Company Overview - Wesco International is a FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, with approximately $22 billion in annual sales in 2024 [2] - The company specializes in business-to-business distribution, logistics services, and supply chain solutions, offering a diverse portfolio including Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions [2] - Wesco employs around 20,000 people and operates more than 700 sites across approximately 50 countries, providing a local presence and a global network for its customers [2] Earnings Call Information - Wesco International will hold its second quarter 2025 earnings conference call on July 31, 2025, at 10:00 a.m. ET [1] - Dial-in details for live access include a North America toll-free number (1-877-443-5356) and an international number (1-412-902-6614) [2] - A replay of the earnings call will be available until August 7, 2025, with specific toll-free and international numbers provided for access [2]

Group 1 - Wesco International issued its annual sustainability report outlining key ESG initiatives aimed for completion by 2030, including a 30% reduction in scope 1 and 2 greenhouse gas emissions, a 15% reduction in landfill waste intensity, a 15% reduction in total recordable incident rate, and providing 425,000 hours of safety training to employees [1][2] - The company reported approximately $22 billion in annual sales for 2024 and operates more than 700 sites globally, including distribution and fulfillment centers [3] - Wesco serves a diverse range of customers, including commercial and industrial businesses, contractors, educational institutions, government agencies, technology companies, telecommunications providers, and utilities [3] Group 2 - The Chairman, President, and CEO of Wesco emphasized the company's commitment to sustainability as a continuous journey, expressing confidence in ongoing improvements [2] - Wesco is recognized as a leading provider of business-to-business distribution, logistics services, and supply chain solutions [3] - The company employs approximately 20,000 people and partners with premier suppliers to enhance its service offerings [3]

Group 1: Corporate Social Responsibility Initiatives - The company hosted Day of Caring events to encourage employee community engagement and awareness of local volunteer opportunities, involving nearly 5,000 employees and over 60 nonprofit partners [1] - Employees logged almost 1,000 volunteer hours and donated more than $210,000, with company matches benefiting nearly 200 charities year to date [1] Group 2: Recognition of Employee Contributions - Scott Carstens, Senior Operations Manager, was named the 2025 Wesco Cares Champion of the Year for his commitment to community service [2] - Carstens volunteers with multiple organizations, including Habitat for Humanity and the Wounded Warrior Foundation, and will receive a $2,500 award to donate to a charity of his choice [3] Group 3: Company Overview - Wesco International, a FORTUNE 500® company, reported approximately $22 billion in annual sales for 2024 and provides a wide range of distribution and logistics services [5] - The company employs around 20,000 people and operates over 700 sites in approximately 50 countries, serving various sectors including commercial, industrial, and government [5]

Core Insights - Wesco International has been included in the 2025 Fortune 500 list, ranking 199 overall, highlighting its ongoing value and ingenuity in the business-to-business distribution and logistics sector [1] - The company has been part of the Fortune 500 list since 1998, indicating a long-standing presence and performance in the industry [1] - Wesco's CEO, John Engel, expressed confidence in the company's ability to outperform market trends driven by AI, electrification, automation, and reshoring [1] Company Overview - Wesco International reported approximately $22 billion in annual sales for 2024, positioning itself as a leading provider of distribution, logistics services, and supply chain solutions [3] - The company employs around 20,000 people and operates over 700 sites across approximately 50 countries, providing a robust local and global presence [3] - Wesco offers a diverse portfolio that includes Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions, catering to various sectors including commercial, industrial, and government [3] Recent Recognitions - In addition to its Fortune 500 inclusion, Wesco has been recognized on the Fortune World's Most Admired list and The Wall Street Journal's Top 250 Best-Managed Companies list [1] - The company has also been certified as a Great Place to Work in the U.S., reflecting its commitment to employee satisfaction and corporate culture [1]

Core Insights - Wesco has been recognized as a great place to work, with 83% of employees rating it positively, a 10 percentage point increase from 73% in 2024, surpassing the U.S. average of 57% [1][2] - The management team received high ratings for fairness in treatment across various demographics, with 90% or above for related statements, and 96% of employees feel the workplace is physically safe [2] - Wesco's commitment to employee experience is validated by the Great Place To Work Certification, which is based on real-time employee feedback [4][6] Company Overview - Wesco International, a FORTUNE 500® company, reported approximately $22 billion in annual sales for 2024 and specializes in business-to-business distribution, logistics services, and supply chain solutions [5] - The company employs around 20,000 people and operates over 700 sites in approximately 50 countries, providing a global network for its customers [5] - Wesco offers a diverse portfolio of products and services, including Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions [5]

Core Points - Wesco International's Board of Directors declared a quarterly cash dividend of $0.45375 per share, payable on June 30, 2025, to shareholders of record as of June 13, 2025 [1] Company Overview - Wesco International is a FORTUNE 500® company headquartered in Pittsburgh, Pennsylvania, with approximately $22 billion in annual sales for 2024 [2] - The company specializes in business-to-business distribution, logistics services, and supply chain solutions, offering a diverse portfolio that includes Electrical and Electronic Solutions, Communications and Security Solutions, and Utility and Broadband Solutions [2] - Wesco employs around 20,000 people and operates over 700 sites, including distribution centers and sales offices in approximately 50 countries, providing a local presence and a global network for its customers [2]

Core Insights - Wesco International reported a 6% organic growth in sales for Q1 2025, driven by a 70% increase in data center sales and high single-digit growth in Broadband and OEM businesses [2][10]. - The company reaffirmed its full-year outlook for 2025, citing positive momentum and a strong opportunity pipeline [3][10]. Financial Performance - Net sales for Q1 2025 were $5,343.7 million, a slight decrease of 0.1% compared to $5,350.0 million in Q1 2024 [4][10]. - Organic sales growth was reported at 5.6%, reflecting volume growth in the Communication and Security Solutions (CSS) segment, partially offset by a decline in the Utility Business Solutions (UBS) segment [5][24]. - Gross profit for Q1 2025 was $1,125.6 million, with a gross margin of 21.1%, down from 21.3% in the previous year [4][26]. - Net income attributable to common stockholders increased to $104.0 million, or $2.10 per diluted share, representing a 7.7% increase year-over-year [4][10]. Cash Flow and Capital Management - Free cash flow for Q1 2025 was significantly lower at $9.4 million compared to $731.4 million in Q1 2024, primarily due to changes in working capital [4][10]. - The company issued $800 million in notes to redeem preferred stock, which is expected to strengthen the balance sheet and improve cash flow and earnings per share [3][10]. Segment Performance - The CSS segment experienced an organic sales growth of 18.1%, while the UBS segment saw a decline of 4.9% [24]. - The Electrical and Electronic Solutions (EES) segment reported a 3.4% organic sales growth [24]. Operational Highlights - The company noted a stable gross margin on a sequential basis compared to Q4 2024, with initial improvements in Communication and Security Solutions [2][3]. - SG&A expenses increased to $836.3 million, reflecting higher operational and transportation costs [4][7]. Market Outlook - Wesco remains focused on cross-selling activities and operational improvements amid economic uncertainty, with confidence in outperforming market trends driven by AI-driven data centers and electrification [3][10].