transaction amounted to 72% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.4m more than they bought in the last 12 months. Declared Dividend • Sep 01
Second quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 13th September 2024 Payment date: 30th September 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (12% earnings payout ratio) and cash flows (9% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 30
Wesco International Declares Quarterly Dividend on Common Stock, Payable on September 30, 2024 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on September 30, 2024 to the holders of record of the common stock at the close of business on September 13, 2024. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$4.28 (vs US$3.48 in 2Q 2023) Second quarter 2024 results: EPS: US$4.28 (up from US$3.48 in 2Q 2023). Revenue: US$5.48b (down 4.6% from 2Q 2023). Net income: US$217.7m (up 22% from 2Q 2023). Profit margin: 4.0% (up from 3.1% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Aug 01
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 7.1% to €144. The fair value is estimated to be €181, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 3.1% per annum. Earnings are also forecast to grow by 8.9% per annum over the same time period. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €167, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Trade Distributors industry in Europe. Total returns to shareholders of 100% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €168 per share. Declared Dividend • Jun 03
First quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 0.9%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (6% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • May 31
WESCO International, Inc. Declares Quarterly Dividend on Common Stock, Payable on June 28, 2024 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.4125 per share. The dividend is payable on June 28, 2024 to the holders of record of the common stock at the close of business on June 14, 2024. Recent Insider Transactions • May 31
Insider recently sold €786k worth of stock On the 24th of May, Christine Wolf sold around 4k shares on-market at roughly €175 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.6m more than they bought in the last 12 months. Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$1.95 (vs US$3.58 in 1Q 2023) First quarter 2024 results: EPS: US$1.95 (down from US$3.58 in 1Q 2023). Revenue: US$5.35b (down 3.1% from 1Q 2023). Net income: US$101.4m (down 45% from 1Q 2023). Profit margin: 1.9% (down from 3.3% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Apr 13
WESCO International, Inc., Annual General Meeting, May 23, 2024 WESCO International, Inc., Annual General Meeting, May 23, 2024, at 14:00 US Eastern Standard Time. Agenda: To consider elect ten Directors for a one-year term expiring in 2025; to consider and approve, on an advisory basis, the compensation of the Company’s named executive officers; to consider approve amendments to the Company’s Restated Certificate of Incorporation regarding Officer Exculpation; to ratify the appointment of PricewaterhouseCoopers LLP as company's independent registered public accounting firm for the year ending December 31, 2024; and to transact any other business properly brought before the Annual Meeting. Recent Insider Transactions • Mar 14
Insider recently sold €766k worth of stock On the 11th of March, James Cameron sold around 5k shares on-market at roughly €143 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.41 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.6%). Declared Dividend • Mar 04
Fourth quarter dividend of US$0.41 announced Shareholders will receive a dividend of US$0.41. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 2.7%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (19% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. EPS is expected to grow by 22% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 23
Vallen Distribution, Inc. entered into a definitive agreement to acquire WESCO Integrated Supply, Inc. from WESCO International, Inc. (NYSE:WCC) for approximately $400 million. Vallen Distribution, Inc. entered into a definitive agreement to acquire WESCO Integrated Supply, Inc. from WESCO International, Inc. (NYSE:WCC) for approximately $400 million on February 23, 2024. Combined company will expand Vallen's vision to deliver unique and customizable supply chain solutions. The annual net sales of approximately $784 million in 2023. The transaction is subject to customary regulatory approval and the is anticipated to close in the second quarter. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €134, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 102% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €190 per share. Reported Earnings • Feb 14
Full year 2023 earnings released: EPS: US$13.54 (vs US$15.83 in FY 2022) Full year 2023 results: EPS: US$13.54 (down from US$15.83 in FY 2022). Revenue: US$22.4b (up 4.5% from FY 2022). Net income: US$708.1m (down 12% from FY 2022). Profit margin: 3.2% (down from 3.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.8% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Feb 14
Now 30% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.4% to €129. The fair value is estimated to be €183, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 50%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Feb 13
WESCO International, Inc. Provides Earnings Guidance for the Year 2024 WESCO International, Inc. provided earnings guidance for the year 2024. For the year, the company expects sales growth of 1% to 4%. Upcoming Dividend • Dec 07
Upcoming dividend of US$0.38 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Payout ratio is a comfortable 7.3% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (2.7%). Recent Insider Transactions • Dec 03
Key Executive recently sold €1.8m worth of stock On the 29th of November, Hemant Porwal sold around 13k shares on-market at roughly €141 per share. This transaction amounted to 53% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Hemant's only on-market trade for the last 12 months. Announcement • Dec 01
Wesco International Declares Quarterly Dividend on Common Stock, Payable on December 29, 2023 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.375 per share. The dividend is payable on December 29, 2023 to the holders of record of the common stock at the close of business on December 15, 2023. Announcement • Nov 03
Wesco International, Inc. Decreases Earnings Guidance for the Year 2023 WESCO International, Inc. decreased earnings guidance for the year 2023. The company is now expecting reported net sales growth of approximately 5%, near the low-end of the prior range of 5%-7% driven by moderating end market conditions. Earnings per share is now forecast to be $15.60-$16.10 versus $15.00-$16.00 previously, primarily due to a lower full-year tax rate. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$4.20 (vs US$4.43 in 3Q 2022) Third quarter 2023 results: EPS: US$4.20 (down from US$4.43 in 3Q 2022). Revenue: US$5.64b (up 3.6% from 3Q 2022). Net income: US$219.0m (down 2.8% from 3Q 2022). Profit margin: 3.9% (down from 4.1% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Sep 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be €180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 6.8% per annum over the same time period. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.38 per share at 0.9% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Payout ratio is a comfortable 4.8% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (2.8%). Announcement • Sep 01
WESCO International, Inc. Declares Quarterly Cash Dividend, Payable on September 29, 2023 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.375 per share. The dividend is payable on September 29, 2023 to the holders of record of the common stock at the close of business on September 15, 2023. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (6.8% operating cash flow to total debt). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). Buying Opportunity • Aug 04
Now 28% undervalued Over the last 90 days, the stock is up 20%. The fair value is estimated to be €194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 67%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings is also forecast to grow by 6.2% per annum over the same time period. Announcement • Aug 04
WESCO International, Inc. Provides Earnings Guidance for the Year 2023 WESCO International, Inc. provided earnings guidance for the year 2023. The company is now expecting reported net sales growth of 5%-7% versus 6%-9% prior largely driven by market weakness in certain sectors of the Electrical and Electronic Solutions business unit. Earnings per share is now forecast to be $15.00-$16.00. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$3.41 (vs US$4.07 in 2Q 2022) Second quarter 2023 results: EPS: US$3.41 (down from US$4.07 in 2Q 2022). Revenue: US$5.75b (up 4.8% from 2Q 2022). Net income: US$178.7m (down 13% from 2Q 2022). Profit margin: 3.1% (down from 3.8% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 67% per year whereas the company’s share price has increased by 68% per year. Announcement • Jun 14
WESCO International, Inc. Announces Election of Glynis A. Bryan to Its Board of Directors WESCO International, Inc. announced the election of Glynis A. Bryan to its Board of Directors, effective September 1, 2023, consistent with its long-standing commitment to ongoing Board refreshment. Ms. Bryan currently serves as the Chief Financial Officer of Insight Enterprises Inc., a Fortune 500 solutions integrator focused on enabling secure, end-to-end digital transformation through its broad portfolio of solutions and IT expertise. Prior to becoming Insight’s CFO in 2007, Ms. Bryan served as the Chief Financial Officer for Swift Transportation Inc. and APL Logistics Americas Ltd. and held various senior financial roles with increasing responsibility at Ryder System, Inc. Ms. Bryan is a director of Pinnacle West Capital Corporation. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.38 per share at 1.0% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 2.3% but the company is not cash flow positive. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (2.7%). Announcement • Jun 02
Wesco International Declares Quarterly Dividend on Common Stock, Payable on June 30, 2023 The Board of Directors of Wesco International declared a quarterly cash dividend on all of the issued and outstanding shares of common stock, in an amount equal to $0.375 per share. The dividend is payable on June 30, 2023 to the holders of record of the common stock at the close of business on June 15, 2023. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$3.48 (vs US$3.30 in 1Q 2022) First quarter 2023 results: EPS: US$3.48 (up from US$3.30 in 1Q 2022). Revenue: US$5.52b (up 12% from 1Q 2022). Net income: US$182.7m (up 9.5% from 1Q 2022). Profit margin: 3.3% (down from 3.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 17
Insider recently sold €827k worth of stock On the 8th of March, Nelson Squires sold around 5k shares on-market at roughly €161 per share. This transaction amounted to 9.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €3.7m. Insiders have been net sellers, collectively disposing of €7.9m more than they bought in the last 12 months. Recent Insider Transactions • Mar 06
Executive VP & CFO recently sold €3.7m worth of stock On the 1st of March, David Schulz sold around 24k shares on-market at roughly €156 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Recent Insider Transactions • Feb 28
Executive VP recently sold €1.6m worth of stock On the 23rd of February, Diane Lazzaris sold around 11k shares on-market at roughly €154 per share. This transaction amounted to 23% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.4m more than they bought in the last 12 months. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: US$15.33 (vs US$8.11 in FY 2021) Full year 2022 results: EPS: US$15.33 (up from US$8.11 in FY 2021). Revenue: US$21.4b (up 18% from FY 2021). Net income: US$803.1m (up 97% from FY 2021). Profit margin: 3.7% (up from 2.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 60% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$4.44 (vs US$2.09 in 3Q 2021) Third quarter 2022 results: EPS: US$4.44 (up from US$2.09 in 3Q 2021). Revenue: US$5.45b (up 15% from 3Q 2021). Net income: US$225.3m (up 114% from 3Q 2021). Profit margin: 4.1% (up from 2.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 34% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$3.95 (vs US$2.09 in 2Q 2021) Second quarter 2022 results: EPS: US$3.95 (up from US$2.09 in 2Q 2021). Revenue: US$5.48b (up 19% from 2Q 2021). Net income: US$206.4m (up 97% from 2Q 2021). Profit margin: 3.8% (up from 2.3% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €101, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Trade Distributors industry in Europe. Total returns to shareholders of 130% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$3,195 (vs US$0.89 in 1Q 2021) First quarter 2022 results: EPS: US$3,195 (up from US$0.89 in 1Q 2021). Revenue: US$4.93b (up 22% from 1Q 2021). Net income: US$166.9m (up 272% from 1Q 2021). Profit margin: 3.4% (up from 1.1% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 7.9%, compared to a 9.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Mar 08
Independent Director recently sold €798k worth of stock On the 3rd of March, Easwaran Sundaram sold around 7k shares on-market at roughly €109 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.8m more than they bought in the last 12 months. Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$8.09 (up from US$1.53 in FY 2020). Revenue: US$18.2b (up 48% from FY 2020). Net income: US$408.0m (up 479% from FY 2020). Profit margin: 2.2% (up from 0.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.0%. Over the next year, revenue is forecast to grow 6.5%, compared to a 8.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Recent Insider Transactions • Dec 10
Insider recently sold €802k worth of stock On the 7th of December, Nelson Squires sold around 7k shares on-market at roughly €117 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.2m. Insiders have been net sellers, collectively disposing of €4.7m more than they bought in the last 12 months. Recent Insider Transactions • Nov 17
Executive VP & CFO recently sold €1.2m worth of stock On the 11th of November, David Schulz sold around 10k shares on-market at roughly €119 per share. This was the largest sale by an insider in the last 3 months. This was David's only on-market trade for the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$2.38 (vs US$1.32 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$4.73b (up 14% from 3Q 2020). Net income: US$119.6m (up 81% from 3Q 2020). Profit margin: 2.5% (up from 1.6% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has increased by 35% per year, which means it is well ahead of earnings. Recent Insider Transactions • Sep 16
Insider recently sold €147k worth of stock On the 13th of September, Nelson Squires sold around 2k shares on-market at roughly €94.62 per share. In the last 3 months, there was an even bigger sale from another insider worth €388k. Insiders have been net sellers, collectively disposing of €2.6m more than they bought in the last 12 months. Recent Insider Transactions • Aug 17
Insider recently sold €163k worth of stock On the 13th of August, James Cameron sold around 2k shares on-market at roughly €101 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.0m more than they bought in the last 12 months. Reported Earnings • Aug 08
Second quarter 2021 earnings released: EPS US$2.09 (vs US$0.84 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$4.60b (up 120% from 2Q 2020). Net income: US$104.8m (up US$140.6m from 2Q 2020). Profit margin: 2.3% (up from net loss in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Recent Insider Transactions • May 15
Independent Director recently sold €688k worth of stock On the 11th of May, Steven Raymund sold around 8k shares on-market at roughly €87.68 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Reported Earnings • May 08
First quarter 2021 earnings released: EPS US$0.87 (vs US$0.82 in 1Q 2020) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2021 results: Revenue: US$4.04b (up 105% from 1Q 2020). Net income: US$44.8m (up 30% from 1Q 2020). Profit margin: 1.1% (down from 1.7% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 20% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Mar 09
New 90-day high: €73.50 The company is up 24% from its price of €59.50 on 09 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €89.76 per share. Recent Insider Transactions • Mar 09
Independent Director recently sold €100k worth of stock On the 8th of March, Lynn Utter sold around 1k shares on-market at roughly €73.08 per share. In the last 3 months, there was an even bigger sale from another insider worth €286k. Insiders have been net sellers, collectively disposing of €538k more than they bought in the last 12 months. Recent Insider Transactions • Mar 06
Independent Director recently sold €43k worth of stock On the 25th of February, Lynn Utter sold around 625 shares on-market at roughly €68.55 per share. In the last 3 months, there was an even bigger sale from another insider worth €286k. Insiders have been net sellers, collectively disposing of €437k more than they bought in the last 12 months. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS US$1.53 (vs US$5.18 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$12.3b (up 48% from FY 2019). Net income: US$70.4m (down 69% from FY 2019). Profit margin: 0.6% (down from 2.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 36%, compared to a 4.8% growth forecast for the Trade Distributors industry in Germany. Recent Insider Transactions • Feb 24
Lead Independent Director recently sold €101k worth of stock On the 19th of February, James Singleton sold around 2k shares on-market at roughly €67.38 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €108k more than they bought in the last 12 months. Reported Earnings • Feb 11
Full year 2020 earnings released: EPS US$1.51 (vs US$5.18 in FY 2019) The company reported a mediocre full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$12.3b (up 48% from FY 2019). Net income: US$70.4m (down 69% from FY 2019). Profit margin: 0.6% (down from 2.7% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 11
Revenue beats expectations Revenue exceeded analyst estimates by 0.05%. Over the next year, revenue is forecast to grow 36%, compared to a 4.7% growth forecast for the Trade Distributors industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day high: €73.00 The company is up 50% from its price of €48.80 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €91.10 per share. Is New 90 Day High Low • Jan 15
New 90-day high: €72.00 The company is up 80% from its price of €40.00 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €146 per share. Is New 90 Day High Low • Dec 29
New 90-day high: €63.50 The company is up 67% from its price of €38.00 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €88.05 per share. Is New 90 Day High Low • Dec 09
New 90-day high: €59.00 The company is up 54% from its price of €38.20 on 10 September 2020. The German market is up 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.04 per share. 
