Wesco International Q1 2026 Investor Presentation Forward-Looking Statements and Non-GAAP Measures All statements made herein that are not historical facts should be considered as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially. These statements include, but are not limited to, statements regarding business strategy, grow ...

Core Insights - Bridgeline Digital, Inc. has announced that HawkSearch has become an Allied Partner of the National Association of Electrical Distributors (NAED) [1] - This partnership aims to enhance HawkSearch's engagement with the electrical distribution community [1] - HawkSearch will provide advanced AI-driven search, product discovery, and digital experience solutions to support NAED members [1]

Financial Data and Key Metrics Changes - The company reported record quarterly sales of $6.2 billion, marking an 18% organic growth in Communications and Security Solutions, 12% in Electrical and Electronic Solutions, and a return to growth in Utility and Broadband Solutions [7][36] - Adjusted EPS grew 9.5% year over year and 16% sequentially, with both gross margin and EBITDA margin improving sequentially [8][36] - Organic sales growth accelerated to 12% in Q3, following 6% in Q1 and 7% in Q2, indicating four consecutive quarters of accelerating momentum [6][36] Business Line Data and Key Metrics Changes - Electrical and Electronic Solutions (EES) saw organic sales up 12% year over year, driven by growth across all operating groups, particularly in construction and OEM [15][16] - Communications and Security Solutions (CSS) delivered organic sales growth of 18%, supported by strong demand in data center solutions [16][17] - Utility and Broadband Solutions (UBS) reported a 3% increase in organic sales, marking a return to growth after seven quarters of declines, driven by investor-owned utilities [23][36] Market Data and Key Metrics Changes - Total data center sales reached approximately $1.2 billion, up 60% year over year, representing 19% of total Q3 company sales on a trailing 12-month basis [7][19] - The broadband segment experienced over 20% year-over-year growth, indicating a significant improvement from previous quarters [23] - Backlog increased 11% year over year, reflecting stronger customer order rates across various segments [23] Company Strategy and Development Direction - The company is focused on accelerating cross-selling initiatives and driving enterprise-wide margin improvement through technology-driven business transformation [8][10] - The strategic outlook includes capitalizing on secular growth trends such as digitalization, electrification, and supply chain resiliency, with expectations for continued market-leading growth into 2026 [10][36] - The company raised its full-year outlook for organic sales growth and adjusted EBITDA based on increasing business momentum [8][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to outperform markets due to strong portfolio strength and ongoing secular growth trends [10][36] - The outlook for 2026 includes expectations for mid-single-digit organic sales growth and continued strength in electrical markets, with a return to full-year growth in utility services [37] - Management acknowledged challenges related to working capital investments but emphasized the high quality of cash flow issues due to significant sales growth [71] Other Important Information - The company redeemed $540 million in Series A preferred stock, marking a significant milestone in capital structure optimization [27] - Free cash flow was a use of $89 million in Q3, attributed to increased working capital needs due to significant growth [24][25] - The company is experiencing a dynamic tariff environment, with supplier price increase notifications up over 100% in count, but the impact on results was limited [28] Q&A Session Summary Question: How much did price contribute to growth by segment? - Overall pricing benefit in Q3 was just under 3%, with EES at about 4%, CSS at about 2%, and UBS at about 1% [39] Question: Can you discuss the strength in EES outside of data centers? - EES saw growth across construction, industrial, and OEM sectors, with construction up mid-teens driven by infrastructure projects [42][44] Question: Is there a crowd-out effect from AI and tech spending? - There is no observed crowd-out effect; EES growth is attributed to overall market outperformance [51] Question: What is the outlook for public power in the utility segment? - Public power is expected to return to growth in 2026, with current softness attributed to inventory build issues [108]

Core Viewpoint - Solar Norge AS has signed an agreement to acquire 100% of Sonepar Norge AS for an enterprise value of DKK 315 million, with the transaction expected to enhance operational and commercial synergies, driving growth and earnings in the Norwegian market [1][2][5] Transaction Overview - The acquisition will be financed through a combination of 1/3 equity financing and 2/3 debt financing, with expected acquisition costs of DKK 5 million in 2025 [1][6] - The transaction is subject to regulatory approvals and is anticipated to be completed by early December 2025 [6][8] Strategic and Financial Rationale - The combination of Solar and Sonepar is seen as a unique opportunity to create a leading distributor in Norway, focusing on electrical, ventilation, climate, and energy solutions [5][6] - The acquisition is expected to generate a combined annual revenue of approximately DKK 2.5 billion and a portfolio of 25,000 stock keeping units (SKUs) [3][6] Company and Market Position - Sonepar Norge has a strong market presence with an annual revenue of approximately DKK 700 million, a loyal customer base of nearly 4,000, and a comprehensive portfolio of over 12,000 SKUs [2][3] - The integration of operations is expected to yield significant operational synergies, including consolidation of administration, logistics, and IT infrastructure [7][8] Sustainability Focus - Both companies emphasize sustainability, with Sonepar focusing on ESG-compliant sourcing, which aligns with Solar's commitment to driving the green transition [2][10]

Core Insights - Rexel reported Q1 2025 sales of €4,825 million, reflecting a year-on-year increase of +2.5% on a reported basis and +1.4% on a constant and same-day basis, marking a return to positive growth after a year of decline [1][6][12] - The sales growth was primarily driven by North America, which saw a +3.8% increase, while Europe experienced a slight decline of (0.7)% [4][11] - The company confirmed its full-year guidance for 2025 despite the uncertain macro-political environment and ongoing monitoring of tariff impacts on sales and profitability [1][4][16] Sales Performance - Q1 2025 sales figures: - Reported sales: €4,825 million, up +2.5% - Constant and same-day basis: +1.4% - Constant and actual-day basis: (0.4)% [1][6] - Regional breakdown: - North America: €2,151.2 million, +3.8% - Europe: €2,407.3 million, (0.7)% - Asia-Pacific: €266.6 million, +1.4% [11][13] Strategic Initiatives - The company engaged in active portfolio management, completing one acquisition in the US and disposing of its Finnish operations, aligning resources with high-value markets [1][19] - Digital sales penetration increased to 33% of total sales, up +241 basis points year-on-year, indicating a strong focus on digital transformation [1][9] Market Trends - North America showed strong sales growth driven by non-residential project execution and improved Proximity business momentum [4][12] - Europe demonstrated recovery from a previous decline, with positive trends across all countries despite an overall slight decrease [4][11] - Asia-Pacific sales were supported by a significant increase in China, which grew by +7.5% [13][15] Financial Outlook - The company maintains its FY 2025 guidance, emphasizing resilience amid a challenging economic landscape and ongoing tariff monitoring [4][16] - Free cash flow conversion is projected at approximately 65%, excluding a €124 million fine from the French Competition Authority [20]

Core Insights - BigCommerce has announced a corporate partnership with the National Association of Electrical Distributors (NAED) to enhance digital transformation in the electrical distribution industry [1][2] - The partnership aims to empower manufacturers and distributors to adopt digital-first strategies, modernize sales channels, and improve operational efficiency [2][3] - BigCommerce will focus on key initiatives such as the Digital Center of Excellence and workforce development programs to address talent shortages in the industry [3][4] Company Overview - BigCommerce is a leading open SaaS and composable ecommerce platform that supports B2C and B2B brands, retailers, manufacturers, and distributors globally [5] - The platform is utilized by tens of thousands of companies across 150 countries, providing them with professional-grade functionality and ease of use [5]