WESCO International (WCC) Investor presentation summary

Investment thesis and strategic positioning

• Market leader in supply chain solutions, serving high-growth end-markets like data centers, electrification, and automation.

• Positioned for outsized growth driven by AI, increased power demand, IoT, and reshoring trends.

• Strong cash generation supports M&A, stock buybacks, and dividend increases.

• Business transformation and digital ecosystem drive efficiencies and margin expansion.

• Global capabilities with $23.5B in 2025 sales, 130,000 customers, and 700+ locations.

Financial performance and outlook

• 2026 sales outlook raised to $24.9–$25.6B, with 6–9% reported sales growth and 5–8% organic growth.

• Adjusted EBITDA margin expected at 6.6–7.0%, with adjusted EPS of $15.00–$17.00.

• Free cash flow projected at $500–$800M for 2026, targeting 100% conversion through the cycle.

• Q2 2026 preliminary sales per workday up ~10%, with high-single-digit reported sales growth.

• EBITDA margin has improved ~130 bps since 2019, targeting 10%+ by 2030.

Growth drivers and end-market diversification

• Secular growth drivers include digitalization, AI-driven data centers, automation, electrification, and grid modernization.

• Diversified sales mix across utility, data center, construction, network infrastructure, security, industrial, and OEM markets.

• Data center sales approaching $5B TTM, representing 24% of Q1 sales and up ~70% YOY.

• Strategic M&A expands digital capabilities and value-added services, enhancing exposure to growth trends.

• Leading positions in electrical, utility, broadband, and security solutions across North America and globally.