WCC earnings analysis
What we found in WCC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Q1 2026 revenue increased to $6.08 billion, a 13.8% increase from $5.34 billion in Q1 2025.
- Significant EPS Beat
- Adjusted EPS soared to $3.37, compared to $2.21 in Q1 2025, marking a 52.5% growth.
- Segment Performance
- CSS segment revenue rose 23.9% to $2.48 billion, driven by data center solutions.
- Higher Adjusted EBITDA
- Adjusted EBITDA increased 25.1% year-over-year to $388.8 million.
- Improved Operating Cash Flow
- Net cash provided by operations rose significantly to $221.4 million, up from $28 million in Q1 2025.
- Cash and Liquidity Position
- As of March 2026, the company had $353 million in cash, contributing to total liquidity of approximately $3.2 billion.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Interest Expense Increase
- Net interest expense grew to $96.7 million, a 12.1% rise compared to $86.3 million in Q1 2025.
- Higher SG&A Costs
- SG&A expenses increased by 13.3% to $947.6 million, up from $836.3 million in the prior year.
- Supply Chain and Tariff Risks
- Management is assessing potential impacts from recent tariff rulings, affecting future profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $3.37
- Segment
- Electrical & Electronic Solutions: $2.24B
- Segment
- Communications & Security Solutions: $2.48B
- Segment
- Utility & Broadband Solutions: $1.36B
What they said about what is next.
Management highlighted strong momentum and opportunities in AI-driven data centers and electrification, but deferred detailed numeric guidance.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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