10-K · February 13, 2026
Wesco grew revenue to approximately $23.51 billion in 2025 (from $21.82 billion in 2024) while reporting roughly flat annual EPS (~$13.07 in 2024 vs ~$13.06 in 2025). Gross margin and operating margin showed modest…
Earnings analysis · 10-Q
WCC earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
WESCO International reported robust Q1 2026 results with revenue of $6.08 billion, up 13.8% year-over-year, and adjusted EPS of $3.37, exceeding estimates. All segments contributed to growth, particularly Communications…
Read full summary
WESCO International reported robust Q1 2026 results with revenue of $6.08 billion, up 13.8% year-over-year, and adjusted EPS of $3.37, exceeding estimates. All segments contributed to growth, particularly Communications & Security Solutions, which saw a 23.9% increase in sales, while the company also improved its gross margins and net income.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $3.37
What stood out
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Strong Revenue Growth
Q1 2026 revenue increased to $6.08 billion, a 13.8% increase from $5.34 billion in Q1 2025.
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Significant EPS Beat
Adjusted EPS soared to $3.37, compared to $2.21 in Q1 2025, marking a 52.5% growth.
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Segment Performance
CSS segment revenue rose 23.9% to $2.48 billion, driven by data center solutions.
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Higher Adjusted EBITDA
Adjusted EBITDA increased 25.1% year-over-year to $388.8 million.
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Improved Operating Cash Flow
Net cash provided by operations rose significantly to $221.4 million, up from $28 million in Q1 2025.
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Cash and Liquidity Position
As of March 2026, the company had $353 million in cash, contributing to total liquidity of approximately $3.2 billion.
What to watch
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Interest Expense Increase
Net interest expense grew to $96.7 million, a 12.1% rise compared to $86.3 million in Q1 2025.
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Higher SG&A Costs
SG&A expenses increased by 13.3% to $947.6 million, up from $836.3 million in the prior year.
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Supply Chain and Tariff Risks
Management is assessing potential impacts from recent tariff rulings, affecting future profitability.
Management's outlook
Management highlighted strong momentum and opportunities in AI-driven data centers and electrification, but deferred detailed numeric guidance.
Earlier filings 4
10-Q · October 31, 2024
Wesco reported net sales of $5,489.4 million for the three months ended September 30, 2024, modestly below prior-year quarter sales of $5,644.4 million but roughly flat sequentially. Operating income declined to $335.6…
10-K · February 20, 2024
Wesco positions itself as a tech-enabled, scale-driven distributor and supply-chain solutions provider with three reporting segments (EES, CSS, UBS) and a global footprint of nearly 800 branches in ~50 countries. The…
10-Q · November 2, 2023
Wesco reported quarterly revenue of $5,644.4 million, up $198.5 million (+3.6%) versus the prior-year quarter, with diluted EPS of $4.20 (down $0.10 vs. prior-year diluted EPS of $4.30). Gross margin compressed modestly…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.