WCCNYSEWholesale-Electrical Apparatus & Equipment, Wiring Supplies US GAAP · USD

WESCO International, Inc

WESCO International is a U.S.-based business-to-business distributor of electrical, industrial, communications, utility, and broadband products. Through its operating segments, it combines product distribution with logistics, procurement, warehousing, kitting, and other supply chain services across a broad international network.

Revenue23.5bn USD
+7.8 %y/y
Operating profit (EBIT)1,233m USD
+0.8 %y/y
EBIT margin5.2%
−0.4 ppy/y
Net income640m USD
−10.8 %y/y
Free cash flow25.2m USD
−97.5 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

0510152025bn USD2020: 4.1 bn USD2020: EBIT 0.09 bn USD20202021: 18.2 bn USD2021: EBIT 0.80 bn USD20212022: 21.4 bn USD2022: EBIT 1.4 bn USD20222023: 22.4 bn USD2023: EBIT 1.4 bn USD20232024: 21.8 bn USD2024: EBIT 1.2 bn USD20242025: 23.5 bn USD2025: EBIT 1.2 bn USD202523.51.2
RevenueOperating profit (EBIT)

Business

Share of revenue
Electrical & Electronic Solutions45 %

Distribution of electrical, electronic, automation, lighting, safety, and MRO products.

Communications & Security Solutions25 %

Products and services for networking, security, broadband, and data infrastructure.

Utility & Broadband Solutions20 %

Materials and services for utilities, broadband operators, and related contractors.

Logistics and Supply Chain Services10 %

Procurement, warehousing, transportation, inventory, and project support services.

Customers

Wesco sells primarily to business customers that need broad product availability and coordinated supply chain support. Its customer base includes commercial and industrial firms, technology companies, telecommunications providers, utilities, and the contractors that serve them. Many customers buy from Wesco because it can source millions of products, manage inventory, and support multi-site operations through a local and global network.

Commercial and industrial customers

Buy electrical, industrial, safety, lighting, and maintenance products for operations and projects.

Technology and data center customers

Buy networking, automation, and data center-related products and services for infrastructure buildout and operations.

Telecommunications providers and contractors

Buy broadband, fiber, connectivity, and wireless infrastructure materials and project support.

Utilities and municipalities

Buy transmission, distribution, and metering-related equipment plus field services.

Global multi-location enterprises

Buy integrated supply chain services to standardize sourcing and fulfillment across sites.

Strategy

Wesco’s strategy centers on being a tech-enabled supply chain solutions provider rather than only a product wholesaler. It emphasizes broad product breadth, digital tools, and value-added services that help customers reduce complexity across sourcing, inventory, logistics, and project execution. The company also uses its global network and technical expertise to serve large multi-location customers and specialized end markets.

Build a tech-enabled supply chain platformMedium term

Differentiates Wesco from commodity distributors by embedding software, visibility, and workflow tools.

Expand value-added servicesMedium term

Services increase customer stickiness and make Wesco more embedded in customer operations.

Support high-complexity end marketsMedium term

Data centers, utilities, and broadband projects require technical breadth and reliable fulfillment.

Geography

Q1/2026

Wesco is headquartered in Pittsburgh, Pennsylvania and operates in approximately 50 countries through more than 700 sites. Its network spans North America, Europe, South America, and Asia Pacific, with particularly important exposure to the U.S. and Canada in utility and broadband markets. The company’s geography matters because local inventory, fulfillment, and service capability are central to its distribution model and because weather, regulation, and supply chain disruptions vary by region.

United States74 %
Canada14 %
Other countries (US filing)12 %

Share of the revenue the company reports by geography.

Risks

Wesco is exposed to supply chain disruption, product cost volatility, and macroeconomic weakness because its model depends on sourcing, inventory flow, and customer project activity. It also faces cybersecurity, climate, and international operating risks, which can interrupt logistics networks or increase compliance and remediation costs. As a distributor with large working-capital needs, it is also sensitive to execution in inventory, receivables, and supplier relationships.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Supply chain inefficiency or disruption1Product cost fluctuations2Cybersecurity incidents3Climate-related physical and transition risks4Global macroeconomic and commodities market weakness5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Supply chain inefficiency or disruptionImpact: HighLikelihood: High

    The business depends on timely procurement, inventory flow, and fulfillment across a large network.

    ExposureInventoryLogisticsCustomer service performance
  2. Product cost fluctuationsImpact: HighLikelihood: High

    Changes in supplier pricing can affect sales mix, customer demand, and gross profit economics.

    ExposureElectricalUtilityBroadband product categories
  3. Cybersecurity incidentsImpact: HighLikelihood: Medium

    Digital ordering, logistics, and customer data systems create exposure to operational and reputational damage.

    Exposure: Enterprise IT systems and third-party interfaces

  4. Climate-related physical and transition risksImpact: MediumLikelihood: Medium

    Facilities, suppliers, and customers may be affected by storms, flooding, wildfire, and regulatory change.

    Exposure: North American and global distribution network

  5. Global macroeconomic and commodities market weaknessImpact: MediumLikelihood: Medium

    Customer spending and project timing can slow when industrial and infrastructure conditions soften.

    ExposureCommercialIndustrialUtilityTelecom end markets

Accounting

Judgemental items
Goodwill and indefinite-lived intangible impairment

Valuation depends on projected revenues, margins, and discount rates, which can change materially.

Impact: Could create large non-cash charges if assumptions weaken

Income tax realizability

Deferred tax assets are recognized only to the extent expected to be realized.

Impact: Valuation allowances can affect tax expense and equity

Non-GAAP adjustments

Digital transformation, restructuring, and acquisition-related items affect comparability.

Impact: Can change the gap between reported and adjusted earnings

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026