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WESCO International (WCC) investor relations material
WESCO International Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record 2025 sales of $23.5B, up 8% year-over-year (9% organic), with strong growth in CSS and EES, and data center sales up 50% to $4.3B, now 18% of total sales.
Q4 2025 sales reached $6.1B, up 10% year-over-year, with organic growth of 9%.
Record year-end backlog, up 19% year-over-year, with all business units contributing.
Announced CFO transition and succession plan, with Dave Schulz retiring in May 2026 and Neil Dev appointed as new CFO.
Advanced digital transformation, recognized by Fortune for AI initiatives and piloted new technology stack.
Financial highlights
Q4 2025 sales: $6.07B–$6.1B (+10% YOY), organic sales up 9%; Q4 adjusted EBITDA: $409M (6.7% margin), up 10% YOY.
Full-year 2025 sales: $23.5B (+8% YOY, 9% organic); adjusted EBITDA: $1.54B (6.5% margin), up 2%; adjusted EPS: $12.91, up 6%.
Gross margin for 2025 was 21.1%, down 50 bps year-over-year.
Free cash flow for 2025 was $54M, impacted by higher receivables and inventory.
Financial leverage ratio increased to 3.4x at year-end 2025, up from 2.9x in 2024.
Outlook and guidance
2026 outlook: reported sales growth of 5%-8%, organic sales 4%-7%, adjusted EBITDA margin ~6.8% at midpoint.
Adjusted EPS expected at $14.50–$16.50, up 20% at midpoint; free cash flow projected at $500M–$800M.
Dividend to increase over 10% to $2 per share, totaling ~$100M annually.
All business units expected to contribute to growth, with data center sales projected to rise mid-teens percent.
Preliminary January 2026 sales per workday up 15% year-over-year.
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Frequently asked questions
Electronic, Industrial, and Electric Products
WESCO International, Inc. is an American holding company with multinational operations. The company is a leading provider in the global B2B market for electrical, industrial, and communications maintenance, repair, and operation (MRO). WESCO is also one of the leaders in original equipment manufacturers (OEM) of products, construction materials, advanced supply chain management, and logistics services for previously mentioned industries. The company is headquartered in Pittsburgh, Pennsylvania and its shares are traded on the NYSE.
Electrical Components and Supplies
WESCO International, Inc., founded in 1922, began as a distribution arm of Westinghouse Electric Corporation. Initially focused on electrical components and supplies, WESCO expanded over the years, evolving into a global leader in supply chain solutions and logistics. This growth was propelled by a strategic mix of organic development and acquisitions, enabling diversification across various product lines and industries. One of the most notable acquisitions in the company’s history came in 2020 when it acquired Anixter International, substantially enlarging its footprint and product offerings. This move positioned WESCO as a more comprehensive provider of electrical, communications, and utility distribution and supply chain services. Today, WESCO operates in the same industry as companies such as Fastenal and W.W. Grainger.
Global Operations
As previously discussed, the company is a global distributor specializing in electrical, industrial, and communications MRO products. WESCO has clients in diverse sectors, with some examples being construction, industrial, utilities, and commercial, institutional, and government entities. Its vast product portfolio includes, for example, lighting, and electrical components, from wiring and connectors to advanced control systems.
The company also supplies a wide range of safety equipment, from personal protective gear to comprehensive safety systems. Additionally, WESCO provides networking and telecommunications gear, including cabling, switches, and wireless devices essential for modern communication infrastructure.
Supply Chain Management
The company also provides supply chain management and various related services. Their offerings encompass a range of logistics and inventory management solutions, using advanced technology for procurement, delivery, and tracking of materials and products. This service is incredibly helpful for businesses seeking streamlined operations, particularly in industries with complex supply chains.
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