WESCO International, Inc. (WCC) Bundle
A Brief History of WESCO International, Inc. (WCC)
Company Overview
WESCO International, Inc. (WCC) is a publicly traded electrical distribution and supply company headquartered in Pittsburgh, Pennsylvania.
| Key Company Metrics | 2023 Data |
|---|---|
| Annual Revenue | $24.5 billion |
| Market Capitalization | $9.8 billion |
| Number of Employees | 22,000 |
| Stock Exchange Listing | NYSE |
Financial Performance
WESCO reported key financial metrics for the fiscal year 2023:
- Net Sales: $24.5 billion
- Gross Profit Margin: 21.4%
- Operating Income: $1.2 billion
- Net Income: $685 million
Business Segments
WESCO operates through three primary business segments:
- Electrical and Electronic Solutions
- Communications and Security Solutions
- Utility and Industrial Solutions
| Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Electrical and Electronic Solutions | $12.3 billion | 50.2% |
| Communications and Security Solutions | $6.7 billion | 27.3% |
| Utility and Industrial Solutions | $5.5 billion | 22.5% |
Geographic Presence
WESCO operates in multiple countries with significant presence in:
- United States
- Canada
- Mexico
- United Kingdom
- France
Stock Performance
| Metric | 2023 Value |
|---|---|
| Stock Price (as of December 31, 2023) | $142.75 |
| 52-Week High | $159.46 |
| 52-Week Low | $108.22 |
| Price-to-Earnings Ratio | 16.3 |
A Who Owns WESCO International, Inc. (WCC)
Major Shareholders
As of January 2024, the top institutional shareholders of WESCO International, Inc. include:
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 6,366,538 | 11.89% |
| BlackRock Inc. | 5,241,971 | 9.79% |
| Renaissance Technologies LLC | 2,611,918 | 4.88% |
Ownership Structure
WESCO International is a publicly traded company listed on the New York Stock Exchange under the ticker symbol WCC.
Significant Ownership Details
- Total Outstanding Shares: 53,500,000
- Public Float: Approximately 90.2%
- Institutional Ownership: 87.3%
Management Ownership
Key executives and board members own approximately 2.1% of the company's total shares.
Recent Ownership Changes
In 2022, WESCO completed a merger with Anixter International, which impacted its ownership structure.
WESCO International, Inc. (WCC) Mission Statement
Company Overview
WESCO International, Inc. (NYSE: WCC) is a publicly traded Fortune 500 company headquartered in Pittsburgh, Pennsylvania.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $24.5 billion |
| Market Capitalization | $10.8 billion |
| Number of Employees | 19,500 |
Mission Statement Components
- Provide comprehensive B2B distribution solutions
- Support electrical, communications, and utility infrastructure markets
- Deliver integrated supply chain management services
Strategic Focus Areas
WESCO concentrates on delivering critical supply chain solutions across multiple sectors:
| Market Segment | Percentage of Revenue |
|---|---|
| Electrical and Electronic Solutions | 52% |
| Communications and Security Solutions | 24% |
| Utility and Renewable Solutions | 24% |
Key Performance Metrics
- Operating Margin: 6.8%
- Return on Invested Capital: 12.3%
- Global Distribution Network: Over 800 locations
Corporate Objectives
Primary objectives include:
- Optimize supply chain efficiency
- Provide innovative technology solutions
- Expand global market presence
How WESCO International, Inc. (WCC) Works
Company Overview
WESCO International, Inc. is a publicly traded company (NYSE: WCC) with headquarters in Pittsburgh, Pennsylvania. Annual revenue as of 2023: $24.5 billion.
Business Segments
WESCO operates through three primary business segments:
- Electrical & Electronic Solutions
- Communications & Security Solutions
- Utility and Renewable Solutions
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $24.5 billion |
| Net Income | $736 million |
| Market Capitalization | $12.3 billion |
| Total Employees | 19,500 |
Distribution Network
WESCO maintains:
- Over 700 distribution centers
- Presence in North America, Europe, and Asia
- Serves more than 125,000 customers
Product Portfolio
Key product categories include:
- Electrical wiring and connectivity products
- Communication and security systems
- Automation and control equipment
- Safety and maintenance supplies
Strategic Acquisitions
Major recent acquisition: Anixter International in 2020 for $4.5 billion, significantly expanding global distribution capabilities.
How WESCO International, Inc. (WCC) Makes Money
Revenue Segments
WESCO International generates revenue through three primary business segments:
| Segment | 2022 Revenue | Percentage of Total Revenue |
|---|---|---|
| Electrical & Electronic Solutions | $10.8 billion | 52% |
| Communications & Security Solutions | $4.2 billion | 20% |
| Utility and Broadband Solutions | $5.8 billion | 28% |
Product Distribution Channels
- Industrial manufacturers
- Commercial and institutional buildings
- Utility companies
- Telecommunications providers
- Government agencies
Financial Performance
WESCO's financial metrics for 2022:
| Financial Metric | Amount |
|---|---|
| Total Revenue | $20.8 billion |
| Net Income | $628 million |
| Gross Profit Margin | 24.3% |
Key Product Categories
- Electrical wiring and connectivity products
- Network infrastructure equipment
- Safety and security systems
- Renewable energy components
- Industrial automation solutions
Geographic Revenue Distribution
| Region | Revenue Contribution |
|---|---|
| United States | 85% |
| Canada | 12% |
| International Markets | 3% |
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