WESCO International (WCC) Q1 2025 Earnings Call May 01, 2025 09:00 AM ET Speaker0 note that this event is being recorded. I will now hand the call over to Mr. Scott Gaffner, SVP, Investor Relations to begin. Speaker1 Thank you, and good morning, everyone. Before we get started, I want to remind you that certain statements made on this call contain forward looking information. Forward looking statements are not guarantees of performance and by their nature are subject to uncertainties. Actual results may dif ...

Wesco International (WCC) came out with quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.23 per share. This compares to earnings of $2.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.90%. A quarter ago, it was expected that this maker of electrical and industrial maintenance supplies and construction materials would post earnings of $3.22 per share when it actually produced earnings of $3 ...

NEWS RELEASE WESCO International, Inc. / 225 West Station Square Drive, Suite 700 / Pittsburgh, PA 15219 Wesco International Reports First Quarter 2025 Results PITTSBURGH, May 1, 2025 /PR Newswire/ -- Wesco International (NYSE: WCC), a leading provider of business-to-business distribution, logistics services and supply chain solutions, announces its results for the first quarter of 2025. "After returning to growth in the fourth quarter of 2024, we are pleased to build on our positive sales momentum to start ...

First quarter reported net sales down 0.1% YOY Organic sales up 5.6% after M&A effects, Fx differences, and one less workday Data center sales up 70% First quarter diluted EPS of $2.10, up 7.7% YOY; adjusted diluted EPS of $2.21 Gross margin of 21.1%, down 10 basis points sequentially and 20 basis points YOY Operating cash flow of $28 million in the first quarter Preferred stock will be redeemed in June, using proceeds of financing completed during the first quarter Full year 2025 outlook reaffirmed bas ...

PITTSBURGH, April 17, 2025 /PRNewswire/ -- Wesco International (NYSE: WCC) will hold its first quarter 2025 earnings conference call on Thursday, May 1 at 9:00 a.m. ET. Dial-in details are below. The live audio webcast of the earnings presentation can be accessed at https://investors.wesco.com, where related materials will be posted prior to the presentation, and a replay of the webcast will be available. Wesco will also be participating in the Oppenheimer Industrial Growth Conference on May 7; Wolfe Resear ...

PITTSBURGH, Feb. 25, 2025 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), priced its previously announced offering (the "Offering") to eligible purchasers of $800 million aggregate principal amount of 6.375% senior notes due 2033 (the "Notes"). The aggregate principal amount of the Notes to ...

PITTSBURGH, Feb. 25, 2025 /PRNewswire/ -- WESCO International, Inc. (NYSE: WCC) ("Wesco"), a leading provider of business-to-business distribution, logistics services, and supply chain solutions, today announced that its wholly owned subsidiary, WESCO Distribution, Inc. ("Wesco Distribution"), intends to offer (the "Offering") to eligible purchasers, subject to market and other conditions, $600 million aggregate principal amount of senior notes due 2033 (the "Notes").Wesco intends to use the net proceeds fr ...

Have you assessed how the international operations of Wesco International (WCC) performed in the quarter ended December 2024? For this maker of electrical and industrial maintenance supplies and construction materials, possessing an expansive global footprint, parsing the trends of international revenues could be critical to gauge its financial resilience and growth prospects.In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinan ...

PITTSBURGH, Feb. 20, 2025 /PRNewswire/ -- Wesco proudly announces its official partnership with the U.S. Department of Defense's Military Spouse Employment Partnership (MSEP), a program within the Department of Defense's Spouse Education and Career Opportunities initiative. The induction ceremony on Jan. 29, 2025, formally welcomed Wesco into the program. Wesco Senior Director of Talent Acquisition Dee Brogan (far right) attended the MSEP 2025 Induction Ceremony, seen here with Department of Defense’s M ...

Revenue and Market Exposure - The company derives approximately 26% of its revenues from sales outside of the U.S.[89] - The company operates a network of more than 700 sites across approximately 50 countries[89] - In 2024, the company's 10 largest suppliers accounted for approximately 30% of purchases by dollar volume, indicating a significant reliance on key suppliers[117] Economic and Geopolitical Risks - Adverse economic conditions and disruptions in financial markets could negatively impact revenues and operating results[87] - The ongoing geopolitical tensions, including the Russia-Ukraine conflict, contribute to market volatility and uncertainty[88] - The company faces risks from global economic conditions, which can adversely affect revenues and operating results due to customer business activity levels[87] - The company operates in a volatile global environment, with geopolitical issues and conflicts potentially impacting its operations and financial condition[90] COVID-19 Impact - The company has experienced significant disruptions due to the COVID-19 pandemic, affecting supply chains and customer demand[93] - Supply chain challenges since the COVID-19 pandemic have led to product delays, backlogged orders, and increased transportation costs, although improvements in supply chain resilience were noted in 2024[119] - The COVID-19 pandemic has caused significant disruptions to the company's business, impacting supply chains and customer demand[93] Supply Chain and Operational Challenges - The company faces risks related to global supply chain disruptions and natural disasters[90] - Supply chain disruptions and reliance on third-party service providers could impair the company's ability to deliver products timely, affecting overall operations[132] - Challenges in managing working capital and inventory due to evolving customer demands and supply chain disruptions could significantly impact cash flow and overall business performance[125] - Disruptions in logistics capabilities could impair the company's ability to deliver products timely, affecting customer satisfaction and operational efficiency[130] Digital Transformation and Technology - The company has invested significantly in expanding its digital solutions and digitalization initiatives, including e-commerce capabilities and IoT technology[99] - The company is engaged in digital transformation initiatives that may not realize anticipated benefits, potentially leading to operational inefficiencies[109] - The reliance on third-party cloud services increases operational complexity and vulnerability to service disruptions, which could adversely affect business operations[110] Regulatory and Compliance Risks - The company is subject to various global laws and regulations, which may increase compliance costs[95] - Regulatory uncertainties and potential tax increases could impact product pricing and supply chain stability, contributing to broader economic uncertainty[12] - The company is subject to complex and ambiguous tax laws, which can lead to unexpected volatility in its results of operations[142] - Legal and regulatory compliance regarding data security and privacy is evolving, with potential material adverse effects on the company's reputation and financial condition[115] Financial Performance and Debt - As of December 31, 2024, the company had $5.1 billion of consolidated indebtedness, which significantly impacts cash flow available for operations and growth[143] - The company incurred significant additional indebtedness in 2020 to finance the merger with Anixter, affecting its ability to invest in future opportunities[143] - Debt service obligations limit the company's ability to invest in operations and growth opportunities, potentially increasing vulnerability to adverse market conditions[144] - Future financial performance may not generate sufficient cash flows to service debt, necessitating refinancing or asset sales[145] Competition and Market Dynamics - Increased competition in the industry may lead to reduced sales, profit margins, and earnings, as competitors may lower prices or offer alternative business models[135] - A decline in project volume could adversely affect sales and earnings, as large capital projects significantly contribute to revenue[126] Environmental, Social, and Governance (ESG) Considerations - The company's ability to execute environmental, social, and governance (ESG) programs is critical, as failure to meet stakeholder expectations could adversely affect reputation and financial performance[137] - Higher operating expenses related to ESG compliance and initiatives could reduce profitability and cash flow, particularly if customers demand further emissions reductions[138] - The company is actively managing climate-related risks and has conducted a climate risk assessment to enhance sustainability reporting[122] Cybersecurity Risks - Cybersecurity threats have increased, posing risks to the confidentiality and integrity of proprietary information, which could lead to significant legal liabilities[114] - The company has implemented remote working arrangements, which may increase vulnerability to cybersecurity incidents[93]