$WCC

WESCO INTERNATIONAL INC

CIK:0000929008|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Gross Profit [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 6,665.1	$ 5,899.6	$ 12,745.2	$ 11,243.3
Cost of Goods and Service, Excluding Depreciation, Depletion, and Amortization	5,209.1	4,656.9	9,997.4	8,875.0
Operating Expenses [Abstract]
Selling, general and administrative expense	1,022.7	872.2	1,970.3	1,708.5
Depreciation and amortization	51.1	48.3	101.8	96.7
Income from operations	382.2	322.2	675.7	563.1
Interest Income (Expense), Nonoperating, Net	110.4	92.9	207.1	179.2
Other Nonoperating Income (Expense)	(0.2)	(7.3)	(0.6)	(7.1)
Income before income taxes	272.0	236.6	469.2	391.0
Provision for income taxes	62.4	61.8	105.5	97.9
Net income	209.6	174.8	363.7	293.1
Net (loss) income attributable to noncontrolling interest	0.6	0.3	0.9	0.2
Net income attributable to WESCO International, Inc.	209.0	174.5	362.8	292.9
Preferred Stock Dividends, Income Statement Impact	0.0	12.9	0.0	27.3
Net Income (Loss) Available to Common Stockholders, Basic	$ 209.0	$ 189.2	$ 362.8	$ 293.2
Basic (in dollars per share)	$ 4.28	$ 3.88	$ 7.45	$ 6.01
Diluted (in dollars per share)	$ 4.23	$ 3.83	$ 7.33	$ 5.92
Comprehensive Income:
Foreign currency translation adjustment	$ (34.9)	$ 150.2	$ (61.3)	$ 166.3
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(0.4)	(0.3)	(0.9)	(0.6)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	(35.3)	149.9	(62.2)	165.7
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	174.3	324.7	301.5	458.8
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0.6	0.3	0.9	0.2
Comprehensive income attributable to WESCO International, Inc.	173.7	339.1	300.6	458.9
Revenue from Contract with Customer, Excluding Assessed Tax	6,665.1	5,899.6	12,745.2	11,243.3
Preferred Stock Redemption Discount	$ 0.0	$ 27.6	$ 0.0	$ 27.6

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Operating Activities:
Net income	$ 363.7	$ 293.1
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	101.8	96.7
Stock-based compensation expense	35.2	18.6
Hosting Arrangement, Service Contract, Implementation Cost, Capitalized, Amortization Expense	22.6	11.1
Amortization of Debt Issuance Costs and Discounts	7.4	6.6
Other operating activities, net	11.4	1.2
Changes in assets and liabilities
Increase (Decrease) in Accounts Receivable	641.0	431.2
Increase (Decrease) in Accounts and Other Receivables	85.4	12.8
Inventories, net	(432.4)	(403.1)
Increase (Decrease) in Other Operating Assets	(192.5)	(24.4)
Accounts payable	726.0	574.7
Accrued payroll and benefit costs	(19.2)	(38.0)
Other current and noncurrent liabilities	192.3	21.9
Net cash provided by operating activities	275.1	135.8
Investing Activities:
Capital expenditures	(51.6)	(42.2)
Cash paid for acquisition	0.0	(36.0)
Other investing activities	3.6	1.3
Net cash used in investing activities	(48.0)	(76.9)
Financing Activities:
Proceeds from issuance of long-term debt	5,328.3	3,589.0
Repayments of Other Long-term Debt	5,172.9	2,989.4
Payments of Debt Issuance Costs	(19.1)	(14.0)
Payments for Repurchase of Common Stock	(48.1)	(18.4)
Payments for Repurchase of Common Stock	(39.9)	(50.0)
Payments of Ordinary Dividends, Common Stock	(48.8)	(44.2)
Payments of Ordinary Dividends, Preferred Stock and Preference Stock	0.0	27.3
Other financing activities, net	(18.0)	(19.1)
Net cash used in financing activities	(21.9)	(108.3)
Proceeds from (Repayments of) Short-term Debt	(3.4)	5.4
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	(1.1)	13.8
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	204.1	(35.6)
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	808.9	667.0
Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activity	172.3	161.9
Income Tax Paid, before Refund Received	154.6	143.1
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	139.6	203.0
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	25.8	14.9
Payments for Repurchase of Preferred Stock and Preference Stock	0.0	(540.3)
Deferred Income Tax Expense (Benefit)	$ 14.4	$ (4.2)

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation	$ 808.9	$ 604.8
Accounts Receivable, after Allowance for Credit Loss, Current	4,685.0	4,069.6
Accounts and Other Receivables, Net, Current	461.6	522.4
Inventories, net	4,418.0	4,008.8
Prepaid expenses and other current assets	373.0	250.6
Assets, Current	10,746.5	9,456.2
Property, buildings and equipment, net of accumulated depreciation of $229,041 and $213,758 in 2014 and 2013, respectively	484.1	466.8
Operating Lease, Right-of-Use Asset	912.6	888.3
Intangible assets, net	1,722.0	1,769.2
Goodwill	3,314.0	3,343.4
Deferred Income Tax Assets, Net	47.7	45.7
Other assets	580.9	525.3
Assets	17,807.8	16,494.9
Accounts payable	3,740.3	3,030.5
Accrued payroll and benefit costs	266.5	283.0
Current portion of long-term debt	25.0	25.0
Other Liabilities, Current	1,107.2	958.3
Liabilities, Current	5,139.0	4,296.8
Total long-term debt	5,911.1	5,756.4
Operating Lease, Liability, Noncurrent	769.9	752.2
Deferred Income Tax Liabilities, Net	442.5	427.2
Other Liabilities, Noncurrent	332.7	235.9
Liabilities	12,595.2	11,468.5
Commitments and Contingencies
Additional capital	1,536.3	1,507.3
Retained earnings	5,820.3	5,513.4
Treasury stock, at cost; 25,954,686 and 25,685,964 shares in 2026 and 2025, respectively	(1,675.8)	(1,590.3)
Accumulated other comprehensive income	(461.7)	(399.5)
Total WESCO International, Inc. equity	5,219.8	5,031.6
Noncontrolling interest	(7.2)	(5.2)
Total equity	5,212.6	5,026.4
Liabilities and Equity	17,807.8	16,494.9
Preferred Stock
Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	0.0	0.0
Series A Preferred Stock
Preferred stock, $.01 par value; 20,000,000 shares authorized, no shares issued or outstanding	0.0	0.0
Common Stock
Common stock	0.7	0.7
Common Class B
Common stock	$ 0.0	$ 0.0