Wesco International Inc. - WCC STOCK NEWS

Wesco's 2024 Sustainability Report highlights the company's robust ESG oversight and compliance framework. The Board's oversight is distributed among key committees: Audit Committee oversees business ethics and cybersecurity, Compensation Committee handles human capital and safety, and Nominating and Governance Committee manages environmental and supply chain matters.

The Board demonstrates strong diversity metrics with 60% diverse directors, including 30% female representation and 40% racial diversity. Notably, 70% of directors possess environmental and human capital management expertise.

The company's ethics program is built on four pillars: risk assessments, written standards, training, and monitoring. The Code of Business Ethics serves as the foundation, requiring annual certification from all employees. Key policies include Global Anti-Bribery, Human Rights, and Anti-Retaliation measures. In 2023, the company conducted 84 operational audits and enhanced its Business Integrity Line reporting system.

Wesco International has published a comprehensive guide on Greenhouse Gas (GHG) accounting and CDP reporting. The guide outlines a 10-step process for organizations to effectively manage and report their environmental impact, including: understanding GHG Protocol, defining organizational boundaries, calculating emissions across Scopes 1, 2, and 3, data collection and analysis, emission factor selection, carbon footprint calculation, data verification, and CDP submission procedures.

The guide emphasizes the benefits of GHG accounting and CDP reporting, including enhanced transparency, improved risk management, operational efficiency, stakeholder confidence, regulatory compliance, and competitive advantage. It provides detailed instructions for organizations to begin their environmental reporting journey, highlighting the importance of continuous improvement in data quality and emissions reduction efforts.

Wesco International has partnered with Habitat for Humanity to build sustainable homes in Monte Sión, Mexico, donating over $111,000 to the project. The initiative, called Lekil Na' (meaning 'sustainable housing'), focuses on constructing eco-friendly homes for Indigenous families in Chiapas.

The homes feature innovative sustainable elements including biodigesters for wastewater treatment, solar water heaters, and energy-efficient wood stoves. Construction utilizes cement blocks enhanced with RESIN8™, a material made from plastic waste to reduce environmental impact and improve thermal efficiency. The design incorporates local customs, featuring separate kitchen and bathroom areas, with specific layout considerations for smoke management and cultural practices.

Wesco International (NYSE: WCC) has completed its acquisition of Ascent, a St. Louis-based provider of data center facility management services. Ascent brings $115 million in trailing twelve-month sales with a three-year sales CAGR exceeding 30%. The company employs over 300 people across the U.S. and Canada, offering comprehensive site operations services including maintenance, critical systems repairs, and advanced liquid cooling solutions.

The acquisition enhances Wesco's data center solutions portfolio, adding Ascent's expertise in engineering and design-build consultation services, along with their proprietary Navigator platform for infrastructure management. This strategic move strengthens Wesco's end-to-end service capabilities in the data center sector.

Wesco International (NYSE: WCC) has announced its quarterly dividend declarations. The company will pay $0.4125 per share on common stock and $664.0625 per preferred share ($0.6640625 per depository share) on December 31, 2024. Both dividends will be paid to shareholders of record as of December 13, 2024. Wesco, a FORTUNE 500® company headquartered in Pittsburgh, generates $22 billion in annual sales and operates nearly 800 locations across 50+ countries, providing business-to-business distribution, logistics services, and supply chain solutions.

Wesco has partnered with Habitat for Humanity Greater Orlando & Osceola County to support their Home Preservation Program. The initiative focuses on providing education, inspections, and repairs to help residents maintain safe and affordable homes, particularly during hurricane season. Wesco, a Fortune 500 company with $22 billion in annual sales, demonstrated its commitment through both financial support and volunteer work, with team members helping construct a Habitat home in Orlando's Holden Heights neighborhood. The program offers free wind mitigation and 4-point inspections for qualified residents, addressing critical housing needs in Central Florida.

Wesco employees participated in Habitat for Humanity's 38th Jimmy & Rosalynn Carter Work Project in East St. Paul. The initiative took place at The Heights, where Twin Cities Habitat for Humanity plans to construct 147 units. Wesco team members helped build 35 new homes during the project. The Heights aims to be an all-electric community pursuing LEED Platinum Certification, featuring solar panels, air source heat pumps, and water conservation measures. This volunteer effort is part of the Wesco Cares corporate philanthropic program, which focuses on community impact where employees work and live.

Wesco International, as an inaugural sponsor of Chicagoland Habitat for Humanity, has made a significant impact through their home repair collaboration program. The initiative's success is exemplified through Derek's story, an Army veteran with 24 years of service, who received important assistance in saving his generational family home.

After serving in Desert Storm and working as a teaching aide, Derek struggled to maintain the deteriorating house he inherited from his sister. The property faced severe issues, including roof damage and raccoon infestations. Through the Habitat Home Repair Program, Derek received essential roof repairs within six weeks, enabling him to preserve his family's legacy home where he and his nine siblings were raised.

Wesco International (NYSE:WCC) has announced a definitive agreement to acquire Ascent for $185 million on a cash-free, debt-free basis. Ascent, headquartered in St. Louis, Missouri, is a premier provider of data center facility management services with $115 million in trailing twelve-month sales and a 30% three-year sales CAGR. The company specializes in data center operations, including AI data center design, liquid cooling implementation, maintenance, and critical systems repairs. Ascent employs over 330 people across the US and Canada and offers a proprietary Navigator platform for infrastructure management. The acquisition is expected to close in Q4 following regulatory approval.