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Wesco Intl - WCC STOCK NEWS

Welcome to our dedicated page for Wesco Intl news (Ticker: WCC), a resource for investors and traders seeking the latest updates and insights on Wesco Intl stock.

Overview

Wesco International is a globally recognized business-to-business distributor, building a legacy of excellence since 1922. As a key provider of supply chain solutions and industrial distribution, Wesco serves customers across electrical, communications, and utility sectors with an expansive product portfolio and innovative logistics services. With a focus on quality and reliability, the company leverages its extensive network of branches, warehouses, and distribution centers to deliver prompt access to millions of products from industry-leading brands.

Core Business Areas

Wesco International operates through three reportable segments:

  • Electrical and Electronic Solutions: This segment caters to the needs of industrial customers and OEMs by supplying high-quality electrical products, ensuring that projects from small installations to major industrial endeavors are well-supported.
  • Communications and Security Solutions: Focusing on the critical infrastructure of modern businesses, this segment provides advanced products and digital services that enhance security systems and facilitate reliable communications.
  • Utility and Broadband Solutions: Serving both commercial and governmental entities, this segment offers comprehensive services and solutions to meet the needs of an increasingly data-driven and connected world.

Market Position and Global Reach

Headquartered in Pittsburgh, Pennsylvania, Wesco International has cultivated a robust global presence with an impressive network of branches and distribution centers across multiple countries. This widespread footprint ensures that customers ranging from Fortune 500 companies to small businesses receive tailored supply chain support and technical expertise. By partnering with premier suppliers and leveraging world-class digital capabilities, Wesco maintains operational excellence and a competitive edge in an evolving industry landscape.

Operational Excellence and Digital Transformation

Committed to operational efficiency and customer satisfaction, Wesco International has consistently invested in technology and business transformation initiatives. The company’s digital integration enhances order fulfillment, working capital management, and overall supply chain visibility, enabling more effective and responsive service to its varied customer base. With strong operational protocols and a dedicated team of experienced professionals, Wesco ensures that complex projects are managed seamlessly from inception to completion.

Strategic Business Practices

Wesco International’s business model is defined by its strategic approach to capital allocation, focused acquisitions and divestitures, and continuous enhancements in digital transformation. By prioritizing core strengths while streamlining its portfolio, the company creates a foundation for resilient operational practices and sustained value creation. Its diverse product range and service offerings underline its role as a trusted intermediary in the industrial distribution and supply chain sectors.

Customer Focus and Industry Expertise

The firm’s commitment to delivering tailored solutions is reflected in its long-standing relationships with customers and suppliers alike. Wesco’s willingness to adapt to market trends and invest in technical expertise positions it as a valuable partner in addressing the complex needs of modern infrastructure projects. This robust customer focus, combined with decades of industry experience, reinforces Wesco’s reputation for reliability, responsiveness, and operational precision.

Conclusion

In summary, Wesco International builds, connects, powers, and protects the world by offering end‐to‐end supply chain solutions that meet a wide array of customer requirements. Its deep industry knowledge, expansive operational footprint, and commitment to technological advancement make it a significant player in the global industrial distribution arena. The company’s continuous investment in digital capabilities and process improvements further underscores its dedication to delivering high-quality service and innovative supply chain solutions.

Rhea-AI Summary
Wesco International (NYSE: WCC) declares a quarterly cash dividend of $0.375 per common stock share and a cash dividend of $664.0625 per preferred share for the period October 1, 2023 through December 31, 2023. The dividends are payable on December 29, 2023, and January 2, 2024, respectively, to holders of record at the close of business on December 15, 2023.
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Wesco International: Wesco Joins DOD SkillBridge Program to Support Veterans Transitioning to Civilian Workforce
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Wesco International announces its third-quarter 2023 results, with net sales of $5.6 billion, up 4% YoY. The company achieved organic sales growth of 3% YoY and operating profit of $381 million, with an operating margin of 6.7%. Adjusted EBITDA was $457 million, with a margin of 8.1%, up 40 basis points sequentially. Wesco's earnings per diluted share were $4.20, and adjusted earnings per diluted share were $4.49, flat YoY. The company generated operating cash flow of $362 million and free cash flow of $357 million, representing 143% of adjusted net income. Wesco's financial leverage stands at 2.7x, the lowest level since the Anixter merger in June 2020 and below the midpoint of the target range.
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Wesco International becomes the inaugural sponsor of Chicagoland Habitat for Humanity's Regional Repair Collaborative. Wesco will provide financial resources and employee volunteers to enhance the reach and impact of the program, addressing critical repairs and improvements for homes in the Chicagoland area.
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Wesco International releases its annual sustainability report, outlining progress and key initiatives for advancing environmental, social, and governance goals. The report includes targets such as reducing greenhouse gas emissions by 30% and achieving a 15% reduction in total recordable incident rate by 2030. Glynis A. Bryan is appointed to the Board of Directors, contributing to diversity goals.
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Wesco International to hold 2023 Q3 earnings conference call
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Matt Espe elected to Korn Ferry's board of directors
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Wesco International issued its annual sustainability report, showing progress towards its ESG goals. They have already achieved a 15% reduction in TRIR and are over 70% complete in reducing landfill waste intensity. They are on track to achieve a 30% reduction in greenhouse gas emissions and complete 425,000 hours of employee safety training by 2030.
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Wesco International declares quarterly cash dividend of $0.375 per share on common stock and $664.0625 per preferred share on Series A Fixed-Rate Reset Cumulative Perpetual Preferred Stock.
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GE Vernova appoints Ken Parks as CFO and Vic Abate as CEO of Wind segment
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FAQ

What is the current stock price of Wesco Intl (WCC)?

The current stock price of Wesco Intl (WCC) is $165.27 as of March 7, 2025.

What is the market cap of Wesco Intl (WCC)?

The market cap of Wesco Intl (WCC) is approximately 8.5B.

What is Wesco International's core business?

Wesco International is a global distributor that provides end-to-end supply chain solutions, specializing in electrical and electronic, communications and security, and utility and broadband solutions.

How does Wesco generate its revenue?

The company generates revenue through business-to-business distribution, offering products and integrated logistics services to a diverse customer base including OEMs, contractors, and government agencies.

What industries does Wesco serve?

Wesco serves a wide spectrum of industries including industrial, commercial, residential, telecommunications, and government sectors, ensuring diverse applications of its supply chain solutions.

How extensive is Wesco International's global network?

Wesco operates hundreds of branches and numerous distribution centers across more than 50 countries, which enables it to provide localized support and global supply chain services.

What differentiates Wesco from its competitors?

Wesco's long history, comprehensive product portfolio, deep technical expertise, and commitment to digital transformation and operational excellence set it apart in the industrial distribution arena.

What are the main reportable segments of Wesco International?

The company operates through three main segments: Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions.

How does digital transformation play a role in Wesco's operations?

Wesco leverages advanced digital tools to optimize order fulfillment, supply chain management, and customer service, which enhances efficiency and enables tailored solution delivery.

What types of customers rely on Wesco International?

Wesco serves a diverse client base, ranging from Fortune 500 companies to small businesses, across sectors such as industrial, commercial, government, and educational institutions.
Wesco Intl

NYSE:WCC

WCC Rankings

WCC Stock Data

8.53B
47.42M
1.67%
93.74%
2.21%
Industrial Distribution
Wholesale-electrical Apparatus & Equipment, Wiring Supplies
Link
United States
PITTSBURGH