Wesco International Inc. (WCC)
WESCO (WCC) Expands Portfolio With entroCIM Acquisition
WESCO International (WCC) acquires entroCIM to boost its building intelligence software offerings.
WESCO International: Healthy Demand Drivers, And Attractive Valuations (Rating Upgrade)
WESCO International's Q1 2024 sales declined due to volume declines across all segments, but the company's revenue growth outlook is positive. The company is poised to benefit from electrification, broadband expansion, infrastructure build, and data center demand in the medium to long term. The company's margins were adversely impacted in Q1 2024, but they are expected to sequentially improve in the coming quarters.
Wesco International: Good Business At A High Price
Wesco International is a B2B distribution company with operating segments in electrical and electronic solutions, communications and security solutions, and utility and broadband solutions. The company was transformed after a major acquisition of Anixter for $4.5 billion in 2020. The stock is currently a hold due to concerns about high debt levels and limited potential for earnings growth.
